During the last few years economics and business education have emerged as one of the largest fields of study in higher education. At the same time, the pressing concern for improving the quality of higher education has led to a definite need for more knowledge about effective instruction and innovation in economics and business education. The book brings together many examples of reform in economics and business education. Special attention is paid to the problem-based learning approach, which over the past ten years, has developed as a very important innovation in higher education. The book contains contributions from a variety of institutions on the necessity of curriculum reform, the choice of instructional methods, assessment and testing, and management of change. It is of interest for teachers in higher education, educational psychologists, and any person interested in educational innovation in economics and business administration.

During the last few years economics and business education have emerged as one of the largest fields of study in higher education. At the same time, the pressing concern for improving the quality of higher education has led to a definite need for more knowledge about effective instruction and innovation in economics and business education. The book brings together many examples of reform in economics and business education. Special attention is paid to the problem-based learning approach, which over the past ten years, has developed as a very important innovation in higher education. The book contains contributions from a variety of institutions on the necessity of curriculum reform, the choice of instructional methods, assessment and testing, and management of change. It is of interest for teachers in higher education, educational psychologists, and any person interested in educational innovation in economics and business administration.

The authors of this book believe that the 5,000 year-long-history of Chinese Civilization is the main factor in the re-emergence of China in the 21st century. It is a well-known fact that the Chinese economy became the second largest economy in the world in 2014. With some predictions, in the near future perhaps China will surpass the United States. The main media interprets this progress as the result of a Western Civilization strategy, which forced manufacturing to be outsourced to China and made it become the World Factory. Certainly, outsourcing was the trigger and an important factor at the end of the 20th century. However, today, China and its diaspora (Chinese Civilization) are decisively moving from the "robot" of the West to a master in economy and politics. This book, primarily focused on analyzing Chinese accomplishments nowadays, is not confined only to the economic dimension; it also takes into account the legacy and practice of the Chinese, i.e., its society, culture, religion, and infrastructure - the main components of any civilization. China had 24 dynasties and elaborated administrative systems (run by Mandarins) that contributed to the Chinese receptive subordination to political power. The Mandarins' management of knowledge, wisdom, and skills were supported by Confucianism - an ethical and philosophical system based on the teachings of the Chinese philosopher Confucius. Also, family is most important to the Chinese. There is a special relationship within the family-based complex system that is hinged on Chinese kinships and clans.

The authors of this book believe that the 5,000 year-long-history of Chinese Civilization is the main factor in the re-emergence of China in the 21st century. It is a well-known fact that the Chinese economy became the second largest economy in the world in 2014. With some predictions, in the near future perhaps China will surpass the United States. The main media interprets this progress as the result of a Western Civilization strategy, which forced manufacturing to be outsourced to China and made it become the World Factory. Certainly, outsourcing was the trigger and an important factor at the end of the 20th century. However, today, China and its diaspora (Chinese Civilization) are decisively moving from the "robot" of the West to a master in economy and politics. This book, primarily focused on analyzing Chinese accomplishments nowadays, is not confined only to the economic dimension; it also takes into account the legacy and practice of the Chinese, i.e., its society, culture, religion, and infrastructure - the main components of any civilization. China had 24 dynasties and elaborated administrative systems (run by Mandarins) that contributed to the Chinese receptive subordination to political power. The Mandarins' management of knowledge, wisdom, and skills were supported by Confucianism - an ethical and philosophical system based on the teachings of the Chinese philosopher Confucius. Also, family is most important to the Chinese. There is a special relationship within the family-based complex system that is hinged on Chinese kinships and clans.