Raymond YUEN's  Instablog

Raymond YUEN
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YUEN is a finance professional with over 20 years practical experience in financial accounting, financial management and investment. He is a freelance trainer and grader. He also holds a PhD(Management) with research interest in market crash and Fractal Theory. He served Qualification Program of... More
  • Peace Is The Greatest Treasure Of Mankind. 0 comments
    Mar 21, 2013 11:36 AM

    An old proverb of China, "Harmony generates money." The importance of harmony to the economic development of mankind is high and strong. Without harmony, there is no peace. Without peace, there is no trade. Without trade, there are no specialization and industrialization. Without specialization and industrialization, there is no current advancement and economic development of the world. These are all the ideas of the book "The Wealth of Nations" by honorable Adam Smith. This book was published in 1776, coincidentally, this was the year of independence of the USA.

    The Great Depression of 1929 to 1938 was caused by trade war. The trade war was caused by strife between countries and protectionism. Pray to God that the nightmare of 1929 until 1945 will not happen to the world forever.

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