[lemma=□] □
[lemma=their] □
[lemma=international] □
The third element to be considered is the Japanese financial system , whose solvency and profitability have been restored : it is likely that what has been for so long Japan ’ s Achille ’ s heel will become a strong asset in the years to come and that the renovated Japanese financial institutions will resume their international expansion , this time on a sound basis . These issues are inseparable given the generalized and growing economic openness and the changes in producer organizations and their international expansion , which create new competitive conditions . With its magnificent Baroque staircase , beautiful bedrooms and a choice of restaurants renowned for their international cuisine , the St. Ermin 's is a special hotel . A potentially informative measure of the local impact of educational institutions is the residential location of their international students , which will provide an expression of housing and probably retail and other service impacts . It requires not only that schools report information on their international students , but also other international members of the campus community such as visiting scholars . It must be stressed that liberalization of IT and e-commerce , and their international expansion , will serve as a springboard for further development of the global economy . Indeed , in a period when the Australian universities have dramatically increased their international role , especially in Asia and the Pacific , that core business , of a high quality undergraduate education , is of more than domestic significance .