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Smart Globalization- In the Age of China and India |
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University of Maryland's Robert H. Smith
School of Business presents:
Smart
Globalization- In the Age of China and
India
April 23-24
Discover how you and your company can begin
to plan and execute a strategy to succeed in
the world's largest markets. Join us for
"Smart Globalization in the Age of China and
India" on April 23 and 24 at the Ronald
Reagan Building and International Trade
Center in Washington, DC. Presented by the
Office of Executive Education at the
University of Maryland's Robert H. Smith
School of Business, this conference and
executive seminar bring together leading
scholars, senior corporate leaders and
seasoned entrepreneurs for comprehensive
discussion of what it takes to succeed in
China and India. Participants will not only
learn from specialists in the field and
experienced practitioners, but will also have
the opportunity to network with others doing
business in India and China or currently
planning new ventures there.
Thursday, April 23 is open to a broad
audience and welcomes executives,
entrepreneurs, government and nonprofit, as
well as graduate students. Sponsored by the
Smith School Center for International
Business Education and Research (CIBER), this
conference will feature keynotes by Anil
Gupta and Simon Johnson in addition to
discussions with executives and entrepreneurs
from multinational corporations.
Friday, April 24 provides corporate leaders
with an all-day, executive seminar conducted
by Dr. Anil Gupta, researcher, teacher and
consultant to multinational companies. Dr.
Gupta, Professor of Strategy and Organization
at the Smith School of Business, is one of
the foremost authorities on global strategy,
author of The Quest for Dominance and Getting
China and India Right.
Register
now!
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China Goes Global Call for Papers |
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Call for Papers
3rd China Goes Global Conference
September 30 - October 2, 2009
Harvard University, Cambridge, USA
www.chinagoesglobal.org
Overview
This century has been dubbed the Chinese
Century. But will the naming of this Century be
congruent with the country's performance in
the global political economy? As part of a
series of
conferences on the topic China Goes Global,
held at Harvard Kennedy School and Rollins
College, we issue a new call for papers on
the globalization of China and Chinese companies,
focusing on the following broad questions:
1. What are the social, political and
economic influences of China's globalization?
2. How will China's globalization effect the
business environment of firms in developed and
emerging countries?
3. Will China really replace the US economic,
political and business leadership in the 21st
Century?
4. What are the factors associated with
China's emerging global economic prowess?
5. Can Western political/economic models and
theories help explain China's current trajectory,
either on a macro or a micro level?
Important Dates
Deadline for Submission: May 15, 2009
Paper acceptance/rejection: July 1, 2009
Revised paper submission: August 15, 2009
Registration Fee
Please note that all presenters and
participants must register to attend the
conference. The early
bird registration fee of USD 495 is due on
July 5, 2009, and the regular registration
fee of USD 595 is
due on August 15, 2009. The registration fee
includes refreshments, lunches, reception,
conference dinner, and a copy of the book
China Rules: Globalization and Political
Transformation (Palgrave McMillan, 2009).
Conference registration does not
include accommodation or travel costs.
Organizational Committee
Dr. Ilan Alon, Petters Professor, Director
Rollins China Center, Crummer Graduate School of
Business, Rollins College, Asia Programs
Visiting Scholar, Harvard University
Dr. Julian Chang, Executive Director, Asia
Programs, Ash Institute, Kennedy School of
Government, Harvard University
Dr. Marc Fetscherin, Assistant Professor,
Crummer Graduate School of Business, Rollins
College,
Asia Programs Visiting Scholar, Harvard
University
Dr. Christoph Lattemann, Assistant Professor
of Corporate Governance & E-Commerce, University
of Potsdam, Asia Programs Visiting Scholar,
Harvard University
Dr. John R. McIntyre, Professor, Director of
Georgia Tech CIBER, Georgia Institute of
Technology
For more information, visit the conference
website
http://www.chinagoesglobal.org/
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Headlines |
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India votes in world's largest election
(AFP, Apr 15) ndians voted in their tens
of millions Thursday as the world's largest
democracy kicked off month-long, five-stage
elections, with little hope of a clear winner
emerging at the end of it all.
From the southern tropical state of Kerala to
the Himalayan foothills of Kashmir in the
north, they cast their ballots at the start
of a process so complex and spread out that
six million civil and security personnel are
needed to keep it on track.
Neither the ruling Congress party nor its
main rival, the Hindu nationalist Bharatiya
Janata Party (BJP), is expected to win
outright when voting wraps up on May 13,
setting the stage for some old-fashioned
political horse-trading to build a coalition
that can govern India's one billion people.
China's Economic Growth Slows in First
Quarter (New York Times, Apr 16)
China's economy grew more slowly than usual
in the first quarter, and joblessness
increased, but fairly strong investment and
consumer spending helped prevent falling
exports from dragging down economic output
even further, the government said Thursday.
China's economic output was 6.1 percent
higher in the first quarter than a year
earlier, the National Bureau of Statistics
said, but a range of statistics showed that
March was better than January or
February.
China bank lending may slow, but not
dramatically (Wall Street Journal, Apr
16) Chinese banks will likely moderate
their lending activity in the remaining
months of 2009 after making a burst of loans
in the first quarter, but the slowdown won't
be so dramatic as to halt the mainland's
economic recovery in the tracks.
Rather, the banks could lay more emphasis on
medium- to long-term lending and balance the
mix of the loans they have already made so
far this year, analysts said.
"There has been too much short-term loans and
bills [financing] over the last three months.
That has to slow. It's not sustainable, and I
think the central bank will address that
issue," said Kevin Lai, an economist at Daiwa
Institute of Research.
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Energy |
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Oil, Gas and Ore | The (Chinese) government
is weighing the timing of readjusting its tax
policy on fossil fuels
(Beijing Review, APR. 16, 2009)
With increasing demand for fossil fuels and
other natural resources to propel the
country's rapid economic
development, economists and experts have
expressed discontent and criticism over the
low resource tax rate, arguing
the quantity-oriented tax-collecting
mechanism has failed to live up to the goal
of effective utilization and
conservation of resources and has not meshed
with the government's goal of establishing a
resource-efficient society.
They point out that the amount of resource
tax only accounts for a very small portion of
overall taxation categories.
The main goal of reforming the resource tax
is to lift the threshold of fossil fuel
energy and mine resource taxes
and tax-related enterprises on the basis of
resource price instead of quantity. Although
no specific rates have been
set, industry insiders estimate the
government will impose a 10-percent tax on
resource sales.
Energy Secretary Chu, on Power Sources Old
and New
(The Washington Post, Apr 16 2009)
Chu: The issue here is that if you consider,
for example, the countries that have coal,
two-thirds of the known coal
reserves lie primarily in the United States,
China, India and Russia. The United States
actually has the most known
coal reserves in the world, and over 50
percent of our electricity is generated by
coal. Even if the United States
turns its back on coal, China and India will
not, given the state of affairs. I would
prefer to say let's try to
develop technologies that can get a large
fraction of the carbon dioxide out of coal.
Start with 70, 80 percent and
build up to over 90 percent, but start now
and try to get it out.
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ICT |
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India
Approves Satyam Stake Sale to Tech
Mahindra (Bloomberg.com, Apr
16) India's Company Law Board approved
Satyam Computer Services Ltd.'s sale of a 31
percent stake to Tech Mahindra Ltd. for 17.6
billion rupees ($355 million).
Tech Mahindra on April 13 won the bidding for
control of Satyam, the software exporter at
the center of India's biggest fraud inquiry,
beating U.S. billionaire Wilbur Ross and
Larsen & Toubro Ltd. with a $579 million
offer. The sale needed the law panel's
approval after the government took control of
the company in January in the wake of its
founder Ramalinga Raju's admission that he'd
inflated assets by more than $1 billion.
Dell, HP Launch Netbooks for China's 3G
Standard (PC World, Apr 16)
Dell and Hewlett-Packard announced netbooks
that support China's 3G standard Thursday as
China Mobile, which is promoting the
next-generation mobile technology, seeks new
ways to attract scarce users.
The netbooks, Dell's Inspiron Mini 10 and
HP's Mini 1000, launched in China with
built-in data cards for the 3G standard used
by China Mobile, TD-SCDMA (Time
Division-Synchronous Code Division Multiple
Access).
Chinese PC makers including Lenovo also
launched 3G netbooks this week. Lenovo
launched three models that can climb online
through either TD-SCDMA or one of the 3G
standards offered by China Mobile's rivals,
Lenovo said in a statement.
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Agriculture |
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China Keeps Buying U.S. Soybeans (Farm
Futures, Apr 16) Purchases by China, the
world's largest soybean buyer, again
dominated U.S. sales in the latest week,
according to data released this morning by
USDA. Total exports reached 29.8 million,
well above trade guesses, with China taking
about half the total.
The strong showing comes after reports this
week that China was continuing to be an
aggressive buyer, and keeps soybeans on track
to beat USDA's current forecast for the
marketing year. While most of China's recent
purchases have been sourced from Brazil, lack
of Argentine supplies are extending the sales
season for the U.S.
China warns of slower income growth in rural
areas (Reuters UK, Apr 15) Income
growth in rural China will slow this year as
farms struggle to absorb millions of workers
laid off from factories hit by the global
financial crisis, officials said on Wednesday.
Despite government efforts to narrow the gap
between urban and rural incomes, farmers'
incomes -- on average 4,761 yuan last year --
have slipped farther and farther behind those
of city dwellers.
India Benchmarking Saemangeum Reclamation
(Korea Times, Apr 16) India will
model a monumental reclamation plan after the
Saemangeum project of coastal reclamation,
the centerpiece of which is a 33-kilometer
barrage in the West Sea bordering North
Jeolla Province.
According to a recent India Times report, the
state government of Gujarat announced that it
will incorporate Korea's technical expertise
in implementing the long-pending Kalpasar
project, with its essence being the
construction of a 34-kilometer dam across the
Gulf of Khambat.
The project seeks to ease a shortage of
electricity in Gujarat, while supplying water
for irrigation in drought-prone areas and
developing the ports along its coastline.
Gujarat experiences drought once every three
years, resulting in reduced agricultural
productivity and impoverishment.
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Real Estate |
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In China, Property Sales Show Signs of Picking Up
(Wall Street Journal, Apr 13, 2009)
China's real-estate market continued to show
signs of improvement in March, official data
show, with price declines
easing and government support measures
helping property sales pick up.Analysts said
the data contained signs of an
early recovery in the property sector, key to
revival of the world's third-largest economy.
Beijing's 4 trillion yuan
($585 billion) stimulus plan relies mostly on
government-led infrastructure investment, but
it also is meant to
mobilize private-sector investment in sectors
such as real estate. "The government measures
to improve affordability
have had a very big impact," said Michael
Klibaner, head of China research at Jones
Lang LaSalle, a real-estate-
services company. "Between lower interest
rates, lower transaction costs and lower
down-payment requirements,
affordability has improved enough that the
number of people that can participate in the
market has increased a lot.
To us, that means that this recovery can last
more than a month or two and will be more
sustainable."
Credai will request govt to remove service
tax on rentals
(Indian Express, Apr. 15, 2009)
Confederation of Real Estate Developers'
Associations of India (CREDAI) clarified its
outlook and vision for the
Indian real estate sector, at a press
briefing held recently.
The veterans of the real estate sector
discussed various issues, like 'affordable
housing', 'public-private
partnership and infrastructure development',
'finance and banking', 'state reforms',
'taxation issues', 'need to
educate home buyers', having impact on real
estate development in India.
Credai will recommend the government to
remove service tax on rentals of commercial
properties, which ultimately add
to the burden on consumers. It also proposes
to initiate public-private partnership in
low-income housing wherein
land bank available with the government may
be provided to the developers.
Credai intends to form a legal committee,
which shall oversee all legal issues
pertaining to the real estate sector.
The body would pursue the introduction of
Value Added Stamp Duty (VAS) for the housing
industry, wherein, any stamp
duty paid towards the purchase of land will
be adjusted from the stamp duty paid at the
time of sale of the property.
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Innovation |
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Growth in the Making | China will introduce a
Growth Enterprise Market to help small
innovative businesses ride out
the liquidity crisis
(Beijing Review, APR. 16, 2009)
After a 10-year deliberation, China's
securities watchdog finally gave a nod to the
launch of the long-awaited Growth
Enterprise Market (GEM), providing timely
relief to small businesses unable to get easy
bank loans. Modeled after the
U.S. Nasdaq market, the GEM segment is
designed to help China build multilevel
capital markets and offer a new
financing platform for cash-strapped startup
and small businesses that show solid growth
potential, especially
technology companies.
Furthermore, the GEM will help address the
financing difficulties of small and
medium-sized enterprises (SMEs).
"The growth board will serve mainly SMEs that
cannot meet the qualification requirements
for main board listing and
provide them a financing channel in order to
survive the crisis," said Yao Gang, Vice
Chairman of the China
Securities Regulatory Commission (CSRC) at a
press conference.
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Logistics | Transportation |
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No Small Wonder: The Tatas Launch the Nano
(India Knowledge@Wharton, APR. 09, 2009)
On March 23, the day Tata Motors launched the
Nano -- its long-awaited small car priced at
US$2,000 -- the company's
web site crashed. It had received more than
40 million hits in a short span of time and
was unable to cope with the
traffic. Visitors had come to the site to
learn more about what is probably the world's
most economical car and to
join the queue to buy it. The Nano's
introduction comes at a time when things are
not going very smoothly for the
Tata Group, and Tata Motors in particular. A
few days before the launch, Kotak
Institutional Equities Research, the
domestic brokerage arm of the Kotak Group,
reported that the Tatas would end the current
financial year Rs. 1
trillion (US$20 billion) in debt. That's a
worrisome number, but it is manageable given
the cash flow and the
resources of the group.
China Eastern Air Sees No Profit Till
2011;Cuts Capex
(The Wall Street Journal, Apr 16)
China Eastern Airlines Corp. (CEA) said
Thursday it expects its losses to narrow
significantly this year as it cuts
costs, but it doesn't expect a return to
profitability until 2011.
The Shanghai-based airline said it hopes to
reduce costs by at least 15% this year and
will slash capital expenditure
plans to CNY10.0 billion from CNY12.3 billion
in 2008.
"We aim to cut back or put off nonessential
investments this year that aren't related to
our operational and safety
requirements," China Eastern's
newly-appointed president Ma Xulun told a
news conference.
China Eastern said Wednesday it swung to a
net loss of CNY15.27 billion in 2008, based
on Hong Kong accounting
standards, due to high fuel costs and weak
passenger demand that knocked down revenue by 4%.
The carrier hopes to narrow that loss this
year, then break even or show a small loss in
2010 before returning into
the black in 2011, said Ma.
He said the airline hopes to receive more
financial support from Beijing, though added
that the government thus far
has made no commitments.
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Newsletter staff |
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International
Contributors Editorial Board
Prashant Das - Co-Editor
Roxanne Russell - Co-Editor
Geoff Hiscock - Australia
Priya Roy- China (Shanghai)
Harsha Harjani - Hong Kong
Dr. Nilay Yajnik - India
Farhad Mirzaei - Iran
Asha Hemrajani- Singapore
Melissa Steinmetz - UK
Dr. Daney Jackson - USA
Dr. Sudhanva Char - Academic Resources
Shree Pandya - Engaging Youth
Laurel Askue - Environment & Conservation
Christopher Chan - Intellectual Property
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The ICA
Institute
is a non-profit research institute working to
foster research and dissemination of
knowledge on the rise of China and India and
their impact on global markets, global
resources and geopolitics of the world. The
ICA Institute's mission is to generate new
perspectives on the role of market and
resource driven economic development. ICA
Institute fosters interaction and dialogue
between academic scholars, industry leaders
and policy makers on the impact of emerging
economies in general and China and India in
particular. Specifically, The ICA Institute is
positioned to be a catalyst between faculty
and students in International Business and
industry leaders and managers.
Learn more about the ICA institute
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