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Editorial Board

Journal of Emerging Knowledge on Emerging Markets: A Working Papers Journal (ICA Institute, Aug 15)
Announcing the India, China & America Institute's new Working Papers Journal, Journal of Emerging Knowledge on Emerging Markets. This journal will provide a forum for the exchange of ideas and shared learning experiences among policy makers, scholars and practitioners on the global economic impact of India, China and America.
You are invited to submit your scholarly works in progress related to the rise of emerging economies, in particular China and India, and their impact on global markets, global resources and geopolitics of the world. Please visit the Journal of Emerging Knowledge on Emerging Markets for more information about submissions (Click on the link above).

Deadline for submissions for the inaugural issue: Aug 15, 2009

Globalization of Chinese Enterprises (Edited by Ilan Alon and John R. McIntyre, Jun 29)
Globalization of Chinese Enterprises is a unique contribution to a growing literature. It analyzes, through a series of unique contributions by Chinese and Western experts, the rapid evolution of Chinese enterprises in global markets, outside of the Asian-Pacific area and provides a roadmap to understand its evolution of Dragon multinationals and their impacts. The next frontier in the economic battlefield is the globalization of Chinese enterprises. Lenovo's purchase of the IBM PC division is among the most well known example. Little, however, is known about why and how Chinese firms internationalize. On the one hand, they are governed by the market forces of demand and supply, but on the other hand they can be aided and injured by the political agenda of the Chinese government. Most studies of internationalization have been grounded in the paradigms of developed countries. However, it is increasingly apparent that the resulting theories may have to be adjusted when applied to China-- which is one of a kind even among today's transition economies in terms of the emerging social market economy, uniquely controlled by market forces, government directives, and institutional constraints. The globalization of the Chinese enterprises and the economy is a subject not well researched and at the forefront of today's debates over Chinese economic growth. Filling this gap in the literature, this book represents a selection of original contributions by both Chinese and Western scholars.

Developing World Seen as Engine for Recovery (New York Times, Jun 24)
Despite fears just months ago that they would be among the biggest victims of the financial crisis, emerging giants like China, India and Brazil are set to rebound strongly next year, the Organization for Economic Cooperation and Development predicted Wednesday - as Europe, the United States and Japan lag.

Senegal leader warns EU of competition from China, India (IC Publications Africa, Jun 24)
Senegal's President Abdoulaye Wade called on European nations on Wednesday to boost their aid to Africa, warning that countries there might turn to Brazil, China and India for economic help. "Africa wants to cooperate with Europe, but if Europe shuts itself off from Africa when we have India, China, Brazil coming to offer us the same things as Europe at lower prices and with extraordinary credit conditions over 15 or 20 years, well that is also part of the economic reality," he said.

India, China most favoured countries for FDI' (Business Standard, Jun 24)
BRIC nations showed a pattern of growth amid the global financial crisis, and the two emerging economies of the bloc - India and China have been the most sought after countries for foreign direct investment (FDI)...

Dollar rises after World Bank cut world economic forecast (China News, Jun 23)
Economic growth in developing countries is expected to slow sharply, from 5.9 percent in 2008 to 1.2 percent in 2009, the report said. Collective GDP of rich countries is expected to fall 4.5 percent in 2009. When India and China are removed from the total, developing countries as a group will experience a contraction in GDP of 1.6 percent.

India's IPO Turnaround (Forbes, Jun 22)
After a long lull, India's market for initial public offerings is showing signs of life. Timeshare firm Mahindra Holidays & Resorts, part of the Mahindra conglomerate, is going public this week aiming to raise up to $62 million, in what is the first equity offering by a major group in 15 months.

Satyam becomes Mahindra Satyam (Financial Express, Jun 21)
Software services provider Satyam Computer Services Ltd unveiled its new brand identity, 'Mahindra Satyam', symbolising the amalgamation of the Mahindra Group's values with Satyam's expertise. The logo for the new brand would be adopted from the Mahindra Group, a company statement said.

And now, fake 'Made in India' Chinese garments in Nigeria (Hindustan Times, Jun 24)
Recently, Nigerian authorities confiscated a shipment of drugs, with "Made in India" labels, which were found to have originated in China. Reacting to the development, Confederation of Indian Textile Industry said, "It is a cause for concern and we have to gauge its impact. China is the largest exporter of textiles, with 25 per cent of market share. We have just 4 per cent of market share. So they are a threat in the medium term."

US draws line with China on climate technology (AFP News, Jun 23)
China and India have led calls for developed nations to share technology to help them battle global warming as the clock ticks to a December meeting in Copenhagen meant to seal a successor to the Kyoto Protocol. Access to green technology is becoming a growing stumbling block in global efforts to fight climate change, with US lawmakers bristling at what they see as China's attempt to "steal" US know-how.

African real estate tempts the brave (Reuters, Jun 23)
Africa is brimming with undiscovered real estate gems and has begun to intercept opportunistic capital earmarked for China, Brazil and India, a partner in one of Europe's oldest African real estate advisers said.

U.S. called new emerging market for real estate (Reuters, Jun 23)
The U.S. commercial real estate crash, in which prices are down more than 20 percent and are expected to fall 40 percent to 50 percent, has created a landscape of what is expected to be a land of vast opportunity for those with cash.

FDI curbs in real estate may be eased (China Daily, Jun 23)
The government may relax rules on inward foreign direct investment (FDI) to prevent it from sliding further, sources from the Ministry of Commerce said yesterday. FDI dropped 17.8 per cent last month from a year earlier to $6.38 billion, the eighth straight monthly decline amid the global economic downturn. But the drop was less steep than in April, when inflows fell 22.5 per cent on a yearly basis.

Indiabulls to build on improving demand (Reuters, Jun 22)
India's third-largest listed property developer, Indiabulls Real Estate, plans to use more than $500 million raised from a recent share sale to launch projects, at a time its peers are struggling to raise funds and repay debt. The company raised $556 million in May through a share sale to institutions, including TPG Capital and Fidelity.

FDI in Education soon (India) (Hindustan Times, Jun 26)
The Union Minister for Human Resources Development promised to invite private capital - both Indian and foreign - to invest in education. In February 2008, international brokerage firm CLSA, headquartered in Hong Kong, had estimated the size of the private education market in India to be worth $40 billion...

Pearson Acquires Stake in 2 Indian Education Companies (The New York Times, Jun 24)
Pearson, the British publishing group, said Wednesday that it is partnering with an Indian education company and an Internet tutor, as it increases its focus on the huge Indian market. Pearson is buying half of the vocational training business of Educomp Solutions, a Delhi education company that creates software and training systems for 23,000 schools. Pearson is also buying a 17.2 percent stake in TutorVista, an online tutoring company that brings together Indian tutors and American students.

Offshoring? Try China and India Plus a Third Site (IDG News Network, Jun 22)
China may be rising as an offshoring destination, but many companies are outsourcing to multiple countries rather than just choosing between China and India. Market saturation and rising prices in India have helped spur multinationals to offshore to other countries as well, including China, Brazil, and Vietnam.

Dairy-Cow Kill to Double Milk Price After Slump (Bloomberg, Jun 22)
China, the world's third-largest fluid-milk consumer after India and the U.S., is recovering after melamine contamination last September slashed domestic output. China increased imports of milk powder and other dairy products after the government shut 19 percent of the nation's 20,393 milk-collection stations between November and April.

Morals vs profits, a tug of war for business in China (Reuters, Jun 22)
Michael Santoro, a professor of business ethics at Rutgers Business School in New Jersey, challenges that conventional view, arguing that foreign business can and should do more in the coming decade to shape social and political change in China.

Carbon Recycling: An Alternative to Carbon Capture and Storage (Industry Week, Jun 22)
Options being developed globally include the biochemical conversion of CO2 into algal biofuel, the thermochemical conversion into methanol and the biocatalytic or solar photocatalytic conversion of CO2 to fuels.

Air India Aims to Cut Wage Costs (Wall Street Journal, Jun 22)
State-run Air India said Monday it aims to reduce wage costs by up to 5 billion rupees ($104.1 million) a year. Air India - which incurred a net loss of more than 40 billion rupees in the financial year ended March 31 - is seeking a financial assistance of 39.81 billion rupees from the federal government in the form of equity and soft loans to expand its equity-capital base and fund operations.

International Contributors Editorial Board
Prashant Das - Co-Editor
Dr. Yu Xiao - USA
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