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About Us
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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.
www.icainstitute.org
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Events | Announcements
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Inaugural edition of the Journal of Emerging Knowledge on Emerging Markets (JEKEM)
(ICA Institute | Nov 7)
We are delighted to share with you the inaugural edition of the Journal of Emerging Knowledge on Emerging Markets (JEKEM). JEKEM is global by design and provides an excellent opportunity for specialists within the academic and business communities to share cutting-edge research and thought in diverse areas of emerging markets. Within its electronic covers, this issue of JEKEM offers an eclectic mix of 12 articles, by contributors from around the world, whose expertise ranges from area studies to economic development, from education to contemporary issues.
Understanding India -- Answering Life's Deep Questions!
(India-US World Affairs Institute, Inc. | Dec 9)
Event: Understanding India -- Answering Life's Deep Questions!
Where: University of California D.C. Center, Washington D.C.
Date/Time: December 9, 2009; 6:00 p.m. - 9:00 p.m.
Speaker: Professor Mark Muesse, Rhodes College
IJEB International Conference
(IJEB | Dec 19)
19 to 21 DECEMBER 2009
at Hotel Hans, 15 Barakhamba Road New Delhi, India
Expected Participants: Academicians, educational administrators, business researchers, business leaders, faculty members and professional economists
Discussion Transcripts from: East Asia and Pacific Update
(The World Bank | Nov 12 2009)
The economic rebound in East Asia and the Pacific has been surprisingly
swift and very welcome, but take China out of the equation and the
regional picture is less rosy, says the World Bank's half-yearly
assessment of the economic health of the East Asia and Pacific region.
The report is available at http://www.worldbank.org/eapupdate.
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Books
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 Chinese Diplomacy Since 1949: an Overview
(Beijing Review | Nov 7)
Published in September by the China Social Sciences Press, this book is the second volume of a series, Chinese Diplomatic Studies. It not only analyzes the evolution of Chinese diplomacy over the past 60 years but also predicts what the future will hold.
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Headlines
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Tension grows between China and India as Asia slips into cold war
(Times Online | Nov 12)
Relations were cordial for the first decade after India's independence in 1947, and the founding of communist China in 1949. They quickly deteriorated, however, when the Dalai Lama escaped from Tibet in 1959 and was granted refuge in India. China then humiliated India in 1962 when its troops briefly occupied the northeastern state of Arunachal Pradesh and seized the region of Aksai Chin. Beijing also began to provide aid and weapons to Pakistan - India's rival.
Mumbai, Delhi to join world's richest cities list
(The Economic Times | Nov 9)
India's financial hub Mumbai and political capital Delhi are likely to witness a significant jump in economic growth along with other emerging markets and make it to the league of the world's wealthiest cities by 2025, a report says.
China recovery accelerates in October
(Financial Times | Nov 11)
China's economic recovery accelerated in October with industrial output increasing at the fastest rate since March of last year while retail sales also grew strongly. However, the Chinese central bank said that the rate of new lending declined last month, a possible indication that the government is beginning to slow the aggressive monetary stimulus it has injected into the economy this year.
Govt to continue fiscal stimulus: FM
(Financial Express | Nov 10)
Finance Minister Pranab Mukherjee said the government will continue to provide fiscal stimulus to boost domestic demand until robust recovery is seen in the developed economies.
 China-Thailand economic & trade co-op meeting held
(Xinhua | Nov 10)
The 2009 China (Guangdong)-Thailand economic and trade cooperation meeting opened in Bangkok, capital of Thailand, on Nov. 10, 2009. The meeting aims to urge China, especially south China's Guangdong Province, to cooprerate with Thailand in economy, trade and tourism.
No more stimulus packages: Mukherjee
(ICA Institute | Nov 9)
Citing the urgent need to cut India's fiscal and revenue deficits, Finance Minister Pranab Mukherjee on Sunday ruled out any further special packages to stimulate the Indian economy. But, he added, the timing of its exit from the stimulus strategy will be of India's choosing -- to be determined on considerations of world economic output and growth rate -- rather than any globally synchronised "date-specific" criteria.
India's gold purchase
(The Economist | Nov 5)
...India is the largest repository of gold in the world, according to the World Gold Council. Many Indians see gold as an investment as well as an adornment. India's post office sells 24-carat gold coins, as small as 0.5 grams, to savers wary of fiat currencies or mutual funds. The latest big investor in the metal is the Reserve Bank of India (RBI). On November 3rd the central bank said it had bought 200 tonnes of gold from the IMF, a purchase that would have cost about $6.7 billion. The news pushed the price past $1,090 an ounce for the first time.
Wal-Mart chief knocks at PM's door (India)
(ET | Nov 6)
S Robson Walton, chairman of Wal-Mart Stores, met Prime Minister Manmohan Singh in New Delhi on Wednesday, in what is seen as an effort by the world's second-largest company to press its demand for permission to invest in multi-brand retail.
Mumbai, Delhi to join world's richest cities list
(The Economic Times | Nov 9)
India's financial hub Mumbai and political capital Delhi are likely to witness a significant jump in economic growth along with other emerging markets and make it to the league of the world's wealthiest cities by 2025, a report says.
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Policy | Politics
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India Bars Foreign Media from Border State During Dalai Lama Visit
(VOA | Nov 6)
India's central government has informed foreign correspondents they will not be permitted to enter the northeastern state of Arunachal Pradesh while the Dalai Lama is there. The Tibetan spiritual leader begins a five-day visit to a border-area monastery in the state on Sunday.
China says India has forgotten lessons of 1962 war
(SIfy | Nov 9)
"India may have forgotten the lesson of 1962, when its repeated provocation resulted in military clashes warning. India is on this wrong track again...When the conflict gets sharper and sharper, the Chinese government will have to face it and solve it in a way India has designed,"...-Hu Shisheng
"..."The Dalai Lama is free to travel anywhere in India... I have not heard the suggestion comes from us as we do not deal with the spiritual travels of spiritual leaders. He has to visit his flock as he sees fit,"..."-Shashi Tharoor
Both sides blame America for worsening relations between India and China
(Times Online | Nov 12)
China will have drawn hope from Mr Obama's attitudes to India. Relations are warm, but have not reached the level nurtured by George Bush. Mr Obama has made clear his view that China is among the most important relations for the US.
Activists Urge President Obama To Question China's One Child Policy
(Turkish Weekly | Nov 12)
Implemented three decades ago as a way to hold down China's exploding population growth, China's one-child policy is an issue that drives members of Congress, human rights groups, and other critics of Chinese policies to anger.
Problems to partnership: a plan for Australia-India strategic ties
(Lowy Institute, Sydney, Australia | Nov 10)
In this Lowy Institute Policy Brief, Rory Medcalf, Program Director International Security, argues that Australia and India must not squander the chance to build a strategic partnership. Recent bilateral difficulties, such as over student welfare, have at least focused high-level attention on the relationship. A security declaration would be a positive step, but would need to be more than rhetoric, and include practical ideas for defence, intelligence and diplomatic cooperation to meet common challenges. Meanwhile the uranium export question has not gone away.
Let's get closer, Australian PM tells India
(The Australian | Nov 13)
Australian Prime Minister Kevin Rudd has outlined plans to deepen military links with India, noting its increasing naval strength and economic power will give it greater power to influence global security.
In a major foreign policy speech in New Delhi last night, the Prime Minister said Australia wanted to use its status as a middle power to help ensure the emerging economic giant would be properly integrated into the global community through closer links between them.
But Mr Rudd moderated his pitch for greater contact with a flat refusal to reconsider his opposition to sell uranium to India unless it signed the Nuclear Non-Proliferation Treaty.
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Money & Capital Markets
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The Corporate Stampede to Developing Nations
(The Globalist | Nov 12)
Of the $1.1 trillion U.S. firms have invested overseas this decade, nearly 70% has been directed to the developed markets. U.S. investment in Ireland since the start of this decade is nearly 50% greater than combined U.S. investment in Brazil, Russia, India and China - the fabled BRIC nations.
Big Risks in China's Yuan Policy
(New York Times | Nov 9)
As was the case with the United States, the overarching risk for China is that it keeps policy too loose for too long. Yet Finance Minister Xie Xuren again signaled over the weekend that China was in no hurry to shift gears.
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InfoComm | Technology
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Will Amazon's Kindle Succeed in India?
(Knowledge@Wharton | Nov 5)
Before last month's India launch of the Kindle, the e-book reader from Amazon, local media gave it top billing. It didn't evoke as much attention as the iPhone when that came to the country in August 2008, but there were still plenty of favorable reviews.
Taiwan President Bullish On WiMax
(Forbes | Nov 3)
TAIPEI, TAIWAN -- Visit Hsinchu, home to Taiwan's oldest and largest science park, and you're likely to hear a lot about Apple's iPhone. As the park's employees proudly note, the trendy handset is 100% "M.I.T." or "Made In Taiwan", boasting hardware from Taiwanese contract manufacturer Foxconn and a touch-screen from local panel makers AU Optronics and Wintek.
We're lot more than a search company: Carol Ann Bartz
(The Economic Times | Nov 12)
NEW DELHI: I was raised as a pretty poor farm girl in Wisconsin and always thought of upgrading myself. So I over-achieved! I was lucky..." A characteristically short bio from Carol Ann Bartz, the feisty chief executive of the $7.2 billion internet company Yahoo! and editor of ET's Emerging Business and IT page today. But there's more to the lady than her reputedly colourful language and distinct management style that has roused the veteran internet company from its supposed stupor.
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Entertainment
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Disney gets nod for Shanghai theme park
(Financial Express | Nov 4)
Media and entertainment major Walt Disney Company on Wednesday said it has received approval from the central government of China for building a theme park in Shanghai.
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Industry | Manufacturing
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Chinese CEO invests in Detroit area
(Freep.com | Nov 8)
Tempo Group, which has operations in Canton, partnered with the Chinese government and China's Capital Iron & Steel Co. to purchase Delphi's brake and transmission business in a deal valued at nearly $100 million.
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Logistics | Transportation
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Air fares likely to go up in India and China next year
(Inydia Toda | Nov 9)
According to American Express Business Travel Forecast report, it will cost you more to fly anywhere in India and China in the coming year, and the price of hotel accommodation is also set to go up.
Buffett's bet to keep jobs in America
(CNN Money | Nov 4)
"If you buy a railroad, you can't move it to China or to India or anyplace else. You are betting on the United States. I can't think of a surer bet." - Warren Buffett, explaining Berkshire Hathaway's (BRKB) $44 billion buyout of Burlington Northern Santa Fe (BNI).
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Education | Work Force
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India's space ambitions taking off
(Washington Post | Nov 4)
Through community-based programs, India's space agency has been partnering with schools in remote areas such as this one, helping to teach students about space exploration and cutting-edge technology. The agency is also training thousands of young scientists and, in 2012, will open the nation's first astronaut-training center in the southern city of Bangalore.
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Opinions
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What Does It Mean When Buffet Buys Railways And India Buys Gold?
(iStockAnalyst | Nov 5)
This week's economic news was dominated by two large transactions. Warren Buffet announced that Berkshire Hathaway will be purchasing Burlington Northern Santa Fe Corporation (BNSF) for $34 billion dollars. Within the same 24 hour span, the Reserve Bank of India bought $6.7 billion worth of gold from the IMF, pushing up the price of gold even further.
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Sincerely,
ICA Institute
Please send your comments/suggestions to prashant.das@icainstitute.org
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