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Vol1 No1 2009
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In This Issue
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WELCOME!...Jagdish Sheth
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Introduction...Ashok Roy
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Chinese Scientific Socialism in Global Perspective: Geopolitical Implications for Latin America and the United States...Robert A DeVillar
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China Rising in Latin America: More Opportunities than Challenges...Antonio Hsiang
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Beyond Sanitized Rhetoric, Stale Platitudes, and Historical Accident: A look between the Scylla and Charybdis of China's agriculture...Priya Roy
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China Healthcare ICT: Reinventing China's national healthcare system through electronic medical records, telecom networks and advanced IT services...Ken Zita
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Doing Business in China - A risk analysis...Karthik Jayaraman
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An Overview of Agrarian Economy in India...Amarnath Tripathi, A.R. Prasad
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International Venturing by IT Firms: A motive analysis...Sumati Varma
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Testing the Application of H-O Theorem to Contemporary Trade Between Malaysia and Singapore...Andrew Clarke, Kishore G. Kulkarni
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Emerging Markets - Need for a Taxonomy...Sudhanva Char
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Internationalizing the University: Theory, Practice, Organization and Execution...Barry J. Morris
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U.S. Student Teachers in Belize, China and Mexico: Patterns of Cultural, Professional, and Character Development...Robert A DeVillar, Binbin Jiang
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Excellence in Higher Education in India: Way Forward...A.K. Sen Gupta, Vikram Parekh
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WELCOME!
Jagdish Sheth
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I am very pleased that India, China, America (ICA) Institute has wisely
decided to start this new Journal of Emerging Knowledge for Emerging
Markets (JEKEM). Under the able leadership of Dr. Ashok Roy and its
first Editorial Review Board, the mission of the Journal is to
encourage scholarly research (both empirical and conceptual) on
emerging markets...
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Introduction
Ashok Roy
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Global interaction, a perennial phenomenon among human groups, is a
function of perceived need. The fact that Columbus' contact with the
New World was an accident does not discount the fact that he was
seeking a new trade route to Asia-and avoiding established ones. And,
this contact by that dark miracle of fate or chance altered the destiny
of men and nations. Similarly, the Silk Road, the greatest land route
on earth, traces trade, travel and ideas. Travel and trade, in turn,
generate contact with groups beyond one's particular culture-which, by
itself, is a tumultuous journey into the unknown as mysterious,
unsettling, and fraught with danger and uncertainty as any physical
voyage of discovery. The cost, real or prospective, of innovation is
therefore high, as is the risk. The other side of the same coin is, of
course, the perceived benefit derived from successfully navigating
uncharted geographic and cultural terrains. And, as evinced innumerable
times throughout human history, the benefit to one group may come at
the expense of another. Travel, trade and contact, in a very real, very
human sense, can change the definition of what is perceived as global,
as benefit, and as human. No matter how good we become, we always want
to be better as thinking is our most important skill.
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Chinese Scientific Socialism in Global Perspective: Geopolitical Implications for Latin America and the United States Robert A DeVillar
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Western media tends to analyze the phrase "Socialism with Chinese
characteristics" and its development manifestations along a continuum
of capitalism, authoritarian or state to liberal, rather than analyzing
the phenomenon and its parts from a socialist-communist model. A myopic
analytical perspective fails to capture potentially new forms emanating
from the scientific socialist prism and their local-to-global impact.
This paper examines the term socialism within distinct historical
contexts and the term's associated semantic shifts to situate it within
the contemporary Chinese context and practice, particularly related to
foreign policy. The conditions associated with hegemonic shift or
dilution are also examined in relationship to China's policies and
presence in Latin America.
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China Rising in Latin America: More Opportunities than Challenges
Antonio Hsiang
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Relations between the People's Republic of China and Latin America are
characterized more by expanding trade flows and business connections
than by establishing traditional political or military ties. China's
emergence in the region is peaceful and constructive. China's rise in
Latin America provides more opportunities than challenges for both
Latin American and the United States, because First, China behaves
as a "responsible stake-holder" in Latin America. Compared with
Russia's "security and military-technical cooperation" with Latin
American, China's engagements have been more constructive. Indeed,
China's purchase of commodity has been the main factor for Latin
America's economic growth in the last
decade.
Second, China offers an alternative model for Latin American
economic development. Beijing's emergence has prompted many Latin
American countries to reexamine whether the Washington Consensus is
truly viable for them. As China becomes a member of Inter-American
Development Bank, Beijing can contribute even more to Latin America's
development. Third, Latin America
serves as a valuable proving ground for a "diplomatic truce" between
China and Taiwan. Gestures such as allowing Taiwan's former
vice-President to attend the APEC 2008 meeting in Peru shows that China
is less interested in "isolating" Taiwan in the region than
establishing a workable equilibrium to promote security. The more
stable the relation between Beijing and Taipei maintains, the more
economic opportunity provides to Latin America and the United States.
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Beyond Sanitized Rhetoric, Stale Platitudes, and Historical
Accident: A look between the Scylla and Charybdis of China's agriculture
Priya Roy
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Much like Nabokov's prose, China's agricultural scene conceals more
than it reveals. In most countries, including China, the road to
agricultural development is lettered with sanitized rhetoric, stale
platitudes, broken promises and failed strategies. The starting point
in economics is the economic man --- a mechanistic homunculus with
fixed patterns of attitudes and tastes. For each country, the
trajectory of development in agriculture that emerges is a species of
historical accident. Almost by definition, in China as in other
developing countries, the agriculture sector is often the least
integrated regionally and where the overlap of regions is most often
complete.
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China Healthcare ICT: Reinventing China's national healthcare system
through electronic medical records, telecom networks and advanced IT
services
Ken Zita
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In January 2009 China announced a RMB 850 billion ($124 billion)
stimulus package over three years to fundamentally reshape the nation's
healthcare sector. A key element of the plan is to modernize healthcare
services with digital hospitalization, electronic medical records, and
next-generation information networks. The goal is to dramatically
improve healthcare service quality and, importantly, to enable virtual
healthcare services that can overcome service disparities between rich
areas and poor. But the lack of technical standardization complicates
take-up and adoption of unified e-healthcare solutions. The stakes are
high for the government and for international technology companies
seeking position in this large and fast-moving market.
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Doing Business in China - A risk analysis
Karthik Jayaraman
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The aim of this research is to
describe the various challenges faced by western companies that plan to
do business in China. In specific this document aims to explore (I) The challenges for a Western company that wishes to outsource production to China, (II) The challenges for western companies that plan to sell their products in the Chinese market and (III) The key differences and similarities in the above mentioned scenarios.
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An Overview of Agrarian Economy in India
Amarnath Tripathi, A.R. Prasad
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This paper evaluates performance and progress of Indian Agriculture
since Independence. In addition, this paper also analyzes sources of
agricultural growth and determinants of agricultural production. We use
the decomposition test to analyze sources of agricultural growth and
the production function approach to analyze determinants of
agricultural production over the period 1950/51 through 2005/06. The
study indicates that there is scope to increase both net sown area and
gross sown area. The decomposition analysis indicates that rising
output per hectare is the predominant source of agricultural growth for
most of the crops and crop groups. The estimation of aggregate
agricultural production function with both intercept and slope dummy
indicates that land significantly affected the agricultural output
growth during 1950/51-1964/65 and after that land became less
significant and now labour and capital are significantly affecting the
agricultural output growth.
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International Venturing by IT Firms: A motive analysis
Sumati Varma
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This paper examines the motives underlying recent cross border M&A
activity undertaken by Indian IT firms during 2000 -2006. It
hypothesizes that overseas acquisition is the IT firm�s response to a
dynamic competitive landscape in which it simultaneously leveraged
existing capabilities to capture new markets and acquired new
capabilities through strategic asset and product seeking acquisitions.
The study uses secondary firm level data to undertake a content
analysis of public information establishing the multiplicity, diversity
and dynamic nature of M&A motives. The study establishes the
multiplicity, diversity and dynamic nature of M&A motives,
establishing that they are simultaneously asset seeking and asset
augmenting.
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Testing the Application of H-O Theorem to Contemporary Trade Between Malaysia and Singapore
Andrew Clarke, Kishore G. Kulkarni
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Since members of the Association of Southeast Asian Nations
(ASEAN) signed the ASEAN Free Trade Area agreement in 1992, trade
between Singapore and Malaysia has continued to grow. Historically the
economies of these two countries have had different characteristics,
however, with Singapore known as a capital abundant country and a world
financial center, while Malaysia has traditionally been relatively
labor abundant and capital scarce. Because of this sharp contrast in
their economies, one would expect that testing the Heckscher-Ohlin
Theorem using trade data between Singapore and Malaysia would provide
stark evidence of the H-O Theorem. That is to say that rather than find
an exceptional case, as some past studies have done, this paper has
attempted to find a country pair that seems to most closely resemble an
idealized trade environment for the H-O Theorem. Thus, should a test
find that the key hypotheses of the theory�namely that capital abundant
countries export capital intensive goods, and �labor abundant countries
export labor intensive goods�are not evidenced in the data, then a
serious re-evaluation of the theory may be necessary. The paper
will first review past tests of the Heckscher-Ohlin Theorem to
determine what relevant studies have been done to date. Following that,
export data will be reviewed for several different sectors, dividing
them up as either capital intensive or labor intensive. What we would
expect is that Singapore is exporting capital intensive goods to
Malaysia, and Malaysia is exporting labor intensive goods to Singapore.
Further, labor intensive exports will be analyzed as a proportion of
capital intensive exports to determine how the labor/capital export
ratio compares to the labor/capital abundance ratio for each country.
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Emerging Markets - Need for a Taxonomy
Sudhanva Char
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The main objective of this brief note is to delineate the relatively
new concept of "emerging markets" and outline its ramifications. In
order to enable the subject area to sort itself out, there is a
pressing need for a taxonomy of emerging markets, demarcating the
peripheries that would help specialization in this important area. This
paper also attempts to identify significant contributions already made
to this new topic. Further research endeavor would enable the stringing
together of such a not very homogeneous set of inputs into a coherent
emerging market theme that is also epistemologically sound.
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Internationalizing the University: Theory, Practice, Organization and Execution
Barry J. Morris
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Leading universities around the globe have begun to internationalize
their campuses. This effort is being driven by historic political and
economic changes, changes in the academic and nonacademic environment,
and by the strategic imperative for universities to remain at the
forefront of its teaching, research and service missions. Universities
are being asked to help meet major international challenges, to educate
students in their disciplines with a sense of global competence and
engagement, and to contribute to local and national economic
competiveness. Faculty members must not only remain current in their
disciplines globally but must also be aware of developments in key
related disciplines since the nature of knowledge and the problems
facing humanity are cross-disciplinary and global. How can leaders
understand and manage these demands?
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U.S. Student Teachers in Belize, China and Mexico: Patterns of Cultural, Professional, and Character Development
Robert A DeVillar, Binbin Jiang
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The United States mainstream populace has been notably deficient in its
exposure, sensitivity and understanding relative to cultures, languages
and people it considers different, whether within or outside its
national borders. This general deficiency extends to the professional
realm, and includes U.S. teachers, who, as adults and as a group,
engage with students in a long-term, planned, structural and
developmental manner that exceeds by far that of any other adult group.
Teachers, therefore, have a critical responsibility with respect to
accumulating and effectively expressing knowledge, skills and
dispositions that will inform whom, what and how they teach in their
classrooms, across the panoply of courses offered throughout the
preK-12 curriculum. This requirement imperative is especially salient
as student diversity continues its accelerated trajectory to become the
norm in U.S. schools. Thus, future teachers must be comprehensively
prepared to work with the increasingly diverse student population
through application of informed instruction that enhances general and
individual student learning and outcomes. Teacher Education programs
increasingly promote student teaching in international settings as a
substantive step in serving to develop teachers who embody these new
competencies and instructional practices. This paper presentation
offers a framework and analysis highlighting similarities and
differences among three student teaching abroad settings, Belize,
Mexico and China, associated with a state university in the
southeastern United States. Findings relate to cultural, professional
and character development influences on participating student teachers
and the overall development patterns associated with the particular
country contexts, singly and comparatively.
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Excellence in Higher Education in India: Way Forward
A.K. Sen Gupta, Vikram Parekh
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Indian higher education is at cross roads. Since independence India has
seen proliferation in terms of number of institutes of higher learning.
Unfortunately, this growth has often been accompanied with compromising
quality. Besides internal management issues, the external regulation
has also focused on inputs rather than process or output. Resultantly
Indian higher education has lost its way in terms of creating new
frontiers of knowledge. The emerging global competition &
commitment under GATS is likely to make the situation further complex.
It is high time the policy makers look seriously into all contours of
quality of institutes of higher learning.
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Editorial Team |
Editor-in-Chief
Ashok Roy, Kennesaw State University
Managing Editor
L. Roxanne Russell, India, China & America Institute
Editorial Board
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Mark D. Whitaker, Ewha Womans University in Seoul, Korea
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Larry L Palmer, The Inter-American Foundation
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Ilan Alon, Rollins College
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Wen-Jang Kenny Jih, Middle Tennessee State University
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Yogesh C. Joshi, Sardar Patel University, India
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Heeman Kim, Kennesaw State University
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Hanchao Lu, Georgia Institute of Technology
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Barry J. Morris, Kennesaw State University
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Michael W. Mulnix, Antioch University Santa Barbara
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Penelope B. Prime, Mercer University
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Li Qi, Agnes Scott College
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Amir Shoham, The College of Management, Israel
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Dragon Tang, The University of Hong Kong, Hong Kong
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Bhoendradatt Tewarie, University of the West Indies, Trinidad & Tobago
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Rosa Nelly Trevinyo-Rodriguez, Monterrey Tech, Mexico
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Fei-ling Wang, Georgia Institute of Technology
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Guo-Hua Wang, Emory University
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Shu-chin Wu, Agnes Scott College
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Zhu Ye, Shanghai International Studies University, China
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Binbin Jiang, Kennesaw State University
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Aloysius Jesurajan, Xavier Labor Relations Institute, India
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Patrick Hurley, University of Laval, Canada
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Pablo Beltran, Universidad San Francisco de Quito, Ecuador
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Timothy Blumentritt, Kennesaw State University
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Leila Borders, Kennesaw State University
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Arundhati Sarkar Bose, Xavier Labor Relations Institute, India
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Wade M. Danis, Georgia State University
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R S Deshpande, Institute for Social & Economic Change, India
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Robert A DeVillar, Kennesaw State University, United States
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Pami Dua, Delhi School of Economics, India
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Andrew I.E. Ewoh, Kennesaw State University
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Satya J. Gabriel, Mount Holyoke College
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May H. Gao, Kennesaw State University
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Baogang Guo, Dalton State College
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Maia C. Hallward, Kennesaw State University, United States
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Govind Hariharan, Kennesaw State University, United States
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Marilyn M. Helms, Dalton State College, United States
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Haifeng Huang, Beijing University of Technology, China
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Guichun Zong, Kennesaw State University
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About JEKEM
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Welcome to the India, China & America Institute's Working Papers Journal, Journal of Emerging Knowledge on Emerging Markets.
This journal provides a forum for the exchange of ideas and shared
learning experiences among policy makers, scholars and practitioners on
the global economic impact of emerging markets. information that you may have hosted on your website
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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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The India, China & America Institute's Working Papers Journal,
Journal of Emerging Knowledge on Emerging Markets, provides 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.
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