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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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Headlines
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Indian PM Manmohan Singh meets Barack Obama for talks
(BBC News | Nov 23)
...American companies are demanding that India open up its foreign investment cap in sectors such as education, technology and defence from 29% to 49%. Last year, an estimated $10.5bn (£6.3bn) was invested by Indian companies in the US which helped to create an additional 65,000 jobs.
Obama's exposure is limited as China's status rises a notch
(Global Arab Network | Nov 22)
On respective rebalancing of economic development, China and the US have made it clear that China would adjust its economic structure and raise family income, increasing the contribution of domestic consumption to its economic output. For the US part, Obama committed to increasing private saving to advance sustainable development. A year after the financial crisis shook the world, both tacitly admit that their economic modality has to be transformed.
China 2009 Gold Demand, Output May Gain to Records, Group Says
(Bloomberg | Nov 29)
China, the world's largest gold producer, may break records for both demand and output this year as jewelry consumption soars and miners expand production after prices reached all-time highs, according to the China Gold Association.
The gloves go on
(Financial Express | Nov 30)
At the recent food summit in Rome, President Luiz Inácio Lula da Silva donned a pair of bright-red boxing gloves labelled "Hunger Free" and waved to the cameras. They were his prize-if that is the right term-for Brazil's success in topping a league table drawn up by ActionAid, a British charity, of countries that have done most to reduce hunger*.
Davos in Delhi: how India figures in the global agenda
(INSEAD Knowledge | Nov 24)
The global economic recovery is for real and is being led by emerging countries such as India. That was one of the two key messages from the recently-held India Economic Summit here, jointly hosted by the World Economic Forum (WEF) and the Confederation of Indian Industry (CII).
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Policy | Politics
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The making of the president's foreign policy
(The Economist | Nov 26)
And yet by historical standards relations between Mr Obama's foreign-policy principals have looked harmonious enough given the risks he ran when he appointed a former presidential rival as secretary of state and kept on Robert Gates, Mr Bush's man, as secretary of defence.
Obama welcomes Singh, hails India's 'leadership role' in Asia
(Washington Post | Nov 25)
President Obama welcomed Prime Minister Manmohan Singh, who is in Washington for the first state visit under the Obama administration, and moved to calm India's concerns that the United States is neglecting the Asian power as it seeks closer ties with China and Pakistan, India's competitors.
Ahmadinejad strengthens ties with Latin America
(The National | Nov 29)
As Iran's president embarked on a tour of Latin America and Africa promoting economic and political ties with the Islamic republic, Michael Theodoulou noted in The National: "Mr Ahmadinejad's five-day foreign excursion is also intended to show that he enjoys legitimacy in countries far nearer to Washington than Tehran. Before the June elections, he crowed: 'When western countries were trying to isolate Iran, we went to the US backyard.'"
Building The U.S. - China Relationship
(VOA | Nov 24)
With regard to the economy, the U.S. and China agreed to pursue a strategy of growth where America saves more, spends less and reduces its long-term debt, and where China makes policy adjustments to rebalance its economy and spur domestic demand.
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Money & Capital Markets
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Emerging Market IPO Returns Rout Developed Nations' New Shares
(Bloomberg | Nov 29)
Initial public offerings in emerging nations are returning about 15 times more than IPOs in developed countries even as companies from China to Brazil flood the market with more shares than ever.
Dubai debt meltdown -- another financial crisis?
(Xinhua | Nov 29)
Amid fears that Dubai World could delay its massive debt payments and shock waves around the world's already brittle stock markets, the world leaders played down the troubles and showed their confidence in global economy.
China Asks Its Banks to Slow Down
(New York Times | Nov 23)
Chinese banking regulators are putting pressure on the country's banks to raise more capital and temper their rapid growth in lending, in the clearest signs yet of official concern about the sustainability of the nation's credit boom, senior Chinese bankers said Monday.
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Environment | Climate Change
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America, China and climate change
(The Economist | Nov 19)
EXPECTATIONS for the Copenhagen climate conference, to be held next month in the Danish capital, rise and fall. On November 15th, as Barack Obama toured Asia, he and the Danish prime minister, Lars Lokke Rasmussen, agreed that no agreement on a new treaty would be reached at the conference. Instead, they said that the best that can now be expected is a "political" deal out of the Copenhagen meeting, which begins on December 7th.
India offers to cut carbon intensity by 20-25%
(Times of India | Nov 28)
On November 27, India dramatically announced that it could consider voluntarily reducing its carbon intensity by 20-25% on a purely domestic level.
This represents a big leap on the measures announced so far by the government to cut emissions, and will extend to the entire economy rather than be restricted to specific sectors as is the case now.
Climate-change talks
(The Economist | Nov 26)
Wen Jiabao, China's prime minister, said that he would also go to Copenhagen at the same time that China announced that it would take to the meeting a commitment to cut the amount of carbon dioxide emitted for each unit of GDP by up to 45% by 2020, compared to 2005 levels. However China's rapid pace of economic growth means that its overall carbon emissions will continue to grow for some years.
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InfoComm | Technology
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3G in India & China to boost wireless broadband worldwide
(Economic Times | Nov 20)
The launch of 3G in China and India by the likes of China Mobile and Bharti Airtel could boost wireless broadband worldwide, sparking a boom in new offerings as millions of users sign up for services.
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Industry | Manufacturing
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Counterfeit handsets proliferate in China
(The Economist | Nov 19)
The explanation lies in China's huge "grey" market for handsets, which includes some genuine phones imported without the manufacturer's blessing but is mainly comprised of knock-offs. The iPhones at Xujiahui fall into the former category; those at the trade fair into the latter. Illicit phones comprise a staggering 40% of Chinese firms' production, and 13% of the world's, according to iSuppli, a research firm.
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Infrastructure | Real Estate
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China should stop property stimulus now -c.bank paper
(Forbes | Nov 23)
China should immediately halt some of its real estate stimulus policies, or risk inflating a bubble that in its bursting would wreak financial and even social trouble, a central bank newspaper said on Monday.
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Education | Work Force
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China, India powerhouses for growth: Zhang Yan
(The Hindu | Nov 29)
The cooperation between China and India in education is of strategic importance in the context of the two countries being the main powerhouses for the growth of Asia, and the source of power coming from young generations vested with quality education, said Zhang Yan, Chinese Ambassador to India.
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Opinions
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Three Key Lessons from Obama's China Tour
(Time CNN | Nov 21)
President Obama's trip to China yielded precious little Chinese cooperation on the Administration's key concerns, ranging from currency issues to Iran. That's a sign of the shifting balance of power between two countries that have been locked in an uneasy embrace for more than three decades. Read more: http://www.time.com/time/world/article/0,8599,1941684,00.html#ixzz0Xgqdt9Ur
Growing, Yes, but India Has Reasons to Worry
(New York Times | Nov 28)
For all the talk of a new era of Indo-American collaboration, Americans tend to view India through the narrow prisms of two shared concerns - a battle against Islamic extremists, and the benefits of international trade.
Foreign Policy: Playing Our Cards Right With India
(NPR | Nov 25)
Manmohan Singh's summit with President Obama, scheduled in part to offset the president's unfortunate decision not to visit India on his first Asian tour, has been plagued by disappointment in Delhi. India does not enjoy the pride of place in America's foreign policy agenda granted it by President Bush and even by President Clinton in the last years of his administration. Why not?
Where the BRICs Stand Today
(Desicritics | Nov 29)
...subjective opinion of how far each country has moved up the ladder of progress and influence in the world.
India - Asia's other emerging economic giant
(The Gleaner | Nov 29)
Today, India, like the other new Asian economic dynamo, China, not only has huge foreign reserves running at more than US$280 billion (the fifth largest), but is recovering robustly from the global recession. And from all accounts
, it could soon see faster growth in investment and output than before the crisis.
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Sincerely,
ICA Institute
Please send your comments/suggestions to prashant.das@icainstitute.org
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