|
About Us
|
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
|
|
|
Events & Announcements
*****************************************
Competing With Emerging-Markets Multinationals
"The Case of CHINA"
Join our distinguished line up of speakers for an exciting and educational six-part monthly webinar series.
Registration
Date: Wednesday, April 21, 2010
Time: 11:45 AM - 12:45 PM (EST)
Space is limited.
Reserve your webinar seat now:
Register for the webinar
Emerging India Summit 2010
(Emory University | Mar 26)
As Emory's very first India-centric conference, EiS's theme is "Discover More". Throughout the day, EiS will play host to 18 Indian luminaries and experts on India. Through innovative and interactive events, the Summit will light on various facets of Indian society ranging from business to the humanities.
Ambassador Arun K. Singh, Professor Jagdish Sheth, Mr. Raju Narisetti, Managing Editor of the Washington Post, Mr. C.N. Madhusudan, CEO of VectorSpan Inc., Mr. Nooruddin Karsan, CEO of Kenexa, Mr. Steve Hardgrave from Gray Matters Capital and a host of other luminaries shall grace the Summit.
*****************************************
|
From Our Publications
*****************************************
Contemporary Trade Between Malaysia and Singapore
(JEKEM (Vol1 No.1)
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.
*****************************************
|
Quotes of the Issue
*****************************************
"China will go into places where other people fear to tread"
(Reuters - US | Mar 9)
-Mark Mobius, president of Templeton Emerging Markets
"Everything fell together in 2008 and now they're rising together in 2010,"
(CNBC | Mar 8)
-Adam Mesh, CEO of Mesh Trading Group (Good News for US Markets: Dollar, Stocks Move Together)
*****************************************
|
Case Studies
*****************************************
 The Bihar success story
(Merinews | Mar 4)
A state (in India) hitherto known only for its crime rate is now registering a GDP of 11.03%. There is development where there was only despair.
China: What the CCP Could Learn from Latin America
(World Political Review | Mar 19)
For a political system like that of China, which seems to be succeeding on its own terms, it is hard to envision the incentives that could get leaders to change course, short of heightened social tension or political instability. The CCP has demonstrated extraordinary durability and adaptability. It has managed to push through adaptive measures and reforms even in spite of structural rigidities, demonstrating a resilience that has proven critical to the economic success of the People's Republic of China.
*****************************************
|
Headlines
*****************************************
 Mexico's Slim becomes 'world's richest' person
(AP | Mar 11)
Mexican telecom tycoon Carlos Slim is the first man from a developing nation to become the world's richest person - a shift that underlines the loosening of America and Europe's stranglehold on the top spots in the billionaires' club. Slim's arrival at the top aroused both pride and anger in Mexico, where many see his fantastic wealth in a poverty-afflicted nation as a sign of what ails it.
 China rejects Barack Obama's call to change yuan policy
(BBC | Mar 12)
"...Currently, developing countries such as China and India export more to developed economies than they import. In China's case, this trend is supported by the low value of the yuan, which makes Chinese exports cheaper while rendering foreign imports more expensive.Freeing up the exchange rate would effectively raise the value of the yuan and benefit US exporters..."
 Worldwide arms trade flourishing despite recession, report warns
(The Guardian | Mar 15)
The US remains the world's top arms exporter, accounting for 30% of the total, followed by Russia (23%), Germany (11%), and France (8%). China was the world's biggest arms importer over the past five years, with 9% of the total, followed by India, South Korea, the UAE and Greece, traditionally a big weapons importer and now immersed in a serious economic crisis.
*****************************************
|
Capital Markets
*****************************************
 Good News for US Markets: Dollar, Stocks Move Together
(CNBC | Mar 8)
For much of the 2009 rally off the March lows the two entities had been in reverse lockstep. When the dollar would fall, stocks would rise and vice versa. That's because investors were using a currency that cost almost nothing to borrow to buy undervalued stocks, with a bias toward multinational and emerging markets. While it isn't much of a recipe for a strong economy, the combination helped lift stocks off their lows after the financial collapse and gave investors room to breathe as the economy recovered from its worst state since the Great Depression.
*****************************************
|
Environment | Climate Change
*****************************************
 World's first Green Assembly in Tamil Nadu
(NDTV | Mar 14)
Tamil Nadu (An Indian state)can now boast of the world's first Green legislative Assembly, which has also won a gold certification for its leadership in energy
and environmental design.
*****************************************
|
InfoComm | Technology
*****************************************
Infosys sees increase in outsourcing
(TOI | Mar 11)
IT major, Infosys Technologies, has witnessed an increase in outsourcing deals as all major markets are back on the recovery track, a top company official said. The recovery is led by the United States and other emerging markets such as India and China. The United States contributes 60% of the total business.
*****************************************
|
Logistics | Transportation
*****************************************
 Ford Launches Cheap Micro-Car For India
(Gas 2.0 | Mar 10)
Tiny cars make up most of the market in India as their tight, crowded streets make larger American cars difficult to maneuver (just like in much of Europe). Ford is pursuing a global platform strategy, and the Figo might one day - in some form or fashion - find its way to America
Airline Group, Citing Emerging Markets, Lowers Loss Forecast
(New York Times | Mar 11)
A leading airline trade group cut its forecast for industry losses this year in half on Thursday because of what it said was a stronger-than-expected economic recovery in emerging markets, especially in Asia and Latin America.
*****************************************
|
Education & Work Force Development
*****************************************
Microsoft, HP Stretch Education Budgets in Emerging Markets
(PC World | Mar 9)
Microsoft and Hewlett-Packard are helping schools in emerging markets stretch their computers budgets with a new system that's designed to increase student access to computers and help equip them with the computer literacy skills they will need to be competitive after they graduate.
*****************************************
|
Infrastructure | Real Estate
*****************************************
China tightens rules on land sales, raises payment ratio
(Market Watch | Mar 11)
China raised down payment requirements on land purchases to 50% of the plot's purchase price and prohibited land sales for certain kinds of luxury housing, as part of measures to address growing public anxiety over rising real estate prices, according to reports. Previously, developers had been required to front deposits of 20% to 30% of the minimum bid price for a land plot.
(Chinese) State firms told to exit real estate sector
(China Daily | Mar 19)
In a move to curb soaring property price, the State-assets watchdog on Thursday told major State-owned enterprises (SOEs) whose core business is not real estate to quit the market. With easier access to bank loans and buoyed by the $586 billion stimulus package unveiled in late 2008, the SOEs have set many records in land auction bids. Many believe the SOEs have pushed up land prices, which in turn sent house prices soaring.
*****************************************
|
Opinions
*****************************************
How to improve China's soft power?
(Peoples Daily Onine | Mar 11)
China's cultural influence index ranks 7th among 131 countries worldwide, behind the U.S., Germany, the U.K., France, Italy, and Spain. In 1990, China's cultural influence ranked 11th. In addition, China's cultural influence has risen from second to first in Asia, according to the "China Modernization Report 2009: Study of Cultural Modernization" released by the Chinese Academy of Sciences (CAS).
*****************************************
|
|
Sincerely,
ICA Institute
Please send your comments/suggestions to prashant.das@icainstitute.org
|
|
|
|
|
