|
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
|
|
|
Headlines
MNCs in Rural India: At a Turning Point
(Knowledge@Wharton | May 6)
it is impossible to discuss multinational strategies in rural India without mentioning CSR. In its various forms, it is a critical part of their rural growth plans, often out of sheer necessity. Filling the gaps left by government, MNCs have built roads in rural India that help them deliver their goods, provided education and health care for communities whose workforces they rely upon, and implemented environmental programs to protect precious natural resources needed to keep supply chains running smoothly.
Brand New Success for China's
Firms
(The Hindu | May 10)
Major Western brands are unlikely to be able to bestride the globe in the same way they have done over the past 100 years or more. Many of the new brands of the future are as likely to come from emerging markets such as China, Brazil, Russia and India as from current developed markets. According to the recent Brandz Top 100 Most Valuable Global Brands 2010 survey, produced by global market research and consulting firm Millward Brown, 13 of the world's leading 100 brands are from emerging countries, compared with just one four years ago when the survey was first
Mirror opposites, China and India M&A may converge
(Reuters | May 3)
If overseas M&A from Asia's two rising giants is defined by China flexing its might to snap up natural resources while India's dynamic entrepreneurs buy control of operating firms, the distinction is likely to blur.
Wal-Mart steps up India rollout, hopes rules ease
(Economic Times | May 12)
Wal-Mart Stores Inc, the world's biggest retailer, will accelerate its rollout of wholesale stores in India, a crucial growth market that has long frustrated overseas operators with restrictive rules.
India Inc steps up hiring activity, job index rises 7 p.c.
(The Hindu | May 12)
Riding on improving business confidence, Corporate India's online hiring activity rose for the fifth month in a row, leading recruitment services provider Monster India said. With this, the online employment availability in healthcare, bio technology, life science and pharmaceuticals witnessed its largest monthly rise. Overall, job opportunities rose in 18 of the 27 industry sectors tracked in the survey.
Financial markets have been shaking it all about so far this year
(The Economist | May 13)
European economies have been disappointing (first-quarter GDP growth was just 0.2% in the euro zone). Wall Street has become more jittery thanks to the SEC's fraud charges against Goldman Sachs and the likely shape of the financial-reform bill. And there are worries about how the steady tightening of Chinese monetary policy will affect the world's fastest-growing big economy.
MNCs in Rural India: At a Turning Point
(Knowledge@Wharton | May 6)
it is impossible to discuss multinational strategies in rural India without mentioning CSR. In its various forms, it is a critical part of their rural growth plans, often out of sheer necessity. Filling the gaps left by government, MNCs have built roads in rural India that help them deliver their goods, provided education and health care for communities whose workforces they rely upon, and implemented environmental programs to protect precious natural resources needed to keep supply chains running smoothly.
*****************************************
|
Policy | Politics
*****************************************
America's Superiority Complex
(NPR | May 16)
...the countries that have done the most to try to manage global politics over the past several centuries are going to be doing a lot less of that sort of activity in the decades to come. In some ways, this could be a good thing, because some Western meddling was misguided and harmful and it would be better if other countries started taking more responsibility for their own affairs. But it also means that some areas of the world are going to get messier, and in ways that could still affect us all directly...China is the poster child for this trend, and its rapid rise is mostly due to Beijing have finally cast off the failed policies of the past century or so. Similar trends are evident in India, albeit more slowly, and in other Asian countries too.
India "saved" China from isolation at Copenhagen: Jairam
(The Hindu | May 10)
China would have been left completely isolated at last December's climate summit in Copenhagen, if it had not been for India's backing, Minister of State for Environment and Forests Jairam Ramesh has said. Recognition from China's "top leadership" that Indian support was "absolutely essential" for China at the talks, following an "ambush" by the West, had now even led to an improvement in bilateral relations after a year of hostilities, Mr. Ramesh told journalists on Sunday.
*****************************************
|
Capital Markets
*****************************************
Chinese media outlets look set to make IPOs
(China Daily | May 10)
Ten Chinese websites are to be listed in the domestic A-share stock market, according to media reports, with Shanghai-based eastday.com hoping to become the first to launch initial public offerings (IPO), analysts said. They include websites of China's State broadcaster China Central Television, Xinhua News Agency, People's Daily, Beijing-based qianlong.com, Tianjin-based enorth.com.cn, Shandong-based dzwww.com, Shanghai-based eastday.com and other local online news websites, Shanghai Securities News reported on Sunday, citing an anonymous source.
Financial markets have been shaking it all about so far this year
(The Economist | May 13)
China bought $50 billion of notes the fund issued last year; Brazil, Russia and India each bought $10 billion. But some of these countries are miffed that the fund did not consult them before rushing to the rescue of the euro area. Emerging Asian economies have bitter memories of the harsh conditions the IMF imposed on them during the Asian crisis; they are concerned about the fund making a huge commitment of resources without clearly setting out what potential borrowers would have to do to get the money.
*****************************************
|
Environment | Climate Change
*****************************************
Japan to develop green cities for India
(Financial Times | May 10)
Japan is to build three green cities in India to help Asia's third-largest economy industrialise and raise urban planning standards. Hitachi, Mitsubishi and Toshiba are using Japanese cities as models for the project along a $90bn Japanese-funded industrial corridor between Delhi, the capital, and Mumbai, the financial centre.
*****************************************
|
Industry | Manufacturing
*****************************************
Mahindra to sell first Indian-made vehicle in US: report
(Mint | May 14)
Auto maker Mahindra & Mahindra is set to become the first company to sell an Indian-made vehicle in the US market, a report said Friday.
*****************************************
|
InfoComm | Technology
*****************************************
China's Coolpad Communications plans to manufacture mobile phones in India
(InChin Closer | May 10)
China Wireless Technologies a Shenzen based, Hong Kong listed developer of wireless data solutions and dual (GSM and CDMA) smartphones plans to set up a mobile handset factory in India by 2012.
*****************************************
|
Infrastructure | Real Estate
*****************************************
Beijing Just Unveiled Uber-Draconian "One House Per Family" Rules To Curb Bubble
(Business Insider | Apr 30)
According to multiple reports from Xinhua and China Daily, Beijing has just announced a one apartment per family rule. That's right. You can't have a second apartment. And this doesn't just mean mortgage-buyers. Cash buyers, too, can't buy multiples.
Chinese File for Divorce to Purchase Second Homes, Stocks Climb
(Daily Finance | May 13)
According to an article in China Daily, divorce is one way to skirt the rules and reduce costs. Down payments on second homes have been raised to 50% of the value. In contrast, first-time buyers must put down a 30% down payment. "After we get divorced, my wife will claim our house, so that I can apply for a mortgage as a first-home buyer," a man told a Xinhua reporter. One real estate agent said "fake divorces" were becoming more and more common.
Realty biz to remain local play with varying laws across India
(Economic Times | May 16)
Real estate market may have grown in leaps and bounds in recent years, but the business may remain a regional play in the country, as law of land is different in different regions, feel experts. Many developers also believe that property sector is a regional business as one need to understand local dynamics to develop realty projects.
*****************************************
|
Opinions
*****************************************
What Americans think of China's rise
(Ethopian Review | Apr 30)
China is the fastest growing nation in the world. Its stunning economic performance has left many in its shadows. While summing up how Americans feel about China's economic growth may be difficult, economist Thomas Rawski from the University of Pittsburgh believes there are two major aspects: "I think right now people are concerned about the economic aspect of China's rapid development. I think there's considerable admiration, people are impressed by what the Chinese have accomplished, especially in the economic sphere. And there's somewhat an undercurrent of worry about the consequences of Chinese expansion for the American economy, for employment in the United States and so on."
US, India and China build a triangle of matchsticks
(The National | May 4)
There might be more capitalists in China today than in America; there are certainly more Maoists in India now than in China. Paradox is a familiar partner of nations in flux. The dynamic of changing reality keeps relations between India, China and America in constant, and occasionally creative, tension.
T N Ninan: And Pigs do fly
(Business Standard | May 8)
Is this another case of mispricing risk or systemic bias against emerging markets?
In March this year, Spain had a AA+ foreign credit rating from Standard and Poor's (S&P), signalling "very strong capacity" to meet its financial obligations. Portugal and Italy were at A+ ("strong capacity" to meet financial commitments). A year ago, Greece was there too. Southern Europe's "Pigs" countries, as they are called, have a different story to tell today.
China data highlights rising inflation concerns in EM
(Financial Times | May 12)
Given the scale of the financial and real economic crisis that subsequently enveloped the globe, it is hard to believe that for much of 2007-08 it was inflation that was the big policy concern, particularly in emerging markets. But while the sovereign debt overhang in peripheral Europe is currently monopolising the attention of global markets, inflation is again clawing its way back in EM. C
The India Model
(Live Mint | May 16)
The India model of institutions and development may be more robust and humane than the Chinese one. The China model-or Beijing consensus-is shorthand for a suite of political and economic attributes that appear to have characterized China's success. The essence of the idea is the combination of political authoritarianism with a version of capitalism that combines free market competition and some elements of state control. Perhaps this is not such a new model.
How America Competes With China & the Rest of the Globe
(Fox | May 14)
I'm just wrapping up my month of globetrotting here in San Jose at the Intel Science and Engineering Fair. The giant chipmaker brought together 1600 high school students from 59 different countries. You're probably thinking these kids are all from places like India and China, threats to America's place in the world. Well the winner, 15-year-old Amy Chyao, is Chinese. She's Chinese-American. Her parents were born there. She was born here. In fact, more than 40% of the students in the competition are American. Intel CEO Paul Otellini says we need more families like the Chyao's. He went so far as to suggest we should "staple a visa " to overseas students who come to study in our colleges. How's that for an immigration policy!
 America's New Anti-India Backlash
(bUSINESS wEEK | May 13)
The increasingly bitter contest over the Democratic Party's nomination for the Arkansas Senate seat now held by Blanche Lincoln offers a preview of the problems that will increasingly strain U.S.-India relations. India's growing prosperity will create major opportunities for home-grown and multinational businesses alike. But as events in Arkansas underscore, there is a political flip side of this development that will be problematic as leaders in both countries seek to enhance bilateral economic partnership.
*****************************************
|
|
Sincerely,
ICA Institute
Please send your comments/suggestions to prashant.das@icainstitute.org
|
|
|
|
|
