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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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Announcements
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(ICA Institute | June 28 2010) The Journal of Emerging Knowledge on Emerging Markets, an ICA
Institute Publication invites volunteers for the role of Copy-Editors for future issues. Interested
persons may send a short profile (professional resume is not required) and a writing sample (could be a blog/website/email attachment).
Please correspond through email only:
prashant.das@icainstitute.org |
Headlines
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China rejects US criticism over currency policy
(Business Week | Jun 14)
China's Foreign Ministry said Monday that complaints by the U.S. government about Beijing's currency policy are overblown and that a rising yuan would not solve America's financial woes.
World GDP Contracted 2% In 2009; China, India Had Strong Growth-Report
(Wall Street Journal | Jun 22)
The world's GDP contracted 2% in 2009, as the world economy began to work its way out of the financial crisis, according to the World Wealth Report, compiled by Bank of America Corp.'s (BAC) Merrill Lynch Global Wealth Management and Capgemini Group. But the Asia-Pacific region, with the exception of Japan, showed GDP growth of 4.5%, led primarily by China's 8.7% growth and India's 6.8% growth. The report highlights the efforts made by several governments to use stimulus packages to fend off economic crisis.
Brazil Exports to Benefit From Yuan Policy Change
(Bloomberg | Jun 24)
Brazil exported $10.64 billion of goods to China from January through May this year, making the Asian nation its biggest export market with 15 percent of total shipments, according to the Ministry of Development, Industry and Foreign Trade. Soybean, iron-ore and oil products made up for about 82 percent of those exports, according to the ministry's website.
China's Divorce Rate Crosses New Threshold
(Wall Street Journal | Jun 18)
In 2009, according to a report by the Civil Affairs Ministry, one in every five marriages ended in divorce. Less than a decade ago, in 2000, that number was one in seven. The report is drawing attention from Chinese media. Recent articles in China Daily, Shanghai Daily, and People's Daily discuss the trend.
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Policy
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India: Land of Global Business Opportunity
(Knowledge @ Emory | Jun 17)
...behind closed doors, the country's new and increasingly time-strapped middle class is outsourcing at the family level-at least when it comes to cooking, cleaning, and child care.The rise of the "call center couple" epitomizes India's shift from an insular, socialist society to a globally integrated economy, says Jagdish Sheth, a chaired professor of marketing for Emory University's Goizueta Business School.
US hits out at China over protectionism
(Telegraph | Jun 24)
"Despite progress in many areas, far more needs to be done before we can be sure that commercial trends affecting US businesses in China are once again heading in the right direction. This perception is increasingly echoed by American businesses and increasingly spoken aloud".
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Insights
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A Journey of Wonder in China
(China Daily | Jun 18)
There can be no doubt that the center of gravity in financial and industrial power is shifting to China, in particular, and Asia in general. Witnessing this fascinating shift in economic power reinforced for me Paul Kennedy's argument about the cyclical nature of history and how military power rests on economic power.
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Health
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 White rice not so healthy when compared to brown rice
(HealthNews18 | Jun 16)
White rice naturally contains high percentage of carbohydrates, and often diabetic doctors advice patients not to consume too much of white rice in countries like India and China...and the effect of US settlers from various parts of the world has altogether contributed to the increase of white rice consumption in US.
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Industry | Manufacturing
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Toyota is latest car maker hit by strike in China
(Associated Press | Jun 18)
Workers at a plastic parts factory of Toyota Motor Corp. affiliate Toyoda Gosei Co. in the northeastern city of Tianjin went on strike Thursday, forcing the plant's production line to shut down in the afternoon, said Toyoda Gosei spokesman Tomotaka Ito, at the company's headquarters in Aichi, Japan.
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Entertainment
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Outsourcing the funny
(Denver Post | Jun 21)
The tricky part for (the TV Serial) "Outsourced" will be balancing the impulse to make fun of America's reliance on cheap labor in India, with making fun of Americans who sound like idiots on the phone (versus highly educated and motivated young Indians, many of whom are in night school while supporting their parents with earnings from the call center). We laugh at ourselves, we wonder when China and India will outpace us in the new global world market.
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Infrastructure | Real Estate
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India real estate recovery well under way
(Property Community | Jun 22)
Property prices in the national capital region (NCR) have increased by up to 54% during the first three month of this year due to higher demand, according to a study from realty portal 99acres.com.
Beijing, Shanghai on top of Chinese ideal living place list: pol
(Xinhua | Jun 19)
A latest survey showed that first-tier cities including Beijing and Shanghai were on top of the list of Chinese people's choice of ideal places to live in, reported Saturday's China Daily. Higher income, more job opportunities and better medical and education resources were major attractions for these urban dwellers, Song Yingchang, an expert with the Chinese Academy of Social Sciences, was quoted as saying by the English-language paper.
India | Real estate: How the new tax code impacts you
(Rediff News | Jun 24)
The revised draft for the Direct Tax Code released on June 15, is currently a hot topic of discussion among people. The code is an attempt by the government to simplify the existing income tax laws in the country. Assuming there are no further roadblocks, the government expects to implement DTC on April 1, 2011, after it is passed by the Parliament.
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Opinions
What China wants, China gets
(Saudi Gazette | Jun 24)
China's economy is projected to reach $123 trillion within 30 years, more than three times the economic output of the entire globe in 2000. Only for two of the past 20 centuries has China not been the world's top economy. Its appetite for sustainability is, hence, arguably unparalleled.
India's global power aspirations a far fetched idea'
(Dawn | Jun 16)
"There is talk of India getting permanent membership of United Nations Security Council and becoming a global power...there is hardly any possibility that India will get the membership or God forbid veto power. Even China is not a global power as yet despite being an economic giant. But US is a global power because it has used it resources, it has intellectual and economic power, and the Americans think and plan for future after disasters..."
Eastern economies will decelerate
(Business Day | Jun 17)
suppose it costs $20 to see a film in Japan but $1 to see it in India. On the exchange rate measure, the value produced in Japan is 20 times as much as in India. On the PPP measure, the value is the same whichever country you see it in.
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Sincerely,
ICA Institute
Please send your comments/suggestions to prashant.das@icainstitute.org
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