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A periodic sampling of news, analysis and opinion on economic issues of India, China and the USA
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Technology
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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.

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Events & Announcements
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Call for Papers:Symposium on ASIA-USA Partnership Opportunities
(ChindiaBiz | Sep 23)
The Kennesaw State University (KSU) Asian Studies Program announces the Call for Papers and Presentations on a new global interdisciplinary "Symposium on Asia-USA Partnership Opportunities." This symposium will serve as a platform for governments, universities and corporate entities to address critical strategic needs of the businesses they intend to serve in Asia and the U.S.  Speakers from multinational companies with operations in Asia and the USA will be present, as well as academicians to discuss both domestic and global concerns between these nations. Diplomats and policy makers from China, Japan, Korea, India and the U.S. will be present at the conference as well. Dr. Jagdish Sheth, renowned scholar and world authority in the field of marketing, will be the featured dinner keynote speaker.


New India US Business Alliance
(India US Business Alliance | Sep 7)
The India-US Business Alliance (IUSBA), a Cincinnati-based non-profit organization, was launched in September, 2010. The purpose of this organization is to establish a professional platform for businesses, government agencies, investment firms, services providers, academic institutions and individuals with an interest in promoting and growing business alliances between the US and India. Membership is open to all corporations, businesses and individuals located in the US and India.

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Headlines
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China May Delay Rate Increases as Food Stays `Villain'
(Bloomberg | Sep 14)
China's accelerating inflation may fail to convince policy makers to raise interest rates this year because food costs, not surging credit, are fueling price gains.

Majority of Chinese FDI from Chinese companies headquartered in Hong Kong
(InChin Closer | Sep 9)
Hailed as the most attractive FDI destination since the past two years and at least until 2012 by UNCTAD, China has set out to change its global image of a power-hungry, domestically gregarious and foreign company incongruous nation.

The American economy: The great debt drag
(The Economist | Sep 16)
Americans are not optimistic. Official statistics say that the economy has been growing for nearly 15 months, but so sluggishly that most people seem to think it is still in recession. For a few months it looked as if the economy might even shrink again, as growth slowed to a mere 1.6% (at an annualised rate) in the second quarter, job creation almost stopped and home sales plunged.

Africa's banking boom
(The Economist | Sep 16)
Local and Western banks' profits in sub-Saharan Africa, excluding South Africa, were about $2.6 billion in 2009, not far off the sum Western firms made in India or China (see table). But China is active, too. So far, Export-Import Bank of China, a state entity which promotes trade and investment, has done all the running. It has perhaps $20 billion of loans in Africa (including north Africa), reckons Deborah Br�utigam, of American University in Washington, DC.

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Policy
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China-Japan ties strained
(Global Times | Sep 13)
China intensified pressure on Japan Sunday by telling its ambassador in Beijing again to demand the immediate release of Chinese fishermen and their boat detained off the Diaoyu Islands in the East China Sea last week.It was the fourth time within a week, following Tuesday's incident, that Japan's ambassador to China was called in.

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Insights
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Report: 'Winning in Emerging-Market Cities'
(India Real Time/Wall Street Journal | Sep 14)
Companies seeking to grow in emerging markets need to formulate city-specific rather than country-wide strategies, said a report Tuesday by the Boston Consulting Group.
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Industry
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New Whine: China Pushes Bordeaux Prices Higher
(WSJ | Sep 14)
But wine makers and merchants also credit booming demand from emerging economies, especially that of China, where labels like Lafite and Margaux have joined Prada and Herm�s as badges of wealth. Last year, China passed the U.S. to become Bordeaux's biggest export market by volume outside Europe.
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Technology
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The web's new walls
(The Economist | Sep 2)
Three sets of walls are being built. The first is national. China's "great firewall" already imposes tight controls on internet links with the rest of the world, monitoring traffic and making many sites or services unavailable. Other countries, including Iran, Cuba, Saudi Arabia and Vietnam, have done similar things, and other governments are tightening controls on what people can see and do on the internet.

Group Buying Sites: Strategy of the Future or Too Good to Be True?
(Knowledge @ Wharton | Sep 9)
But e-commerce in India has yet to take off. With the exception of travel-related websites, few companies have succeeded in the sector, in part because broadband connectivity is poor in many parts of the country and a significant number of consumers are still wary of using credit cards on the Internet.

Reaching the world's unconnected will require more adventurous carriers
(The Economist | Sep 16)
WHEN Digicel, a Jamaican mobile-phone company, first planned a wireless service in Papua New Guinea, obvious hurdles loomed. The electricity grid reached at most 17% of the country's 6m people. Roads barely extended beyond Port Moresby, the capital. Average incomes were just above $1,000 a year.

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Opinion
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A smaller Chindia story
(Hindustan Times | Sep 16)
The Nantong meet, organised by the India China Economic and Cultural Council, showcases SME cooperation. And it's impressive. Nantong, a relatively anonymous city, has 15 Indian firms in textiles and so on and investments of about $ 100 million. If this is multiplied by China's many clusters one can see the stirrings of a genuine investment link between India and China - still languishing at less than a billion dollars for both countries.

Of Land, Marx and Landmark judgements
(360� | Sep 14)
Till the 1980s, private enterprise was somewhat of a social pariah in India. Economic liberalisation in the 1990s reconfigured the equation. As the Indian corporate sector became the 'poster boy' for the India growth story, a number of policies were drawn up to support corporate growth. Recent announcements are signalling an interesting directional shift in Indian policymaking towards industry, investment and its interaction with society at large.

After the Rebound: How Can Indian BPO Differentiate Itself?
(Knowledge @ Wharton | Sep 9)
India's business process outsourcing (BPO) companies have rebounded from the global economic downturn with a growing domestic market, increased Wall Street pressure on U.S. companies to cut costs by offshoring non-core activities, and new opportunities in health care and other industries, the panelists said. But they also face new rivals in other emerging economies like Egypt and Sri Lanka, a thinning wage-arbitrage advantage and pressures within the U.S. against offshoring. Their next challenge is to find new business and pricing models and offer higher value-added services.

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ICA Institute

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Articles and opinion pieces are from a variety of sources and viewpoints and do not necessarily reflect those of ICA Institute. Access to some articles may require free registration to the site or may not be cited to the original source.
International Contributors Editorial Board
Prashant Das - Co-Editor | Anitha Vadavatha - Co-Editor | Ruchir Agrawal - Atlanta | Christopher Chan - Intellectual Property - Hong Kong | Dr. Sudhanva Char - Academic Resources | Harsha Harjani - Hong Kong | Asha Hemrajani - Singapore | Geoff Hiscock - Australia | Ratika Jain - UK | Innovation | Shree Pandya - Engaging Youth | Xun Sun - Architecture Consultant | Dr. Yu Xiao - USA | Dr. Nilay Yajnik - India | Dexin Zhou - China |