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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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Books
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 The East Moves West: India, China, and Asia's Growing Presence in the Middle East
(Brookings INstitution Press | Oct 3)
Geoffrey Kemp, a longtime analyst of global security and political economy, compares and contrasts Indian and Chinese involvement in the Middle East. He stresses an embedded historical dimension that gives India substantially more familiarity and interest in the region-India was there first, and it has maintained that head start. Both nations, however, are clearly on the rise and leaving an indelible mark on the Middle East, and that enhanced influence has international ramifications for the United States and throughout the world.
 The Dragon in the Room
(Stanford University Press | Sep 25)
In the eyes of many, China's unprecedented economic rise has brought nothing but good news to the countries of Latin America and the Caribbean. Indeed, China's growing appetite for primary products, and the ability of Latin America to supply that demand, has played a role in restoring growth in Latin America, both in the run-up to the global financial crisis and in its aftermath.
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Insights
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Emerging markets point the way forward
(Financial Times | Sep 27)
Although Asian economies have not been immune to the global financial crisis, the region's capacity to overcome the downturn, while western economies are still suffering, has confirmed the notion that the balance of commercial power is shifting from west to east. Chinese investment is surging in Africa, Latin America and south-east Asia, while Russian and central Asian natural resources companies are looking to list shares in Hong Kong.
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Headlines
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China could eventually overtake India in outsourcing
(Network World | Sep 23)
The new report titled 'India and China: which will be the outsourcing powerhouse in the 21st century?' says India's share of the market is in decline despite the growing outsourcing industry. China is continuing its march towards financial success and the report indicates that it is already providing substantial competition as the world's outsourcing provider in terms of footprint, awareness and capability.
US Is 'Practically Owned' by China: Analyst
(CNBC | Sep 27)
The US supremacy as the top world economy will end sooner than many people believe, so gold is a better investment than the dollar despite it hitting a new record, Tom Winnifrith, CEO at financial services firm New Rivington Street Holdings, told CNBC.com Monday. In 1832, China and India were the world's two largest economies and by 2032, they will regain that status, he predicted.
Debt Cap Doubles for Foreign Buyers to Finance Roads
(Bloomberg | Sep 24)
India lifted the cap on foreign investment in bonds for the first time in 18 months as Prime Minister Manmohan Singh seeks capital for building roads and power plants in a nation ranked below war-ravaged Ivory Coast and Sri Lanka for the quality of infrastructure.
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Policy | Politics
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R&D Investment Will Determine US Competitiveness With India, China: Obama
(India Journal | Sep 23)
The investment in the field of research and development would determine America's competitiveness with India, China and Germany, US President Barack Obama, has said...Obama, who has been reflecting the progress made by other countries to motivate his countrymen to work hard to maintain the US' competitive edge over other countries including those from Europe.
US and China battle over the trade policy that dare not speak its name
(The Telegraph, UK | Sep 27)
As a major surplus country, China stands to lose significantly from the breakdown of the open international trading system. America would gain jobs and China would lose them - with potentially dire political consequences. Faced with this danger, China could revalue the renminbi significantly and so boost domestic demand. If this happened, similar moves could happen in much of emerging Asia. This would enable the US, and similarly-placed countries such as the UK, to recover through the growth of net exports.
A constructive approach to China's currency
(Foreign Policy | Sep 27)
The fundamental problem is a disconnect between U.S. policymakers' sense of what global rules of economic conduct ought to say and what they actually say. Two prominent examples of this disconnect can be found in the rules of the World Trade Organization: An agreement on subsidies and countervailing measures establishes the conditions under which a nation can retaliate against a trading partner's export-encouraging practices; Another specific provision -- Article XV -- says that exchange rate manipulation should not be used to frustrate the intent of the trade agreement.
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Capital Markets
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6 Reasons Why a Dollar Crisis Is Imminent
(Seekingf Alpha | Sep 27)
The U.S. dollar is sliding dangerously close to a steep cliff -- a possible point of no return at which the currency could collapse and America could join the ranks of the world's banana republics. For more than thirty years, the U.S. has resisted the restructuring, austerity and market forces required to restore the health, competitiveness and potential of its economy.
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Environment | Climate Change
***************************************** Experts bat for green infrastructure in urban India
(Sify Finance | Sep 23)
Over the next two days, policymakers, strategists, officials and industry experts will deliberate on water, energy, waste management and other issues dogging the planned growth of urban India. Organised by independent urban planning body Global Initiative for Restructuring Environment and Management (GIREM), the summit has emerged as a unique platform for stakeholders in the industry, including corporate end-users of office, commercial and retail space, developers, architects, consultants and investers.
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Energy
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GE's Immelt: America employing 'stupid' energy policy
(Digital Journal | Sep 27)
At a conference on energy in Washington DC, General Electric's CEO Jeff Immelt blasted what he sees as 'stupid' U.S. policies on future energy usage and consumption. Mr. Immelt is now convinced that American energy policy is wrongheaded - and that the United States is falling behind China in modern energy reform and in projects that include electric vehicles and wind-powered alternatives.
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Education & Work Force Development
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Obama's goal: 10,000 new science, tech, engineering and math teachers
(The Oval | Sep 27)
President Obama set a goal today of recruiting 10,000 teachers in science, technology, engineering and math, calling these subjects essential to competing in the 21st-century global economy. The president called education one of the country's most important economic issues as it competes with China, India and other growing nations that outperform the USA in the classroom."They have caught up and now in some cases have surpassed us," Obama said.
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Infrastructure | Real Estate
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The IPO opened by the real estate firms end up with poor response from the investors
(All India Today | Sep 23)
Over the next two days, policymakers, strategists, officials and industry experts will deliberate on water, energy, waste management and other issues dogging the planned growth of urban India. Organised by independent urban planning body Global Initiative for Restructuring Environment and Management (GIREM), the summit has emerged as a unique platform for stakeholders in the industry, including corporate end-users of office, commercial and retail space, developers, architects, consultants and investers.
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Opinions
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Brazil's China syndrome
(Reuters | Sep 23)
With enviably strong growth rates, the largest economies in Latin America and Asia have come to represent the shift in global clout from developed to developing economies. And as they've grown, the two countries have become more intertwined than ever. But the relationship, while mutually beneficial, is hardly equal. The sheer size of the Chinese economy means its needs have begun altering Brazil's, in ways both salutary and worrisome. The lopsided relationship underscores the profound challenges that China's emergence as an industrial force poses for developing nations.
 Outsourced ideas ready for prime time
(Fierce CIO | Sep 26)
The outsourcing industry continues to experience growth overall, but India's share of the market is declining, according to an analyst with the research firm Ovum. Meanwhile, China's outsourcing capabilities and range are driving greater competition. Some analysts predict that India could lose its edge to China before long, and both countries are seeing competition from other Asian nations in addition to countries in Latin America.
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Sincerely,
ICA Institute
Please send your comments/suggestions to prashant.das@icainstitute.org
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