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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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Events & Announcements
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 Announcing the Second Issue
"A year ago, the Journal of Emerging Knowledge on Emerging Markets (JEKEM) published its first issue. The world was a different place; time, we can neither start nor stop, but only steer...We trust that the articles in this edition of JEKEM will, in their own modest way, serve as a timely, well-directed locomotive of knowledge...In this issue, many remarkable conversations have been chronicled for the public square across a broad swatch and living tapestry of topics. The eclectic mix of authors has examined concepts, looked at regions, and expressed thoughts. In reviewing manuscripts, we continue, as always, to pose the essential question: "What is its value to our readership?..." (Excerpts from the Editorial).
The second issue of ICA Institute's JEKEM is to be released soon in November. Stay Tuned!
U.S.-India Partnership
(India-US World Affairs Institute, Inc. | Oct 21)
President Obama will be visiting India for three days in early November, shortly after the mid-term Congressional elections. Ambassador Teresita Schaffer takes a look at the U.S.-India partnership and what it means " in light of history, current developments, and the forthcoming Presidential visit.
Where: 1800 K Street, NW, Washington D.C.
When: October 21, 2010 (6:00 p.m. - 8:00 p.m.)
Contact: events@india-us.org
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Insights
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Africa is more dynamic than we think
(Times Live | Oct 17)
A new breed of economic players is driving growth and reshaping global business. These countries are best described as "dynamic markets". They include a diverse range of rising economic powers - the so-called Bric nations (Brazil, Russia, India, China) - alongside newly industrialised Latin America and Asia, as well as less recognised transitional economies and resource-rich Africa.
The BRICs: How does South Africa compare?
(Politics Web | Oct 15)
Emerging markets continue to feature prominently in global economic discussions on the back of perceived economic weaknesses in both the United Sates and the European Union. Perhaps the most prominent bloc of emerging markets is that made up of Brazil, Russia, India, and China - commonly referred to as BRIC. South Africa has long been wooing the four BRIC partners to be admitted to this very prominent club of emerging economies.
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Headlines
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India, China may face downturn: OECD
(The Economic Times | Oct 12)
Economic momentum in the world's leading industrialised countries slowed in August when a key index showed "negligible or negative growth," the OECD said Monday. "OECD composite leading indicators (CLI) for August 2010 reinforce signals of slowing economic expansion already seen" in July, the Organisation for Economic Cooperation and Development said.
The IMF's New Growth Projections
(WSJ | Oct 6)
Global growth will slow sharply, more than expected from an already sluggish pace, as advanced economies slash their budgets amid the sovereign debt crisis, the International Monetary Fund said. Growth prospects for the U.S. took the IMF's biggest downgrade, falling to 2.3% from a previous estimate of 2.9%. China's growth is still expected to decelerate slightly in 2011, to a still-steamy 9.6%, from 10.5% expansion this year. Here is a look at forecasts for various large economies, and how the forecasts have changed since the IMF's July forecasts....
IMF projects India's growth at 9.7% in 2010
(Livemint.com | Oct 6)
The International Monetary Fund (IMF) has projected the Indian economy will grow by 9.7 % in 2010 and 8.4 % in the next fiscal, driven by robust industrial production and macro-economic performance. However, neighbouring China is expected to grow at an even faster rate of 10.5 % in 2010 and 9.6 % in 2011.
Mittal urges China to ease rules on investment: report
(The Economic Times | Oct 11)
China should ease rules on inward investment, Lakshmi Mittal, the chairman and chief executive officer of the world's largest steelmaker ArcelorMittal , said in an interview published on Monday.
Both China and US are at fault in currency war
(Financial Times | Oct 17)
China's exchange rate policy is currently the predominant issue in global economics and was the big talking point at the recent annual meetings of the International Monetary Fund. On the outside this often looks like an argument just between China and the US. But its implications go well beyond these two countries. Many emerging markets, especially those in Asia and Latin America, have much to lose if the crisis over currencies is not solved quickly. To do so, both China and America must act.
India ranks below China, Pak in global hunger index
(Livemint.com | Oct 11)
India has been ranked 67, way below neighbouring countries like China and Pakistan, in a new global hunger index by the International Food Policy Research Institute (IFPRI). The index, released on Monday, rated 84 countries on the basis of three leading indicators -prevalence of child malnutrition, rate of child mortality, and the proportion of people who are calorie deficient.
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Policy | Politics
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Opportunities and Challenges of Doing Business with China
(Knowledge @ Emory | Oct 15)
Contrary to what some people may think, "the opportunities in the China trade are not limited to large firms," observes Gu, who is also senior vice president of NACA. "That's demonstrated by the growing demand for consumer products in China, like a recent online sale conducted by taobao.com-China's version of eBay-in which 205 brand new Mercedes Benz Smart cars were sold in less than eight hours." But he warns that many multinationals already have a strong foothold in China, "so now is the time for smaller firms to get in too, while the opportunities are still there and the market entry barrier is still relatively low."
India, China not playing for 'second place': Obama
(The Times of India | Oct 17)
Insisting that the US cannot afford to cut its education budget, President Barack Obama has said it has to compete with countries like India and China which are ""not playing for a second place"" and voiced opposition to tax breaks to the American firms shipping jobs overseas.
U.S. Seeks Billions in India Deals
(Wall Street Journal | Oct 18)
The U.S. is aiming to sell up to $5.8 billion of military-transport aircraft to India and secure other major deals when President Barack Obama travels to New Delhi early next month, a visit that will seek to alter the tenor of an increasingly tense commercial relationship between the world's largest democracies.
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Capital Markets
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Asia Tops North America as Biggest Derivatives Market for the First Time
(Bloomberg | Oct 15)
The Asia-Pacific has overtaken North America as the world's biggest derivatives market amid increasing demand for futures and options contracts in the region's fast-growing economies. Korea accounted for 42 percent of derivatives traded across the Asia-Pacific region in the first half of 2010, while those changing hands in Indian exchanges accounted for 32 percent, the association said. China's exchanges made up 16 percent.
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Energy
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China Escalates Fight With U.S. on Energy Aid
(The New York Times | Oct 17)
A dispute between China and the United States over Beijing's subsidies to clean energy industries escalated on Sunday when a senior Chinese economic official warned that Washington "cannot win this trade fight."
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Education & Work Force Development
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Bank Crisis Shifts Demand for M.B.A.'s
(The New York Times | Oct 18)
The survey showed that the rise in recruitment in emerging countries like China and India was far outstripping recruitment in Europe and North America, with demand for graduates with master of business administration degrees increasing 32 percent in the Asia-Pacific region this year, compared with 9 percent in North America and 3 percent in Europe, as companies reduced hiring during the global recession.
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Infrastructure | Real Estate
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Faking divorce to buy a home in Shanghai Read more: Faking divorce to buy a home in Shanghai
(CNN | Oct 18)
The most recent effort by the Shanghai government to cool the Shanghai property market, which came into effect October 7, was to limit loans to families buying additional homes and limit those in the market to buying one additional new home. Since the restriction is by family, Xinhua reports that some couples are turning in forged divorce papers in order to buy more apartments, allowing them to have a total of four homes instead of just two.
 Shanghai May Launch Property Tax By Year End
(Capital Vue | Oct 18)
The property tax pilot schemes proposed by the governments of Shanghai and Chongqing have been submitted to the Ministry of Finance, the State Administration of Taxation, and the Ministry of Housing and Urban-Rural Development, reports National Business Daily. The plans will classify large houses, villas and other types of residential property. Homes will be taxed on the basis of their classification.
Shanghai passes 'one home per family' rule
(icon | Oct 8)
In a bid to curb rampant property speculation Shanghai has rushed in a law limiting families to the purchase of just one new apartment. The Shanghai municipal government issued the new regulation October 7 and it took effect the same day, leaving property buyers at risk of falling foul of the law, official newspaper China Daily reported. Beijing introduced the same measure on April 30. According to the regulation, every household in Shanghai is permitted to purchase only one more commercial residential property as of Thursday and anyone found in violation of the regulation will not be allowed to register their ownership of the property.
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Opinions
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 Growth In China Is Not Sustainable, And The Way To Play It Is to Get Short
(Business Insider | Oct 18)
The summer is over in Denver. Of course, in Denver the summer was officially over Labor Day weekend, when the outdoor swimming pools were drained and locked for the winter. For most people summer ended a few weeks later, when the leaves turned bright yellow.
We're Not China
(The New York Times | Oct 18)
What about the argument that America can offset any effects from China's policies through looser money? Well, I don't really get why some commentators can't grasp the distinction between the proposition "quantitative easing is worth trying, and would probably help" and the proposition "quantitative easing will allow the Fed to do whatever is needed, never mind the zero lower bound." I
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Sincerely,
ICA Institute
Please send your comments/suggestions to prashant.das@icainstitute.org
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