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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 
A Broad Vision of U.S.-China Relations in the 21st Century
(ChindiaBiz | Jan 14)
ICA Institute presents the transcripts of a recent talk delivered by Sen. Hillary Rodham Clinton, Secretary of State in the Benjamin Franklin Room in Washington DC. Share your own views/opinions on this.
Write to
Reza Zafari: arjafari@aol.com
Anitha Vadawatha: anitha.vadavatha@icainstitute.org
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From Our Publications
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Fractals: A More Dynamic & Multidimensional Approach to Business Analytics
 (JEKEM)
Fractals in their most common sense are nothing but interesting images. To scientists, however, they represent a fairly untrodden field in mathematics. Until the 1970s, fractals had  been identified but not studied due to the lack of adequate technology. With the invention of the computer, however, fractals have been gaining increasing popularity among everyone from artists to businesspeople.
The Nano Controversy: Peasant Identities, the Land Question and Neoliberal Industrialization in Marxist West Bengal, India
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Headlines
***************************************** China outshone India in last 30 yrs: Economist
(Times of India | Jan 20)
Educational inequality is more severe in India than a lot of countries in Latin America and Africa, pointed out noted economist Pranab Bardhan while delivering a lecture at Calcutta Club on Wednesday. "In land and education inequality, we are not only far behind China, but also behind countries like Brazil, Chile and even some African nations," he added.
BRIC Becomes BRICS: Changes on the Geopolitical Chessboard
(Foreign Policy Journal | Jan 21)
The capital "S" in BRICS stands for South Africa, which formally joined the four on Dec. 24, bringing Africa into this important organization of rising global powers from Asia, Latin America and Europe. President Jacob Zuma is expected to attend the BRICS April meeting in Beijing as a full member.
Around 90 percent of Chinese think China-U.S. ties important: survey
(Xinhua | Jan 16)
Around 90 percent of the Chinese general public consider China-United States ties important, according to a recent survey. The China Daily newspaper and the Horizon Research Consultancy Group conducted the 1,443-respondent survey in seven major Chinese cities, including Beijing, Shanghai and Guangzhou, from Dec. 20 to Dec. 30, 2010. The survey showed that 54.3 percent of respondents think it is very important for China to maintain good relations with the U.S.
U.S. is Down, But Not Out as China, India and Russia Lead Global Auto Sales to Record Highs in 2011
(Scotia BAnk | Jan 5)
The cyclical recovery in global auto sales that began in the spring of 2009 and accelerated last year will likely lift volumes to record highs in 2011, according to Scotia Economics' latest Global Auto Report. The emerging markets of China, India and Russia will continue to lead the way, but the U.S. market is also expected to post its second consecutive double-digit increase in the coming year, a development that has not occurred since the early 1980s.
Africa is now one of the world's fastest-growing regions
(The Economist | Jan 6)
MUCH has been written about the rise of the BRICs (Brazil, Russia, India and China) and the shift in economic power eastward as Asia outruns the rest of the world. But the surprising success story of the past decade lies elsewhere. An analysis by The Economist finds that over the ten years to 2010, no fewer than six of the world's ten fastest-growing economies were in sub-Saharan Africa...
Indian business leaders call for war on corruption
(The Australian | Jan 19)
As India heads into the rarely-seen realm of 9 per cent-plus economic growth this year, some of its top business leaders are urging the government to launch a war on corruption to overcome what they call the nation's "governance deficit." Identifying corruption as "possibly the biggest issue corroding the fabric of our nation," they say it needs to be tackled urgently and on a "war footing." Information technology tycoon Azim Premji, industrialist Keshub Mahindra and consumer products pioneer Jamshyd Godrej are among 14 prominent Indians who penned "An Open Letter to Our Leaders" on January 18 and distributed it to all political parties and to Prime Minister Manmohan Singh.
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Capital Markets
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The people's currency and global trade arbitrage
(InChin Closer | Jan 11)
"If you want to see capitalism in action," said Milton Friedman, "go to Hong Kong." Beijing is taking him up on that. As it seeks to broaden ownership of its currency, China is using the special administrative region as a giant petri dish. It wants to observe how this profoundly consumerist culture absorbs the renminbi as a medium of exchange, as a store of value and as a unit of account.
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Transportation
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India has an edge over China, West in auto production: experts
(LiveMint | Jan 21)
The country now accounts for 5% of global auto production, up from 1.4% at the beginning of the last decade, according to industry lobby Society of Indian Automobile Manufacturers (Siam). That also makes India the seventh largest auto producing nation, rising from 15th in 2000.
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Energy
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India's energy diplomacy
(The Economist | Jan 6)
On the eve of India's return, after 19 years, to the United Nations Security Council on January 1st, its central bank quietly announced that payments for Iranian oil imports could no longer be made through an Asian currency-clearing union. The move, which followed lobbying from America and Europe, lifts a veil on India's payments for Iranian oil.
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Innovation
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Change ahead in China's rare earth role
(The Australian | Jan 19)
As Chinese President Hu Jintao wraps up his US tour on Friday with business meetings in Chicago, his country's future role in the global rare-earth trade will be under scrutiny at a Critical Materials investment conference on the other side of the North American continent. But instead of the usual discussion about Chinese domination of the rare-earth supply chain - it currently has more than 95 per cent of the market - two of Hu's rare-earth specialists are due to speak at the conference in Vancouver, Canada on the theme "China to join the buy side."
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Opinions
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Danger: America Is Losing Its Edge In Innovation
(Forbes | Jan 20)
Why does this matter? Because if American students have a negative impression - or no impression at all - of science and engineering, then they're hardly likely to choose them as professions. Already, 70% of engineers with PhD's who graduate from U.S. universities are foreign-born. Increasingly, these talented individuals are not staying in the U.S - instead, they're returning home, where they find greater opportunities.
ABC News Poll: Americans See More Economic Threat Than Opportunity in China
(abc News | Jan 18)
Chinese President Hu Jintao arrived in Washington today for a goodwill trip with some tricky realities to work around, including the massive U.S.-China trade imbalance. In one take on the visit, by Taiwan's Next Media Animation, Hu lands his jet and then tosses President Obama the keys, saying, "Don't scratch it." A new ABC News/Washington Post poll out tonight finds that Americans see more economic threat than opportunity in China.
Think Again: America's Best Days Are Still Ahead
(Forbes | Jan 21)
I disagree with Rachman's assessment that growing Chinese economic clout will necessarily pose a threat to America. I have written about the myths of China as a superpower and global manufacturing power here and here. Today, however, I'd like to focus on what makes America a great country to begin with.
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Sincerely,
ICA Institute
Please send your comments/suggestions to prashant.das@icainstitute.org
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