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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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From Our Publications
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Turkey: Another $1 Trillion Emerging Economy?
 (JEKEM) The strategic location of Turkey makes it a very important country in terms of geopolitics as well as economics. Turkey is located at the crossroads of Europe, Asia, the Caucasus, and the Middle East. It is where East meets West without clashing with each other but merging with each other. Even though, industry, trade, and finance are all dominated by the expansive and crowded Istanbul, other cities and towns in Anatolia -the Anatolian Tigers- are industrializing rapidly and now participating in the global economy.
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Headlines
***************************************** Internationalisation has boosted Europe's academic clout
(The Economist | Feb 17)
Some Americans pooh-pooh Europe's rise. Many new journals have started up in recent years, and European papers are far more common in their pages. But this cannot fully explain the fall in North America's market share. Controlling for new journals, the share of European papers still rose markedly. Americans need not panic. Economists affiliated to North American institutions contribute 76% of articles in the top journals. They receive a disproportionate number of citations. But as Europe's economics stars mature, they will compete on this more hallowed turf, too.
India, China fuel U.S. exports: Geithner
(The Hindu | Mar 4)
"Emerging economies like China, Brazil and India are growing very rapidly. That growth is helping to support rapid growth in U.S. exports which in turn is raising income and employment across the United States in manufacturing and high tech and agriculture," Mr. Geithner said in his testimony before the Senate Foreign Relations Committee.
Call for Protests Unnerves China
(WSJ | Feb 20)
Chinese authorities detained dozens of political activists after an anonymous online call for people to start a "Jasmine Revolution" in China by protesting in 13 cities-just a day after President Hu Jintao called for tighter Internet controls to help prevent social unrest.
India, Brazil key to US achieving exports target
(Commodity Online | Mar 4)
The United States said opening up of Indian and Brazilian markets are key for doubling country's exports by 2014. According to a report by the President's Council of Economic Advisors, opening up the markets of India, Brazil and other emerging economies through an agreement in the Doha Round of WTO negotiations would play a crucial part in meeting the goal.
China to increase defence spending by 12.7 per cent in 2011
(The Telegraph | Mar 5)
a 12.7 per cent increase over 2010 spending - comes amid growing signs that China's military rise is starting to unsettle other regional Asia-Pacific powers, including the US, Japan, India and Australia. Analysts remain divided over whether China is initiating an Asian arms race, but India is also spending heavily to upgrade its capabilities and fend off the threat of strategic encirclement by Chinese interests and alliances in Burma, Pakistan and Sri Lanka
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Capital Markets
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China's U.S. IPO Pipeline Quietly Grows
(WSJ | Feb 20)
China was the home of some of the best- and worst-performing stock offerings that hit the U.S. last year. The handful of offerings so far this year have been mediocre, but more companies from the China are quietly getting ready launch their own initial public offerings in the months to come.
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Education
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Think Again: Education
(Foreign Policy | Mar 1)
So long as American schoolchildren are not moving backward in absolute terms, America's relative place in global testing tables is less important than whether the country is improving teaching and learning enough to build the human capital it needs.
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Real Estate
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China: Ministries to Crack Down on Land Abuse
(Beijing Review | Feb 18)
China's land watchdog will begin an inspection campaign at the end of this month to stop the illegal use of rural land, trying especially to stamp out the expropriation of such land from farmers and the forced demolition of buildings. The campaign, which is to last three months, was begun through the cooperation of the Ministry of Land and Resources, the National Development and Reform Commission, the Ministry of Agriculture and the Ministry of Housing and Urban-Rural Development.
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Technology
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India: IT Firms Split on Outsourcing Demand for 2011
(WSJ | Feb 17)
The usually cohesive Indian outsourcing industry is split about what the demand for outsourcing services will look like in the calendar year 2011. The big three expect this year to top 2010, while others say last year's spurt was an anomaly.
India: Bihar as Model? UID Rollout Within 3 Years
(Times of India | Feb 17)
Unique identification authority chief asked the state authorities to play a model role in introduction of Aadhar numbers that will help in implementation of social schemes. Nilekani, an ex-IT czar, said rural job and pension schemes along with public distribution system can be linked to Aadhar numbers.
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Opinions
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China International
(Foreign Policy | Mar 1)
China's rise is no longer just about China -- and over the past year, journalists Heriberto Araújo and Juan Pablo Cardenal, working with a team of photographers, have collected images documenting Beijing's worldwide influence in 24 countries, from logging camps in Mozambique to gold mines in Burma.
China, U.S. partnership needs to evolve
(Advisor | Mar 3)
Beijing's total holding of U.S. debt rose by US$268 billion from previous estimate to US$1.16 trillion in December 2010, government figures show. Although this allays financing fears in the U.S., it also fuels the perception that the U.S. is beholden to Asia's growing economic superpower.
Not a carbon copy of the U.S.
(Los Angeles Times | Feb 28)
If per capita carbon emissions in China and India rose to car-happy U.S. levels, global emissions would increase by 127%, according to the International Energy Agency. If their emissions stopped at the levels found in hyper-dense Hong Kong, world emissions would go up less than 24%. As the Asian economies prosper, the United States should hope that they embrace the skyscraper more than the car, and we should reform our own policies that subsidize sprawl.
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Sincerely,
ICA Institute
Please send your comments/suggestions to prashant.das@icainstitute.org
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