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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India's Emerging Technology Commercialization Policy: Lessons From The American Model20
(JEKEM) India, the world's 4th largest economy (PPP) is riddled with dichotomies. It can be called the IT capital of the world, though 200 million people go without enough food each day. Is India using its scientific and technological prowess for national good? America has had a rich set of experiences in the areas of 'Technology Commercialization and Licensing'. We present recommendations for India's upcoming legislative deliberations. These are based on India's current landscape and the success factors in America's experiences in this arena. We see the following as essential immediate impact points: Policy Harmonization; Steady Budget Increase & Enforcement Institutions. ***************************************** |
Headlines
***************************************** When India prospers, US will prosper better: Warren Buffett (SIfy | Mar 22) Billionaire US investor Warren Buffett Tuesday said America will prosper better if countries like India prosper. 'I am an enormous believer in trade...Trade is essential for world prosperity. The more countries like India and China prosper, America will prosper better,' he told reporters soon after arriving here on his first visit to India.
China's role in realizing 'Latin America decade' (The Christian Science Monitor | Apr 12) China is making big moves to unlock that potential. The Asian tiger is investing heavily in the region, edging out the US and boosting ties with leaders such as Brazil's new president. Ms. Rousseff, on her first foreign trip since taking office in January, is reportedly accompanied by some 300 business leaders on a visit that will include meeting with President Hu Jintao and participating in a summit of BRICS (Brazil, Russia, India, China, and South Africa).
Goldman Advance in India (Blooomberg | Apr 12) India is a proving ground for Chairman and CEO Lloyd C. Blankfein's strategy "to be Goldman Sachs in more places." One roadblock: The firm lacks licenses that will allow it to trade currencies and underwrite government bonds in India. Goldman Sachs also has to figure out how to squeeze profit from a market where companies are reluctant to pay for advising on mergers and banks accept near-zero fees for taking state enterprises public.
Emerging markets re-emerge on investors' radar: Mobius (The Globe and Mail | Apr 12) After sustaining losses earlier this year amid jitters about the unrest in the Middle East and North Africa, emerging market funds have begun to gain traction again over the past couple of weeks. The sector attracted $5.7-billion (U.S.) in new money this past week - the highest influx of funds into the area in more than six months, according to Boston-based fund tracker EPFR Global.
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Capital Markets
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Indians Save, Americans Invest (Knowledge @ Wharton | Mar 24) As could be expected, higher education is a good indicator of financial skills. Highly educated Indians take on more financial risk; find better returns on investments and better rates for insurance policies; have more financial goals in general and specifically more long-term goals; and hold more financial instruments. Participants report an average of 1.67 loans per household, for either personal use, home loans or car loans. Home loans are the most prevalent liability (and the soundest), and this applies for all categories of risk tolerance and education.
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Education
***************************************** More Grad Students Eyeing U.S. (Inside Higher Ed | Apr 12) International student applications to graduate schools in the United States are up 9 percent this year, and while the countries sending the most students are doing so at different rates, the gap between them has narrowed... most applicants are going to institutions with already high international student enrollment; applications from the Middle East and Turkey are rising, though at a slower rate than in years past; and private, nonprofit colleges and universities boast the biggest increases.
Is America's education system better than we think? (Dallas News | Mar 21) In the latest edition of Foreign Policy magazine, Ben Wildavsky delivers an upbeat argument against the oft-peddled lines about America's decaying education system. He offers an encouraging assessment that concerns about math whizzes from China "eating America's lunch" are over-hyped. Likewise, Wildavsky argues that the U.S. shouldn't be so concerned with comparing itself to Finland or South Korea, places that do not face the same demographic challenges the American education system has to deal with. And he says we should stop obsessing about a fairy tale, Sputnik-driven American golden age of education, since "there wasn't one." Those are valid points.
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Opinions
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Why It's Still a Unipolar Era (The American | Mar 22) Sometimes it takes a crisis to dispense with intellectual fads. The world's response to Libya has made clear that currently fashionable arguments about the "rise of the Rest" and the world's new "nonpolarity" are simply untrue. Charles Krauthammer was wrong about one thing in his description of the "unipolar moment" at the end of the Cold War: We are not living in a unipolar moment, we are witnessing a unipolar era. Why? Because the "rest"-China and India-are unable and unwilling to lead.
India's costly culture of corruption (Washington Post | Mar 28) "...After all, this is a country where people of a certain age still remember when you had to bribe somebody to get a train ticket, a phone line or government approval for a new piece of business equipment. The "License Raj," and the petty bribery that it gave rise to, were said to have ended in 1991 with the market liberalization and deregulation pushed through by then-Finance Minister Manmohan Singh..."
The China 'threat' as a blessing (Asia Times | Apr 12) Geography is destiny - perhaps the most inevitable of all. China is the Asian country with the greatest number of bordering neighbors and, large or small, has less than idyllic relations with all of them. Many are unstable; others are ambitious and eye China's economic and political growth with fear and suspicion; and most have a history of vassalage to China from which they have freed themselves only in the past century. They all tend to worry that China, once again a superpower, will try to force them back into bondage.
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Sincerely,
ICA Institute
Please send your comments/suggestions to [email protected]
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