India, China and the Global Economy by Prof. Sanjay Peters
Asia Research Centre and China World Network WORKSHOP INVITATION
India, China and the Global Economy
Seminar Series by Prof. Sanjay Peters, Department of Economics, ESADE Business School. Universitat Ramon Llull, Barcelona, Spain
ABSTRACT
The global business revolution and economic reforms unfolding in India and China are currently having, and will continue to have, a major impact on the economies of the US and the EU as well as on those in Africa, Latin America and Asia for at least the next fifty years albeit in varying degrees. The bilateral trade and political relations between China and India have also undergone major change over the past decade. The re-emergence of India and China as major global players should not, however, be viewed as potentially threatening to the regional balance of power or to other Asian nations economic stability.
This seminar series aims to address ways in which governments and firms from industrially advanced as well as developing countries can better understand and adapt to the institutional reforms taking place in India and China. It also seeks to identify effective business strategies for international firms so as to take advantage of the new investment opportunities that these two countries offer. Both India and China share certain common features. The most glaring of these is their large geographical size and populations of over one billion. They also differ in other respects. Both countries have pursued distinct models of economic development, and the political institutions that shape their respective national policies are also in stark contrast.
At a macroeconomic level, GDP growth in China over the past decades at 10 percent has been notably higher than that of India at 7 percent. China is the leading destination in the world for foreign direct investment in 2006. However, at a microeconomic level, Indian private companies from the manufacturing as well as service sectors have shown much more dynamism and international competitiveness than their Chinese counterparts over the past decade. What do these broad indicators reveal? Do they suggest that China delivers the highest returns on FDI’s in Asia over the short term whereas India is more viable over the medium to long-term in company growth, or do current patterns reveal that India is more suitable for outsourcing in services whilst China is more appropriate for manufacturing?
An analytical overview of the legal, financial and socio-political institutions as well as a discussion of the on-going reforms in India and China will shed light on the debate about these two rising Asian powers, their political and economic stability, the potential opportunities and risks they may pose for foreign direct investments as well as on global environmental degradation and national security.
PROGRAMME
1 October 10.00-12.00:
Economic Develpoment, Political Reforms and Social Change in Contemporary India and China (1947-2007)
Venue: Asia Research Centre, Porcelænshaven 24, 2000 Frederiksberg, Room 0.78.
2 October 13.00-14.30:
Strategic Alliances versus Greenfield Investment: Accessing the Market and Managing Risks in China and India,
Entrepreneurship and Economic Development in India and China: The Impact of State Policy on Individual Business Pursuits.
Venue: Department of International Economics and Management, Porcelænshaven 24, 2000 Frederiksberg, Room 0.78
3 October 10.00-12.00:
The Impact of India and China on Developed and Emerging Markets Respectively: Case Studies from the US, EU, Latin America and Africa.
-
US Economic Growth and the Rise of China and India?
-
The Impact of India and China on the Economic Growth and Development in EU Member States: Opportunity or Threat?
-
Is Africa a Winner or Loser Due to the Rise of China and India?
-
To what extent is Latin America Made Worse or Better off by China and India in the 21st Century?
Venue: Asia Research Centre, Porcelænshaven 24, 2000 Frederiksberg, Room PH407.
4 October 16.00-18.00:
Comparative Analysis of Investment Opportunities and Risks associated with India and China as Leading Emerging Markets.
Understanding the Business Culture in China and India: A Case Study Analysis of Successful EU Firms.
Venue: Copenhagen Business School, Dalgas Have 15, 2000 Frederiksberg, Room SØ 089
5 October 10.00-12.00
Economic Development and Environmental Performance in Post Reform China: An empirical review. Lessons to be learned for India.
Venue: Department of International Economics and Management, Porcelænshaven 24, 2000 Frederiksberg, Room 0.78
Note:
Some of the presentations as part of this seminar series on “India, China and the Global Economy” do not in any way reflect original research work, but instead provide an overview of major debates, extracts from books, reports, presentations and research work undertaken by various leading scholars from different research institutions. These specific sources are listed below.
Seminar on Historical Overview of the Indian Economy
India in the World Economy: Opportunities and Challenges of Globalization (Study Presented in Barcelona, 2005). Amit Shovon Ray, Professor of Economics and Chairman of the Centre for Trade and Development, School of International Studies, Jawaharlal Nehru University, New Delhi.
Seminar on Macro-Policy Reforms: Pre-to-Post reform India .
India in Transition: Freeing the Economy. Jagdish Baghwati, Clarendon Press, Oxford, (1995).
Seminar on India and China : a comparative analysis of India ’s fastest growing economies
• BusinessWeek, Asian Edition. Special Double Issue ‘China & India’. August22/29, 2005.
• Financial Times 1/09/2004
• AT Kearney Report 2004
• McKinsey Report 2004
• Boston Consulting Group 2003
Seminar on The Rise of China and India: What is in it for Africa?
OECD Development Centre. Nicolas Pinaud et al, 2006.
Seminar on Strategizing in Response to Change
Ten Tips from Successful European Companies in India. Boston Consulting Group and CII. 2005
The India Manufacturing Opportunity: India’s Global Challengers. A Report by, Boston Consulting Group and the Confederation of Indian Industries (2006)
| Attendance
Confirmation of attendance would be highly appreciated. Contact: Lise Peitersen or Michael Jacobsen |