BLUNTING THE MNC EDGE

Most developing countries lack the soft infrastructure that makes markets work efficiently. Because of institutional voids – the absence of specialized intermediaries, regulatory systems and contractenforcing mechanisms – corporations in emerging markets cannot access capital or talent as easily or inexpensively as European & American corporations can.

Nevertheless, businesses in developing countries can overcome such disadvantages for three reasons. First, when multinational companies from the developed world explore business opportunities in emerging markets, they must confront the same institutional voids that local companies face. However, executives from multinational companies are used to operating in economies with well-developed institutional infrastructures and are therefore ill-equipped to deal with such voids.

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

FLIP THE FILIPINO ANTIQUE

Earliest inhabitants of Philippines were the Negritos who came from the ancient cities of Sumatra and Borneo, followed by the Malays from the South. Thus, started a 5,000 year old civilisation. Down the line, Chinese traders and merchants as well as Arabs also settled in the country. It is during this time that Islam and trade spread their wings. But, Philippines as we know today came under the radar of Europeans when Ferdinand Magellan, famed Portuguese voyager, led a Spanish expedition and created friendly associations with the local Filipino tribes and encouraged Catholicism. And Philippines came to be known as part of ‘New Spain’ from 1565 to 1821, before being fully taken over by the Spanish empire. It was during Spanish reign that Philippines first opened itself for international trade in 1863.

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Source:- IIPM Editorial, 2006

Visit:- IIPM Publication, Arindam Chaudhuri Initiative and B&E.

DANCE OF ECSTASY?

The FDI between the two countries is at pathetically low levels (with India receiving just 0.1 million in past 15 years). Clearly, there remains a gaping opportunity to tap. On the brighter side, Turkey has been a host to a number of remarkable Indo-Turkish projects like the $35 million construction project awarded to IRCON, Punj Lloyd’s collaboration with LIMAK for the prestigious Baku-Ceyhan Pipeline and the signing of an array of MoUs between Turkey and Indian oil and gas companies like GAIL and ONGC Videsh Limited. Both the countries are trying to come up on this front, as the institutions like WTC Mumbai and Indo-Turkish Business Association are leaving no stone unturned in their effort to push investment between the two countries. India and Turkey have signed many agreements including double taxation avoidance agreement and Joint Economic Commission on trade. The latest being the field-oil exploration, as per which, India will contribute through its IT knowledge & Turkey will provide its oil reserves. Located at the crossroads between Asia and Europe, and possibly the next member of the EU, Turkey is one country which India should definitely partner with.

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Source:- IIPM Editorial

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Time to set sail!

Where there is a will, there is a way and where there is not, Indian companies have surely learnt the art of creating one. Indian companies, which had relinquished the hope of tapping Indian bourses for funds, just because they fell short of SEBI’s prescribed disclosure norms and didn’t have any ‘track record’, since they were new to markets, have found a solution. Companies which are relatively new, have small operations and with low fund requirement are making a beeline for the Alternate Investment Market (AIM) at the London Stock Exchange. AIM provides a platform for small and growing companies to raise funds through IPOs and further capital raising.

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

Predatory instincts

Coming April 2007 the entire banking industry in India will be like a cat on a hot tin roof. While the Scheduled Commercial Banks (SCBs) will try to migrate to Basel II norms, co-operative banks in India will have to pay tax on their profits. Though the former is in the interest of banking industry, the later appears to be in the interest of government as it will be a double whammy for already undercapitalized and underperforming co-operative banks in India.

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

A Muslim nation will enrich EU

Turkey is important for EU because of its strategic location; it acts as a bridge between East and West. Turkey’s young and educated population can supply skilled manpower to compensate EU’s ageing population. If EU does not end the Turkish Cypriot isolation for direct trade, then Turkey does not open its ports, and thus, the talks would stall, which no one wants at present. Germany’s Merkel and France’s Chirac suggested increasing the deadline for Turkey to open the ports by 18 months, and are seeking to partially put the talks on hold. But many have opposed this view including Italy’s PM, Prodi, who said “Our position is that we should leave the door open, and ensure that the rules of EU integration are equal for all.”

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

Developing water transport

Though quite a few waterways have been declared national waterways, what essentially needs to be done is to create a viable regulatory authority and allow private operators to run inter-state/city water transport services; the government also needs to complement this with a major dredging operation to bring our clogged water ways to navigable shape. Though such dredging operations won’t be cheap, yet the savings in terms of fuel can more than justify the spending.

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative