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

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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