15.225  Economy and Business in Modern China and India (H1)

MIT India Conference

We saw some of the videos from last year's India Conference in the lecture on Corruption and Values. Here's a message from this year's India Conference team:

The MIT India Conference aims to create an annual forum to discuss the opportunities and challenges in India. This encompass a wide range of topics from frugal innovation to help the less privileged multitudes to a burgeoning global business presence. The conference aims to find new ways to leverage MITs strengths in technology and education to address key opportunities in India while at the same time fostering greater cooperation between MIT, the US and India.

To learn about how you can become a part of this endeavor, reach out to Rashi Gupta at rashi_g@mit.edu

Announced on 12 April 2012  5:36  p.m. by Ankit Jain

MIT China Forum

MIT China Forum

Eclipse: Living in the Shadow of China's Economic Dominance
by Arvind Subramanian

Monday, April 9, 4:30 - 5:30 p.m.
MIT Building E62-276

free & open to the public, light refreshments provided

In his new book, Arvind Subramanian presents the following possibilities: What if, contrary to common belief, China's economic dominance is a present-day reality rather than a faraway possibility? What if the renminbi's takeover of the dollar as the world's reserve currency is not decades, but mere years, away? And what if the United States' economic pre-eminence is not, as many economists and policymakers would like to believe, in its own hands, but China's to determine? Subramanian's attempt to quantify and project economic and
currency dominance leads him to the conclusion that China's dominance is not only more imminent, but also broader in scope, and much larger in magnitude, than is currently imagined. He explores the profound effect this might have on the United States, as well as on the global financial and trade system.

Subramanian is senior fellow jointly at the Peterson Institute for International Economics and the Center for Global Development. His book Eclipse: Living in the Shadow of China's Economic Dominance was published in September 2011. Foreign Policy magazine has named him as one of the world's top 100 global thinkers in 2011. For more information, please contact Sean Gilbert at
(617) 253-5068 or seang@mit.edu.

Announced on 05 April 2012  12:53  p.m. by Ankit Jain

Another Pharmaceutical Patent Case in India

In a landmark decision that could set a precedent on how life-saving drugs under patents can be made affordable, the government has allowed a domestic company, Natco Pharma, to manufacture a copycat version of Bayer's patented anti-cancer drug, Nexavar, bringing down its price by 97%

http://timesofindia.indiatimes.com/india/Govt-uses-special-powers-to-slash-cancer-drug-price-by-97/articleshow/12240143.cms?utm_source=facebook&utm_medium=toionFB

Announced on 13 March 2012  2:01  p.m. by Ankit Jain

Update on Class Readings for Tuesday, March 13th

Tuesday’s class will focus on the decisions that multinational managers face in entering China and India. There are two background readings and two cases that involve the different countries and two alternative strategies. In order to prioritize the readings and to balance the case preparation among the class please note the following:

1. The two case assignments will be split among the class. If your last name begins with the letters A through J, please read “Samsung Electronics (B): In India”. If your last name begins with the letters K through Z, please read “Ebay’s Strategy in China: Alliance or Acquisition”. If you have already prepared one of the cases, that’s fine.

2. “Drivers of Success for Market Entry into China and India”, skim but consider the Conclusions on pages 25 through 29.

3. “Strategies That Fit Emerging Markets”, skim but read The Three Strategy Choices on pages 13 through 15.

Announced on 11 March 2012  6:54  p.m. by Ankit Jain

Final paper teams: add an extra member?

Announced on 09 March 2012  8:59  a.m. by sszhang@mit.edu