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COVER
STORY
Economics
of Sports : More than Medals
-- Amit Singh Sisodiya and Sudesh Gonela
Big
sporting events like Beijing Olympics are no longer
just about winning medals, national pride and sportsmanship;
it is increasingly about leveraging on the commercial
aspects of the games that are fast catching up with
corporates and hosts alike. Beijing Olympics, probably
the costliest in the games' history, has seen China
invest a staggering $43 bn in building infrastructure
and other facilities for the mega show. While sportspersons
vie for the glory of gold, silver and bronze, a greater
focus would be on how the host city fares.
© 2008 The Icfai University Press. All Rights Reserved
INDUSTRY
Global
Airline Industry : In Troubled Skies
-- Amit Singh Sisodiya and KS Revathi
The
global airline industry will soon be flying into troubled
skies, courtesy the runaway international oil prices,
warns the International Air Transport Association (IATA).
© 2008 The Icfai University Press. All Rights Reserved
INDUSTRY
Indian
IT Industry : De-Risking Drive
-- Amit Singh Sisodiya and Siba Prasad Pothal
With
the slowdown in the US economy, the Indian IT majors
move to diversify into emerging markets in an effort
to de-risk their business models.
© 2008 The Icfai University Press. All Rights Reserved
INDUSTRY
Natural
Gas: The Next Oil?
-- R Venkatesan Iyengar
Natural
gas has what it takes to emerge as a serious alternative
to oil. It is abundant, protean, and above all environment-friendly.
However, much depends on how the supplies via pipelines
are handled.
© 2008 The Icfai University Press. All Rights Reserved
CORPORATE
STRTEGY
Apple's
iPhone : A Window of Opportunity
-- N Janardhan Rao and PS Sarath Chandra
With
its latest version of iPhone, Apple aims to garner the
markets across Europe and Asia, which have a far higher
appetite for high-speed devices.
© 2008 The Icfai University Press. All Rights Reserved
TECHNOLOGY
Internet
Business : Survival of the Fittest --
T Jyotsna
Though
there are numerous companies in Internet business, the
real competition is among the major Internet business
players like Google, Yahoo!, eBay, Amazon and Microsoft.
© 2008 The Icfai University Press. All Rights Reserved
BUSINESS
ENVIRONMENT
Slowdown,
Stagflation and Recession : A War of Words
-- Andrew J Sherman and Kartikeya Tana
Whether
or not the US economy is suffering from `recession',
`stagnation' or a `serious slowdown' is a debate that
has both economic and political connotations.
© 2008 The Icfai University Press. All Rights Reserved
BUSINESS
ENVIRONMENT
Growth
with Equity : The Challenges of Job Creation in India
-- Deepali Pant Joshi
The
key challenge before the Indian economy is how to translate
productivity growth into increases in employment and
real wages. To achieve this, the central and state governments
must make job creation a fundamental part of their economic
agenda.
© 2008 The Icfai University Press. All Rights Reserved
BUSINESS
ENVIRONMENT
Farmland
Investment : An Answer to Food Crisis?
-- N Janardhan Rao and PS Sarath Chandra
The
renewed interest in farmland is raising hopes of providing
a solution to the global food crisis at a time when
the global population is increasing and food production
is stagnating.
© 2008 The Icfai University Press. All Rights Reserved
BUSINESS
ENVIRONMENT
Clean
Technology Investing : Gaining Ground
-- Y Bala Bharathi, Sanjoy De and G P Mrudhula
With
galloping concerns over global environment and the growing
public interest in eco-friendly products, clean technology
investing is gaining popularity among investors across
the globe.
© 2008 The Icfai University Press. All Rights Reserved
BUSINESS
ENVIRONMENT
Indonesia's
Oil Industry : Opportunity Lost
-- N Janardhan Rao and PS Sarath Chandra
Declining
oil reserves and high crude prices have forced Indonesia
to pull out of the oil cartel. Despite being one of
the oldest members of OPEC, Indonesia has failed to
take advantage of a potential windfall of petrodollars.
© 2008 The Icfai University Press. All Rights Reserved
BUSINESS
ENVIRONMENT
OPEC
: Why Is Indonesia Pulling Out?
-- Dr. Bhamy V Shenoy
When
Indonesia was an oil exporter, it had greater flexibility
in managing petroleum product prices. At present, most
OPEC countries are taking recourse to heavily subsidizing
petroleum products, though it is not sound economics.
© 2008 The Icfai University Press. All Rights Reserved
BUSINESS
ENVIRONMENT
Global
Oil Industry : India, the New Refinery Hub
-- Amit Singh Sisodiya and Imrana Moghul
India
looks all set to emerge as the new global refinery hub
as several new, world-scale refineries, coupled with
capacity expansions at many existing plants, are slated
to go on stream soon in the country.
© 2008 The Icfai University Press. All Rights Reserved
MERGERS
AND ACQUISITIONS
Ranbaxy-Daiichi
Sankyo : The Blockbuster Buyout
-- Amit Singh Sisodiya and Sudesh Gonela
The
decision of Daiichi Sankyo, Japan's third largest pharmaceutical
company, to acquire Ranbaxy Laboratories, India's largest
pharmaceutical company and ninth generic drug maker
in the world, is both shocking as well as welcome.
© 2008 The Icfai University Press. All Rights Reserved
ART
& ARTISTS
Leonid
Hurwicz (1917-2008) : Oldest Economist to Get Nobel
-- GRK Murty
It
is a matter of commonsense that economic transactions
take place in markets. What is, however, not that commonly
known is about the economic transactions that take place
within firms and a host of other institutional arrangements,
but are mostly guided by the market prices.
© 2008 The Icfai University Press. All Rights Reserved
APOLITICAL
Derailed
Doha Talks : What Next?
-- grk
Riding a bicycle has never been easy, particularly
for a new practitioner. But hope is the spark of life.
The bumped new cyclist does not give up. He gets up,
jumps onto the seat again, and starts pedaling afresh.
© 2008 The Icfai University Press. All Rights Reserved
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