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Understanding Emerging Markets : China and India - Peter Enderwick

Understanding Emerging Markets

China and India

Paperback Published: 20th March 2007
ISBN: 9780415370851
Number Of Pages: 264

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Emerging markets (Ems) are the focus of increasing interest in the field of international business, as they provide significant challenges and great opportunities. Focusing on the dynamics of emerging markets, this informative book provides an academically rigorous yet business-oriented analysis of the key issues in this area and incorporates chapters on:


  • the nature of emerging markets

  • market development

  • integrating Ems in the global economy

  • implications for business strategy.

Providing an in-depth analysis of two of the most important Ems, China and India, this user-friendly text incorporates extensive case studies, boxed summaries, discussion questions and an extensive bibliography.

Industry Reviews

"This book presents realistic approaches toward doing business in large emerging markets (LEMs), and discusses, at length, the challenges faced by Western businesses. The volatility in the markets, the social and informational risk and the lack of opacity are some of the issues that foreign firms have to deal with. The book provides useful guidelines to firms doing business in these two emerging markets.".

--Professor Pervez N. Ghauri, Manchester Business School, The University of Manchester, UK

"This well-written book presents an extremely well balanced overview of the confrontation between the opportunities and the risks which are typical of the emerging markets of China and India. Especially interesting about this new type of worldwide challenge, that is brought about by the enormous expansion of those countries, are the implications for management and global restructuring."

--Professor Daniel Van Den Bulcke, University of Antwerp, Chairman of the European Business Academy

"This is a timely book and one which needed to be written. Professor Enderwick provides an excellent, yet succinct, survey of the economic renaissance of China and India, and the response of each to the challenge of globalization. The volume contains man new ideas and deserves to be widely read by scholars, business executives and policy makers alike."

--John H. Dunning, Reading and Rutgers Universities

Acknowledgmentsp. IX
Introductionp. 1
Introductionp. 1
Rationale for the Bookp. 3
Structure of the Bookp. 3
What Is a Large Emerging Market?p. 4
Characteristics of Emerging Economiesp. 5
Economic Characteristicsp. 5
Technological Characteristicsp. 6
Sociocultural Characteristicsp. 8
Political Characteristicsp. 9
Nature of Business Systemsp. 10
Opportunities in Emerging Marketsp. 11
Marketsp. 11
Low-Cost Productionp. 16
Learning Opportunitiesp. 17
Why the Focus on China and India?p. 22
Conclusionsp. 24
Implications for Managementp. 24
The Significance of China and Indiap. 27
Introductionp. 27
A Return to Domination?p. 28
China and India: Similarities and Contrastsp. 29
Size Versus Growthp. 33
Global Engine of Growthp. 34
China as a Threat?p. 35
Impacts on World Marketsp. 37
Consumer Marketsp. 37
Commodity Marketsp. 41
Capital Marketsp. 42
Exchange Rates and Trade Balancesp. 42
Domination of Labor-Intensive Manufacturingp. 43
Upgrading into High-Tech Productsp. 45
Positive Links to Developing Countries?p. 47
Is China More of a Threat Than Japan Was in the 1980s?p. 48
Is China Driving the World Economy?p. 50
Conclusionsp. 51
Implications for Managementp. 52
The Challenges of Doing Business in LEMsp. 55
Introductionp. 55
Risk in Large Emerging Marketsp. 56
Volatilityp. 58
Country Riskp. 61
Social Risksp. 63
Informational Risksp. 63
Corruption and Opacityp. 64
Corruption and Guanxip. 68
Economic Diversityp. 70
Economic Inequality in Indiap. 76
Competition in Large Emerging Marketsp. 79
Market Failuresp. 82
Labor Market Failuresp. 83
Product Market Failuresp. 84
Financial Market Failuresp. 85
Infrastructure Failuresp. 86
Intellectual Property Rights Failuresp. 86
Disadvantages of Foreignnessp. 88
Market-Making Investmentsp. 91
Conclusionsp. 93
Implications for Managementp. 94
The Evolution of Large Emerging Marketsp. 95
Introductionp. 95
Economic Evolutionp. 96
Conceptualizing LEM Evolutionp. 101
Obstacles to Emerging Market Evolutionp. 111
External Factorsp. 112
Internal Factorsp. 117
Conclusionsp. 128
Implications for Managementp. 129
China and Indiap. 131
Introductionp. 131
Structure of the Chinese and Indian Economiesp. 133
Competitionp. 138
Complementaritiesp. 142
Collaborationp. 144
Innovation and Economic Upgradingp. 145
Reliance on Foreign Technologyp. 148
Policy Initiativesp. 152
Human Resourcesp. 154
Intellectual Propertyp. 154
Competition Policyp. 155
Fundingp. 156
Other Obstacles to the Creation of an Effective National Innovation Systemp. 157
How Much of a Threat Do China and India Pose?p. 158
Internationalization of Domestic Firmsp. 159
Challenges That Each Country Facesp. 164
Conclusionsp. 167
Implications for Managementp. 168
The Political Economy of the Rise of China and Indiap. 171
Introductionp. 171
Emerging Markets and the World Economyp. 172
International Institutionsp. 175
The Danger of Containmentp. 177
China, India, and the Regional Economyp. 178
Strength in Diversity?p. 181
China, India, and Developing Countriesp. 182
China, India, and Developed Countriesp. 187
China, India, and Global Restructuringp. 187
The Revival of Protectionism?p. 189
Conclusionsp. 191
Implications for Managementp. 192
Lessons for Business and Governmentp. 193
Introductionp. 193
The Attraction of China and Indiap. 193
Marketsp. 193
Low Costsp. 196
Specialist Resources and Learning Opportunitiesp. 197
The Challenges of Doing Business with China and Indiap. 199
Challenges of Emerging Marketsp. 199
Challenges of China and Indiap. 201
The Contribution of Foreign Business to China and Indiap. 205
Role of Supportive Government Policyp. 207
Policy Implications for Developed Countriesp. 208
Education and Upgradingp. 209
Labor Market Adjustmentp. 211
Conclusionsp. 212
Final Thoughtsp. 213
Introductionp. 213
Similarities and Contrastsp. 213
Opportunities and Threatsp. 214
Impact on the Rest of the Worldp. 215
The New Protectionismp. 216
Referencesp. 219
Indexp. 237
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780415370851
ISBN-10: 041537085X
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 264
Published: 20th March 2007
Publisher: Taylor & Francis Ltd
Country of Publication: GB
Dimensions (cm): 22.86 x 15.88  x 1.91
Weight (kg): 0.35
Edition Number: 1

Earn 182 Qantas Points
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