Today, we live in a world so intertwined that a 
financial contagion has an astounding probability of making it to the farthest and most alienated places of Earth. Did anybody say financial inclusion? Well, for whatever, the recent subprime shake out has been a crisis of sorts; and how far have the Asian giants been exposed is a question worth pondering over, considering the increased role of Asia in the global financial system. Well, there’s no doubt that the aftershocks of US sub-prime have traversed far enough and hit the Asian shores, which is quite palpable from the widening bond spreads shown in the charts. But one has to consider the following. The external debt of Asian economies has reduced significantly – placing them strongly against hasty capital outflows and currency depreciation. External debt as a percentage of GDP for emerging East Asia and other Emerging Asia has fallen by almost 10% & 5% (approx), respectively. Again, if one takes into consideration the government balances, one would find that fiscal prudence has been noteworthy.
For Complete IIPM Article, Click on IIPM Article
financial contagion has an astounding probability of making it to the farthest and most alienated places of Earth. Did anybody say financial inclusion? Well, for whatever, the recent subprime shake out has been a crisis of sorts; and how far have the Asian giants been exposed is a question worth pondering over, considering the increased role of Asia in the global financial system. Well, there’s no doubt that the aftershocks of US sub-prime have traversed far enough and hit the Asian shores, which is quite palpable from the widening bond spreads shown in the charts. But one has to consider the following. The external debt of Asian economies has reduced significantly – placing them strongly against hasty capital outflows and currency depreciation. External debt as a percentage of GDP for emerging East Asia and other Emerging Asia has fallen by almost 10% & 5% (approx), respectively. Again, if one takes into consideration the government balances, one would find that fiscal prudence has been noteworthy.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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always having higher margins, they have been golden geese for retailers and Vishal has all reasons to make a maiden entry in private cosmetics. But an exception is Shoppers’ Stop, which will launch its offensive. Comments S. Ranganathan, Chief of Operations, Shoppers’ Stop Ltd, “We will be launching more and more brands and this will be festival specific; the timings will be different for Durga Puja and different for Diwali.” Even before Ganesh Chaturthi, this retailer has a target of unleashing 4 new stores and there will be a fl at 30% discount offer, which will be duplicated for Durga Puja in the city of Kolkata. With the artillery in place, retailers are ready to fire a volley of special formats of retail stores and this fiesta will see a scuffle between these formats. To make things more interesting, Home Town from Biyani’s stable will be offering special home furnishing and interior decoration services this time.
