Please prepare a dissertation on any ONE of the following topics:
Will EU survive the second decade of the new millennium?
The European Union (EU) was formed to bring down economic, trade and immigration barriers between the small and fragmented European nations to attain economic scale and curb nationalistic tendencies in the region. The introduction of Euro, as a common currency, enhanced trade integration and facilitated a cross border, single market system across Continental Europe, but sovereign spending has outstripped developments and the union has permitted below-par countries to survive in the union, which otherwise might have failed individually. Now Euro has added to the woes, where countries such as Portugal, Italy, Ireland, Greece and Spain (PIIGS) are unable to take the usually available monetary measures to repay their debts. In view of the current economic crises, what will be the future of EU? Will it survive as we know it? Or will the 'PIIGS' pull it down? Have we seen the bottom of the sovereign debt crisis iceberg yet? Or is it just the beginning? Will it further slowdown the global economy or will it wither away? Which countries will do better and which will suffer the most? Will it affect more countries? What will be the impact of various austerity measures proposed? Will it bring down governments? Or will it make the union even stronger? What will the EU need to do to survive in the second decade of the new millennium?
Relevance of corporate governance for emerging economies
In a recent survey conducted by KPMG in India, 35 percent of respondents consider weak oversight and monitoring as the biggest risks to corporate governance, while 21 percent perceived management override as the greatest risk. A significant majority would prefer greater empowerment to independent directors and think that there is still a long way to go in protecting minority shareholders. What are the major challenges and trends for corporate governance in emerging markets? How do they stack up against each other and where do they stand in its evolution process? Do the ASEAN countries and other emerging economies show reasonable corporate governance standards? If not, what implications is it likely to have? Where are the perceived gaps? Is it in the regulatory framework? Or is it more of an implementation issue?
Future of Global Research & Analytics business
The Global Research & Analytics business in a short span of a decade has grown into an industry in its own right. Since its birth, it has lived through some of the best times in the capital markets, survived the largest ever global financial crises, and constantly evolved itself to remain relevant to its customer and the market. Both captive and third party business models have co-existed and the business over time has progressed from 'structured sell-side support' to 'ad hoc buy-side requirements'; moved from providing 'resource solution' to 'research solutions'; moved from just being a 'cost arbitrage story' to being a 'capability enhancement story'. However, this business is yet to see landside growth, the way its ITO and BPO cousins had witnessed at the advent of the offshoring story. Has the Global Research & Analytics business already matured? How will it evolve, especially in the challenging atmosphere of current global economic and financial situation? Do the business dynamics and models need a change? How will it affect the value proposition of the business? Will the business be able to make the shifts it has historically been able to make and stay relevant to its customer and the market? What are the major trends and challenges awaiting this business in the near future? Would it be different for captives and third parties? Or would we see an entirely new business model?
Outreach on Social Networks: Strategy for Companies in the Service Sector'
Increasing popularity of social network websites has changed the face of media in the past 5 years, and has the potential to change the way marketing is done just like Google changed the world of advertising. However, most organizations are yet to harness the power of social networking sites, more so because social networks seem to work very organically and have an intelligence of its own, which at times can throw things out of control. How can CRISIL &/or other financial services companies use this new powerful instrument to make a bigger impact in the market and serve customers better? Can this tool be used to disseminate information? Can social networks help companies better engage with their customers, investors, market makers, and employees? Can it be used to even 'listen' to the markets? How can companies avoid negative publicity and misinformation? How social networks process information and pass them on? What is the role of large heterogeneous groups in doing so and how do they behave? Have intelligently designed experiments aimed achieving a better understanding, shown desired results?
India's infrastructure - a boon or a bane
India, since the opening of its economy has made tremendous strides towards growth and reforms, thereby putting it on the global map for all the right reasons. But somewhere in the recent past, the controversies around the execution of the infrastructure projects may have created an adverse impact on the perceptions about the country. The 2010 IMD World Competitive Yearbook for Infrastructure ranks India 54th out of the 58 countries with India only beating Indonesia, Philippines, Peru and Venezuela. Although the Government of India's 12th five-year plan (2013-2018) calls for doubling the financial outlay for infrastructure to $1 trillion, is the policy framework strong enough to facilitate implementation of these projects. Are India's policies dynamic enough to adapt to the infrastructural development needs, especially under the current governance system? What are the solutions that are needed to bring the change and how could it happen? Will India be able to develop the required infrastructure, fast enough, to sustain its economic growth? Will it be able to catch up with other developing economies? How will the trends evolve and what impact will it have on India's image in front of the world.
Will Argentina be able to maintain its competitiveness in international markets?
As a consequence of one of its prior economic and political crises and after a decade of having the peso pegged to the US dollar, Argentina completely abandoned the currency board in 2002 and allowed its currency to float freely. With the possibility of exercising monetary policies plus favourable internal as well as external factors, the country experienced one of its most illustrious periods of growth in history. Today, after almost a decade of walking through this new paradigm, one crucial question starts to pop up with strength: Can Argentina maintain its competitiveness in international markets? What policies should be implemented to sustain or even foster growth? What are the potential challenges on this front, in the next 5 to 10 years?
Amid inflation and high interest rates, does the Indian economy hold good prospects in the next one year
The Reserve Bank of India (RBI) has been revising interest rates since early 2010, but inflation has not come down. While monetary tightening is yet to lower inflation, it has begun to adversely impact industrial performance as well as investment and private consumption. The interest rate hikes, designed to contain inflation, have raised the cost of credit and may have made availability of credit more difficult. Amid high inflation and high interest rates, do economic prospects for India in next one year look good?
Should Poland adopt the Euro?
'To Euro or not to Euro' has been a question long in discussion in Poland. What seemed like a no-brainer a few years ago has become a more complex puzzle, demanding careful economic analysis of the common currency, its constituent nations and its impact on the Polish economy. Amid the faltering economies and falling government bond ratings in the Eurozone, the decision on Euro adoption might again seem like a simple choice; but, is it really so, or is timing of the essence here?
Property prices in China - is a correction imminent?
Property prices in China, especially, in the Tier I and Tier II cities, have risen substantially over the last decade. Key indicators such as price-to-income ratio and price-to-rent ratio could lead to questions on sustainability of these prices. The Chinese government has recently undertaken measures to restrict funding of property projects. Would these be effective in the long-run? Or would the Chinese growth juggernaut and the resultant urbanisation easily absorb such shocks?
The Indian Placement Reporting Standards - will they succeed?
Pioneered by IIM-A and adopted by 22 other business schools, the Indian Placement Reporting Standards (IPRS) is a framework aimed at standardizing reporting of placement statistics. The framework is freely available in the public domain for voluntary adoption by other business schools. The IPRS specifies the standard format in which the aggregate statistics will be reported across function, sector, and location (within and outside India) and mandates demarcation of performance linked compensation from fixed salary, enabling a more realistic understanding of offers on campus. Although this initiative heralds in a new wave of transparency in the business school sector, will these standards meet with resounding success?