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IIMB Management Review

Document Type

Discussions (Round Table)

Abstract

Liberalisation has seen many economies, especially in Asia, opening their hitherto sheltered domestic markets to global competition and providing greater opportunities to trade and foreign investment. The spinoffs of liberalisation bring in new implications, opportunities and challenges for the governments as well as the organisations involved. Round Table features some of the issues discussed in the conference on 'Managing Economic Liberalisation in South Asia : Directions for the 21st Century' held in Chennai, India, from August 10 -13. Selvarajah examines the realignment of economies towards globalisation as a development of regionalism. The shift in economic forces away from multilateral arrangements to regional groupings is seen as a medium measure, prior to globalism. India could serve as a pointer to the many issues that liberalisation has brought in its wake. The power sector, the environment policy and the degree of protection afforded to intellectual property(IP) are areas (among others) that need to be assessed afresh. Gopalkrishnan and Kodwani examine the Indian power policy with special reference to tariffs and suggest a conceptual framework for preparation of tariffs based on future costs of supply, taking into account the subsidies implied. V Anuradha explores the effects of trade liberalisation on environmental policies and the need for technical cooperation and assistance in protecting the environment. Bernard Wolf reviews IP protection in Canada and India, the driving forces behind their policies and implications for future development. Using India's emerging technology companies as reference, Simon Zinger looks at equity compensation as a strategy for retaining highly skilled workers within organisations and within the country while ensuring at the same time that the local industry remains productive and globally competitive. James Liu analyses how Taiwanese IT manufacturers internationalise their operations and studies how Taiwanese MNCs invest in other Asian countries as compared to Japanese MNCs. An impediment to the economic development of many developing countries is the inadequacy and the high cost of funding which is brought about by under developed capital markets. Lakshman Alles examines the method of asset securitisation as an integral part of capital market development and its potential as a technique of financing in under developed financial markets. Given the reality of the global organisation, managerial selection and training procedures and the way managers link across subsidiaries would be the key to managing organisations. Intercultural training, contends Irene Rubio, provides for clearer communication and understanding in collaborating cross-cultural teams.

Publication Date

7-1-1998

First Page

93

Last Page

106

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