As illustrated by companies like India’s Tata Motors or Infosys, China’s Huawei Technologies and Haier Group, Brazil’s Embraer, and Mexico's Cemex, this is the age of the emerging market multinational. Over the next few years, multinationals will power 70% of the world's growth, with 40% coming from just two countries, India and China. To drive these changes, Indian and Chinese conglomerates are forging new networks and trade relationships that are transforming the global economy and shifting the balance to the emerging world.
Changing the Game: Asia's Emerging Markets is a unique four-part series dedicated to evaluating the transformative role played by Asia's emerging markets, a dynamic new network of relationships that are reshaping the global business landscape and shifting the world's economic center of gravity from West to East. Speakers include leading political, academic and commercial figures from the US and around the world.
Lead program sponsor: HSBC
September 14, 2011
Larry Grippo, Trade Policy Analyst, Office of Bilateral Trade Affairs, Economic Bureau of the State Department
Jitendra Singh, Jorge Saul P. Steinberg Professor of Management, Wharton School, University of Pennsylvania
Haiyan Wang, Managing Partner, China India Institute
January 12, 2012
Assessing the Impact of U.S. Debt to China
Frederick Katayama, Anchor, Thomson Reuters
Nicholas Lardy, Anthony M. Solomon Senior Fellow, Peterson Institute for International Economics
Richard Herring, Jacob Safra Professor of International Banking and Professor of Finance, Wharton School, University of Pennsylvania
Latin American and Asia share a long history of economic cooperation and open trade; however, this legacy of economic symbiosis maybe compromised due to arising global forces such as the economic crisis, the emergence of Latin American industries, and the ongoing possibility of political tensions resulting from campaigns for permanent Security Council seats. Asia Society will convene a team of experts to explore the complex and changing relations between the regions.
Today, various global market forces such as rising transportation costs and higher labor wages are prompting multinational corporations to establish or shift manufacturing bases out of China in low-cost destinations such as Vietnam and Mexico. Will China loose it's competitive edge in manufacturing, and what are the implications for Asia’s emerging economies? A panel of experts, including Orville Schell, Arthur Ross Director of the Center on U.S.-China at the Asia Society, will discuss these shifts in international trade.