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Relevance
of Business Culture in the Contemporary Indian Economic Environment
Some Key Issues
-- Shyamsundar
Tallury
This
article goes into some contemporary issues in the literature
on business culture which has relevance to the Indian economic
scenario. The first part sums up the theoretical and technical
concepts with which the study of business culture relates
in recent literature. It explains how this concept is connected
with institutional economics and organizational studies. The
second part deals with the relevance of business culture in
meaningful analysis of the current events in corporate India.
It focuses on some key questions which need to be asked in
regard to Public Limited Companies.
©
2005 IUP. All Rights Reserved.
Is
the Law of Diminishing Returns to Capital Operating
in the Indian Industry? Evidence from Cross-section Data
--M
Upender and M Aruna
This
paper examines the empirical validity of law of diminishing
returns to capital across 127 Indian industries (factory sector)
for the year 1999-2000 by fitting a quadratic production function.
The empirical evidence on the basis of sign, size and statistical
significance of the regression coefficients of the capital
and square of capital shows that the marginal product of capital
is eventually diminishing, confirming that the law of diminishing
returns to capital, all else being equal, is operating across
the Indian industries.
©
2005 IUP. All Rights Reserved.
India
as Top Producer of Tea in the World-Some Observations
--L
Krishna Veni
India
is the world's leading commercial producer of tea. It is popular
not only as a stimulating health drink, but also as a foreign
exchange earner for India. The product variations of tea consist
of green tea, packet tea, tea bags or cans, instant tea and
flavored tea in India. Though both North and South India are
engaged in tea production, North India has been the major
producing region, contributing to more than 75% of the total
production. The export-production ratio of Indian tea recorded
a gradual decline, whereas the domestic consumption and production
ratio of Indian tea demonstrated an upward movement during
the study period. This study demonstrates the negative relationship
between production of tea and exports of tea from India during
1950 to 1998. This study also brings out the exciting fact
that the production of tea is largely confined to South Asian
and African countries which are all developing countries and
about 90% of their production is consumed in the developed
countries. Further, this study highlights that India and Sri
Lanka are the leading countries and Indonesia, East Africa
and Latin America are the minors in the tea production. The
country concentration index indicated the highly fluctuating
trend in the production of tea in the world. It is evident
from the study that the country concentration index of tea
is less than 40% since 1986 due to the entry of the East African
countries into tea production. Finally this study recommends
that the increase in the level of tea production, adopting
fine plucking to maintain good quality, and introduction of
innovative tea products are very crucial to maintain the supremacy
of India as the top producer of tea in the world.
©
2005 IUP. All Rights Reserved.
Globalization
and its Influence on
the Indian Economy
--Srinivasulu
Bayineni
Globalization
is a process by which capital, goods, services and sometimes
labor cross national borders and acquire a transnational character.
Globalization represents a historically unprecedented level
of global interconnectedness. The power of national governments
is both reconstituted and restructured by globalization processes.
It is seen as the central driving force behind a number of
the rapid changes (socioeconomic and political) that are reshaping
the world order. As a result, globalization is conceived as
a powerful transformative force responsible for a `massive
shake-out' of nations, economies, international institutions
and the whole world order. Thus, we can say that the higher
the level of international cooperation/transactions, the higher
will be economic growth, income level and living standards
the globalization process would bring. The focus of this paper
is to concentrate on globalization and its influence on the
economy. The issues like globalization, East Asian experience,
global trade, their influence on the Indian economy and why
anti-globalists reject globalization, are discussed in this
paper.
©
2005 IUP. All Rights Reserved.
Book
Review
The
Roaring Nineties Seeds
of Destruction
-- Joseph
Stiglitz
©
2003 Penguin Books Limited. All Rights Reserved. The IUP holds the copyright for the review. |
