© 2022, Farok J. Contractor, Distinguished Professor, Management & Global Business, Rutgers Business School Ordinarily, I do not do book reviews. But The Struggle and the Promise: Restoring India’s Potential by Naushad Forbes (2022, HarperCollins) struck a note with me because it covers most of the important issues facing the future of developing countries, and … Continue reading BOOK REVIEW – THE STRUGGLE AND THE PROMISE: RESTORING INDIA’S POTENTIAL by Naushad Forbes
Argentina Seems Headed for Another Currency Crisis (and Perhaps Default)
© 2020, Farok J. Contractor, Rutgers Business School In many dozens of emerging nations, perhaps as many as sixty of them, the government interferes in the foreign exchange market to prevent, or delay, the devaluation of its currency. Featured Image Credit: ngcoin.com A recent article from the Financial Times (FT)[1] about Argentina’s peso is yet another illustration … Continue reading Argentina Seems Headed for Another Currency Crisis (and Perhaps Default)
Advantages and Drawbacks of Undervalued Versus Overvalued Currencies
© 2019 Prof. Farok J. Contractor, Rutgers University UPDATE: See the August 11, 2019 post: Trump Administration Labels China a “Currency Manipulator”: What’s behind the accusation, and who’s right? Also See the Companion Post: Is the Indian Rupee Undervalued or Overvalued? What Purchasing Power Parity Theory Tells Us Currencies can be undervalued (very devalued) for natural reasons, … Continue reading Advantages and Drawbacks of Undervalued Versus Overvalued Currencies
Multinationals Based in Emerging Markets: The Sources of Their Competitive Advantage
© 2014 Prof. Farok J. Contractor, Rutgers University When a company goes abroad, it faces the extra hurdle of unfamiliarity with the local market, its culture, its regulations, and its institutions. Sometimes, the national origin of the firm is looked down on. An example is the skepticism and mild hostility toward Chinese products in some … Continue reading Multinationals Based in Emerging Markets: The Sources of Their Competitive Advantage
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