© 2017 Farok J. Contractor, Rutgers Business School Republicans want a one-time tax of the money currently stashed overseas at a "tax holiday" rate of 8.75 percent, according to the House blueprint, while Trump has called for 10 percent. (Reuters, January 25, 2017)[1] As a professor of International Business I am in favor of ethical business, … Continue reading Tax “Amnesty” for Multinationals—But Not for Illegal Immigrants
Some Reflections on Mahatma Gandhi’s Birthday
© 2014 Prof. Farok J. Contractor, Rutgers University I used to have some doubts about the suitability of Mohandas (“Mahatma”) Gandhi (1869–1948) to participate actively in the governance of post-independence India. Some of his ideas would have been antithetical to the development of large-scale industries, where scale is needed for efficiency. Often portrayed spinning his own … Continue reading Some Reflections on Mahatma Gandhi’s Birthday
What Drives Narendra Modi? – Swami Vivekananda and Hsuan Tsang
© 2014 Prof. Farok J. Contractor, Rutgers University *An expanded version of this article was published in the June 21, 2014 edition of Parsiana—International Zoroastrian Community Magazine as a “Comment” under the title “What drives Narendra Modi? Hindu reformist Swami Vivekananda’s ideals and Chinese traveller Hsuan Tsang have helped to shape the new Prime Minister’s worldview.” Click here for the PDF: What … Continue reading What Drives Narendra Modi? – Swami Vivekananda and Hsuan Tsang
The Indian Election: A Rare Historic Opportunity for Coherent Investment Policies in India
© 2014 Prof. Farok J. Contractor, Rutgers University For the past 30 years, India has been governed by a series of raucous coalition governments. At least some of the caution, vacillation, and even backtracking on investment and taxation policies that have dismayed foreign companies contemplating foreign direct investment (FDI) in India can be attributed to this. … Continue reading The Indian Election: A Rare Historic Opportunity for Coherent Investment Policies in India
Whither the Chinese Yuan? Is the RMB Still Undervalued?
© 2014 Prof. Farok J. Contractor, Rutgers University Introduction to my May 8, 2014 YaleGlobal Online article: “Renminbi Undervalued? Think Again” The exchange rate between the US dollar and the Chinese Renminbi Yuan (RMB) is of crucial importance to both the American and Chinese economies since the bilateral trade between the two nations (imports plus exports) is nearing … Continue reading Whither the Chinese Yuan? Is the RMB Still Undervalued?
What the Indian Election Means for Foreign Direct Investment (FDI) in India
© 2014 Prof. Farok J. Contractor, Rutgers University Narendra Modi, the candidate of the Bharatiya Janata Party (BJP) and presumptive Prime Minister, is portrayed as pro-business and a man of decisive action. The rival Congress party, in power for the last 10 years, actually did more to weaken the apparatus of bureaucratic controls and open the door … Continue reading What the Indian Election Means for Foreign Direct Investment (FDI) in India
Learning from the History of Globalization
© 2014 Prof. Farok J. Contractor, Rutgers University Since the year 2000, the US has suffered a horrendous merchandise trade deficit against China, adding up to $2,947 billion over the 14-year period. This means that China has accumulated nearly $3 trillion surplus dollars—much of which they “kindly” reinvested in US assets, notably US Treasury debt. … Continue reading Learning from the History of Globalization
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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