Sustaining Growth in the Era of Global Recovery (SGEGR-2011)

Venue: Ayyappan Hall of Divinity

Location: Chennai, TamilNadu, India

Event Date/Time: Aug 26, 2011 End Date/Time: Aug 27, 2011
Registration Date: Aug 26, 2011
Abstract Submission Date: Jul 05, 2011
Paper Submission Date: Jul 27, 2011
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Description

Sustaining Growth in the Era of Global Recovery
In the era of global recovery while we can always aspire to have a strong rupee exchange rate, this has to be earned and the present Indian policy is clearly unsustainable. To ensure sustainment with an inflation rate above global levels and a current account deficit that is over 3 percent of GDP India should depreciate its currency. This is best done through large market interventions followed by liquidity mop-up as in 2005-2007.
A useful indicator of an appropriate exchange rate is the Real Effective Exchange rate (REER) Index using trade weights. In India, a six country REER with 1993-94 as base has been used. Some economists argue that India should transform the large capital inflows into investments and thereby strengthen the growth process. The historical evidence shows that, the world over, large capital inflows are followed by large capital outflows. Thus excessive dependence on capital inflows could be disruptive when there are outflows.
RBI, in addition, should raise the Cash reserve Ratio (CRR) and absorb liquidity under the Liquidity Adjustment Facility (LAF) and issue Market Stabilization Bonds. These measures do entail a cost. But the cost of non intervention, though not easily quantifiable, can be deleterious to the economy by way of loss of competitiveness, loss of output, increased unemployment and inflation. Unless effective sterilization measures are undertaken the country will face a severe dislocation when there are large capital outflows. One cannot drink sweet tender coconut water without breaking the coconut. Put it in a nut-shell, the Indian Policy has to undergo a through renaissance to sustain growth history.
Call for Papers
The Conference “Sustaining Growth in the Era of Global Recovery” invites from students, academicians, scholars and industrialists empirical or theoretical papers covering the theme but not limited to the following topics. The papers must be original and should not have been submitted for presentation or publication at any other conference.
Track 1 : General Management
Corporate Governance
Inclusive Growth
Global Recovery Challenges
International Business Strategies
Business Policies to Sustain Growth
Business Process Re-design

Track 2 : Human Resource Management
Global Practices & Changing Role of HRM
Managing Organisational Excellence
Cross Cultural Issues
Ethical Practices in Hiring & Firing
Demographic Dividends
Quality of Work Life
Whistle Blowing Practices

Track 3 : Finance
Government Policy & Regulatory Measures
International Factor Movements & FDI
Micro Finance
Financial Services
Mergers and Acquisitions
Capital and Money Market Issues
Risk Management / BASEL III
Currency War

Track 4 : Marketing
Brand War
Anti-Dumping
Innovative Marketing Practices for Competitive Advantage
Changing Consumerism
E-commerce and Open Source Software
Rural Infrastructure & Services
Role of Retail Sector

Track 5 : Role of Multilateral Institutions
Role of World Bank, IMF and other Multi Lateral Bodies in Global Recovery
Bailing out and Systemic Institutions
Permanent Seat for India in the UN Security Council
Future of G 20 Summit

Venue

42&60, Avadi-Vel Tech Road,Avadi
Chennai
TamilNadu
India
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Additional Information

Registration Fess (Per Participant): For participation & Paper presentation: Rs. 1000 For Publication with ISBN NO.: Rs. 1200 For Publications with ISSN NO.: Rs. 2000

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