International Conference on the Restructuring of the Global Economy: New Delhi, India
Co-hosted by the Academy of Business and Retail Management Research, & Journal of Business and Retail Management Research
India Habitat Centre , New Delhi, India
4th, 5th & 6th February 2013
Overview of the Conference
Ever since the publication of the BRIC [Brazil, Russia, India , China] report by Goldman Sachs in 2001, the debate about the role of emerging countries vs. the developed countries in shaping global business has gathered momentum. A revised version of the same report entitled BRICs and Beyond by the same authors, with upward revision of certain growth projections, has added further fuel to the debate so much so that by now, most countries have accepted that the world economy is in transition. In other words, the countries as above, joined by others such as South Korea, Mexico and to some extent the major Arab countries and Iran and Indonesia will exert a much greater influence in world affairs aided by their increasing economic power. The developed countries, led obviously by the major economies of USA, Japan, Germany, Britain , France and others [the so-called G-7/8 group of nations] have accepted that their dominance in shaping world opinion will be shelved as the growth gradient of the emerging economies becomes increasingly steeper. Nowhere has this been more reflected than in the G-20 [Group of 20 countries developed and emerging] meet last year  in calling for fiscal stimulus to induce growth to beat the recessionary forces.
It is but natural that such a changing economic scenario calls for fresh thinking towards development of policies examining macroeconomic stability as well as framing of strategies by firms irrespective of their sizes . Multinationals and SMEs, all will be involved in formulating strategies to compete effectively and grow whether they belong to agriculture, industry or service sectors.
There is intense pressure on both governments and businesses to perform and deliver. In such a scenario, alternative and may even be controversial-policies and strategies will need to be thought out and placed before the decision making bodies.
Many experts have predicted the end of US dominance of world markets following the current business cycle. Needless to say, this will have strategic significance for the businesses at large as well as for those responsible for country management. The basic objective of the conference would then be to expose the participants to the challenges that lie ahead as a result of the shift in the purchasing power of countries in the east and the west. This could best be achieved by bringing together experts from various fields-academics and professionals- to discuss and evaluate the options opening up on a common platform namely, the conference proposed. It is expected that at the end of this exercise, the participants would be in a position to develop actionable strategies to put their organisations on a higher gradient of growth.
Draft Submission Deadline : 21st December 2012
Final Paper Submission Deadline : 4th January 2013
Publication Release : 4th February 2013