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"Emerging Issues in Global Economy, Commerce and Management: Challenges and Strategies for International Competitiveness"

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The University Department of Commerce,
University of Mumbai,
Ranade Bhavan, 2nd Floor,
Vidyanagari Campus,
Kalina, Mumbai 400 098.

Pherozeshah Mehta Bhavan, Vidyanagari Campus, Kalina,

University of Mumbai,

Mumbai - 400 098.

Dr. Rajan Welukar,

Vice-Chancellor, University of Mumbai.

Professor Vivek Deolankar,

M.Com., M.Phil., Ph.D., D.Litt., D.Litt. (Mumbai),

I.C.D.H.C.M.(U.S.A)

Head, University Department of Commerce,

University of Mumbai.

The University of Mumbai (known earlier as University of Bombay) is one of the oldest and Premier Universities in India. It was established in 1857 consequent upon "Woods Education Dispatch", and it is one amongst the first three Universities in India. The profile of this University carved out in 152 years of its functioning attests to its manifold achievements as the intellectual and moral powerhouse of the society. The University has always given its best to the country in general and to the city of Mumbai in particular by enthusiastically shouldering an ever-growing load of social values and opportunities.

It has two campuses of area of 230 acres and 13 acres, with 1.25 million square feet of built-up area, 22 thousand sq. feet of class-rooms and 84 thousand sq. feet of laboratory space. It has two post graduate centers, about 617 affiliated colleges and 75 Departments. It has established its name in industrial collaborations and runs various professional courses.

The Department of Commerce, University of Mumbai was established on 1^st December, 1980 to shoulder the responsibilities of post-graduate teaching, training and research in the Commerce Faculty. The Department is the most active one with tremendous potential for growth. At present, the Department admits students for the M.Com. and Ph.D. Degree Courses. The Department offers specialization in areas most relevant to the city of Mumbai, the Financial Capital of the country, viz. Business Management, Banking and Finance and Accountancy.

The Department provides instruction for two years M.Com. Degree (by papers/by research). In the M.Com. Degree by papers the students have to study three compulsory papers and have to select five papers from a wide range of optional subjects viz. Business Management, Banking and Finance and Accountancy.

The Mahatma Education Society is proof of a vision linked irrevocably to national goals. Established in 1970, at a time when education was deemed a service, it set about bringing social and economic change through the proactive personal development of every child that came into its fold. The vision of Dr. K. M. Vasudevan Pillai, Founder, Secretary, and CEO and Dr. Daphne Pillai, Joint Secretary and Rector, saw the trust grow from a single school into a multi-institution, multi-location group delivering quality education at all levels. It comprises schools, international schools, degree colleges, night colleges, management institutions, engineering colleges, colleges of architecture, colleges of education and polytechnic institutions. The Pillai Group of Institutions has embarked into international schools in Gorai, New Panvel and Rasayani where the C.B.S.E., I.C.S.E., I.G.C.S.E. and I.B. Programmes are authorized to be conducted. Mahatma Education Society has 4 decades of experience, 48 institutions, 3500 teachers and over 40,000 students per annum. Mahatma Education Society and is well linked with St. Mary’s School of Business and Economics in Moraga, California, U.S.A. for student exchange programmes and industry visits in U.S.A. Industrial visits have been undertaken to places such as the headquarters of Sun Microsystems, Biorad, Yahoo, Microsoft, United Western Bank, City National Bank among many other leading companies where full-day academic and non-academic engagements are provided for by the company. The institution is working towards international work opportunities and internships outside India to give students a holistic exposure to managerial skills and professionalism on global standards.

About 700 years ago, during the 14^th century, India and China together accounted for more than half the world trade. The economic trends, today, kindle the hope that if India develops a right roadmap for facing the global competition, it can once again regain its past glory. China is almost there. The 21^st century as a knowledge society gives India a core advantage in leveraging its ‘demographic dividend’ effervescent in its young and inherently brilliant and innovative human capital. Even from the international perspective, the 19^th century belonged to Europe, 20^th century to America, and now it is the turn of Asia to lead in the 21^st century. For this to happen, India and China are obviously the two major economies, provided they build on their inherent strengths and overcome the weaknesses blocking their respective progress. It may be hypothesised here that India is not a poor country, but a poorly-managed country. Since the socio-economic systems, being open systems.

Recent years have witnessed a cascading downturn in the world economy resulting in tremendous decline in business and employment globally, particularly in the developed world. Fortunately, India has remained largely unaffected by this recession, staying virtually at the same level as some of the most developed countries. This feat of survival from recession brings to the fore the inherent strengths in the Indian economy that enabled it to face one of the worst economic crises of the recent times. In fact, while the developed world was mauled by the meltdown of their economies, Indian economy only slowed down in maintaining its growth trajectory. It suggests that the Indian economy has a sound fundamental strength, which if leveraged properly can give it a lead over others.

In the "Emerging Issues in Economy, Trade, Commerce and Management Challenges and Strategies for International Competitiveness" the "Bottom of the Pyramid" – the sheer size – is considered to be the biggest potential market opportunity. The very poor represent value-conscious consumers. Chinese, Indian, Brazilian, Mexican, Russian, Indonesian, Turkey, South African and Thai, all together in one set, have more purchasing power in comparison with the set that consists of Japanese, German, Italian, French and British. If the "Bottom of the Pyramid" is looked at in a combined set, not each and every element in isolation, then considerable amount of the purchasing power can be found. What required is proper innovation. Innovative ideas in all respects, ranging from the creation of utility to the delivery of all those utilities, can materialize the renovation of goods and services into money.

• Emerging issues in global economy, commerce and management: challenges and strategies for international competitiveness.
• Fiscal issues and unemployment linked with terrorism and disaster management in the world.
• Internationalization of financial markets in the world.
• Financial management challenges and strategies for international competitiveness of economy, trade, commerce and industries.
• Challenges and strategies of World Bank for international competitiveness.
• Challenges and strategies of IMF for international competitiveness.
• Challenges and strategies for Indian and International financial system.
• Reforms in Indian and International economic sectors.
• Role of Foreign Direct Investment and Foreign Institutional Investment.
• Challenges and strategies for banking and financial sector for international competitiveness.

• Challenges and strategies for controlling inflation and promoting growth and international competitiveness.
• Challenges and strategies for stock markets and investors for International Competitiveness.
• Challenges and strategies for oil crises and competition.

• Challenges and strategies for commodities markets in the world.
• Challenges and opportunities for monetary management strategies in India and International financial system.
• Challenges and Opportunities for investment life-cycle and product life-cycle-in international competitiveness.
• Challenges and strategies in currency market in international scenario.
• Challenges and strategies for marketing management in international scenario.
• Challenges and strategies for export-import of trade, commerce and industries in global scenario.
• Challenges and strategies merger and acquisition strategies for trade, commerce and industries in world.
• Talent management for trade, commerce and industries in world.
• Business Process Outsourcing; challenges and opportunities.
• Information Technology and challenges and strategies for global competitiveness.

• Challenges and strategies for human resource management for international competitiveness.
• Challenges and strategies for human resource development for international competitiveness.

We invite quality research papers on any one of the above broad areas. The articles must be accompanied by an Abstract (not more than 150 words) neatly typed with a double space and wide margins. The article should be sent to the Director of the Conference in the form of CD MS-WORD along with two (2) hard copies. The decision about the acceptance or non-acceptance of the paper will be communicated to the authors in due process. The last date for submission of papers is Wednesday, January 5, 2011.

Outstanding papers will be selected and recognized with awards. In addition, they will be considered for publications in the Research Volume.

The conference will be of two days duration and will have six sessions including Inaugural and Valedictory Session as detailed below:-

Registration of Delegates: 12.30 p.m. to 1.45 p.m.

I) INAUGURAL SESSION:

(2.00 p.m. to 4.00 p.m.)

1. Inaugural Address
2. Key Note Address
3. Vote of Thanks

(4.00p.m. to 4.30 p.m.)

II) TECHNICAL SESSION: Panel Discussion on "Emerging Issues in Global Economy,

(4.30 p.m. to 6.30 p.m.)

(8.30 a.m. to 11.30 a.m.)

TEA BREAK

(11.30 a.m. to 11.40 a.m.)

IV) TECHINICAL SESSION : Paper Presentation on Emerging Issues in Human Resource

Management, Marketing Management Challenges and Strategies for International

Competitiveness.

LUNCH BREAK

(1.00 p.m. to 2.00 p.m.)

V) TECHNICAL SESSION: Paper Presentation Fiscal Issues and Unemployment linked

(2.00 p.m. to 3.30 p.m.)

TEA BREAK

(3.30 p.m. to 3.40 p.m.)

VI) VALEDICTORY ADDRESS:

Distribution of Certificates

(3.40 p.m. to 5.40 p.m.)

• Last date for submitting paper : 5^th January, 2011.

Delegate fee :Rs. 1,500/- for each delegate.

(Rs. 2,000/- each for every accompanied person including children)

• Late and Final Registration Date : 20^th January, 2011.

Delegate fee :Rs. 2,000/- for each delegate.

(Rs. 2,000/- each for every accompanied person including children)

Filled-in Registration Forms along-with a Demand Draft for Rs. 1,500/- (Rs. One Thousand Five Hundred Only) per delegate should reach the Director of the Conference latest by 5^th January, 2011. (After 5^th January, 2011 Rs. 2,000/- for each delegate up to 20^th January, 2011) The Demand Draft should be drawn in favour of Finance and Accounts Officer, University of Mumbai from any Nationalized Bank payable at Mumbai. No Cheque or Money order will be accepted. T.A. and D.A. for outstation delegates to be provided by the University/Institutions/College where the delegate is working.

Note: For further and update information of the conference please check www.mu.ac.in