Globalization of the Worker

When you think of economic globalization, you think of the integration of national economies into the international economy through trade, foreign direct investment, capital flows, and the spread of technology. But one very important one that isn't thought of too much is migration. In the past it was almost unthinkable to leave your homeland just for a job overseas, especially just to look for one. Now it is becoming commonplace, especially with the high unemployment rates seen in countries such as the United States, United Kingdom, and Spain (the latter of which is a whopping 19.9 percent!). Meanwhile in other developing economies, especially in Asia, the rates area much more respectable. The unemployment rate in Hong Kong is 4.6 percent, in Australia 5.1, and in Singapore only 2.2 percent of the people are out of work.

Growth is steady and more dynamic in countries such as China, India, and South Korea, which is catering to the needs of many foreign workers looking for a good job. The number of résumés arriving from the U.S. and Europe to these countries has drastically risen the past couple years.

It is not always a breeze though. Landing a position in Asia is not just a matter of being willing to make a new life halfway around the world. Many employers prefer candidates who bring language skills and local contacts to the job. They want people familiar with the local culture as well as the business and regulatory environment. That is why it is so important to diversify your skills and become culturally intelligent so early in your career. Study abroads and learning that second language could give you the edge you need in tomorrow's workforce. Going global in your career will open up a whole new world to you and give you that experience you need in today's business climate.