Tuesday, 27 December 2011

How Bad Economy Bridges Gap Between Nations?

Article written by Sreenivas Mothukuru

Is it “Sun rises in the east and sets in the west” or "Son(/daughter) raises in the east and settles in the west" or "Son(/daughter) raises in the west and settles in the east”?

"Sun rises in the east and sets in the west”
is the known fact. Nobody can deny it and there is nothing new to blog on it.

In general, most of the people living in Asian (eastern) countries feel that America is the destination of quality life, dominant technologies, bubbling opportunities, source of unimaginable income, blah, blah, blah. From the last 2 decades I have seen many young Indian graduates going to western countries (USA) in the name of higher education and eventually making a living by finding some or other jobs.
This behavior or trend made me rewrite my earlier statement to "Son(/daughter) raises in the east and settles in the west".

Now the situation is different and scene is reversed. USA, which is one of the world’s most dominant countries is in financial crises and is struggling hard with unemployment problem. With the economy at US showing no signs of improving, an increasing number of recent graduates from United States are job-hunting to work in India!

Kunal Bahl, the co-founder of Snapdeal, an Indian e-commerce company, recently returned from a recruiting trip to the United States with stops at Columbia, the University of Pennsylvania, Northwestern and Stanford. Snap deal recruitment drive has received over 2000 resumes, out of which 30% of them are non Indians.

Indian companies Mahindra & Mahindra, Flip Kart, InfoTech Enterprises, Zindal Steel & Power, Tata Motors, etc., participated in job fairs held in New Jersey and California recently to recruit fresh talent Overseas.

Every year Infosys company recruit 100+ Americans from Stanford University, Harvard University, Massachusetts Institute of Technology, etc.

HCL Technologies has planned to recruit 10,000+ American and European engineers by 2015. HCL has around 3000 non-Indian engineers working and has plans to recruit 1500 in coming year.

Tata Groups planned to recruit 1200 US engineers by March 2012.

Not only Americans, Indians who have lived abroad for some time (and graduated in US) are also aggressively looking for work back at home says Hitesh Oberoi, Naukri.com CEO.

If the same trend continues for long a day will come when most of the foreign companies stretch branches in developing countries like India and start pushing their University Graduates to work in developing countries. In my opinion this will not only solve the growing unemployment problem, but also help countries and individuals fight against financial crisis.

I wish all countries make necessary amendments in employment law guide and encourage employers to swap employees between countries frequently. This helps employees of different countries understand and appreciate the culture, traditions, values, beliefs of people living at different parts of the world. This would definitely bridges gap between developing and developed nations.

Down the lane people might even start saying "Son raises in the west and settles in the east” (instead of “Sun rises in the east and sets in the west”) ;)

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