some guy in lebanon

Tomorrow I will be writing part 3 of a series I am writing, “The American Diaspora.” So far:

• The Coming American Diaspora
• The American Diaspora, Part 2: The Economic Consequences of the Bailout

In the meantime, the always informed Christopher Sheeron recently shared this interesting article from the Wall Street Journal (it seems the youth are the only ones leaving the country):

Financial Jitters Spur Interest in Jobs Abroad

The financial crisis, a weak economy and increased competition for jobs are sending some professionals running for the border — literally.

Executive recruiters say more professionals, especially those in finance, have been inquiring about opportunities abroad in the past few months. Some undergraduate finance and M.B.A. students are refocusing their job searches from Wall Street to overseas. And in a number of cases, people with families say they would pull up roots for the sake of job stability.

Recent surveys from executive search firm Korn/Ferry International add to the idea. One found that 53% of 438 respondents believe the best job opportunities are in developing economies like Brazil, Russia, India and China. Another showed that 20% of 718 respondents said they are more likely to accept an overseas work assignment now, in an economic downturn, than in a stable economy.

Although foreign markets are suffering as a result of the spreading credit crisis, the financial job market abroad hasn’t been damaged as severely as it has been in New York and other U.S. financial hubs. U.S. employers cut 159,000 jobs in September, and that figure doesn’t take into account the newest wave of job losses on Wall Street. Recruiters say job opportunities for finance professionals in Asia, the Middle East and Central and Eastern Europe still abound.

“There has been a gold rush to places like Dubai,” says Alex Alcott, partner and head of U.S. investment banking at Heidrick & Struggles, an executive search firm. He cites Beijing, Shanghai and Moscow as areas of opportunity for finance professionals.

Read the full article here: Financial Jitters Spur Interest in Jobs Abroad

The Dao that can be experienced is not true;
The world that can be constructed is not true.
The Dao manifests all that happens and may happen;
The world represents all that exists and may exist.
-Dao De Jing