Are expats in Asia an endangered species? This recent article on WSJ.com identifies some important developments in the world of the Asian expatriate workforce:
Companies now want executives who can secure deals with local businesses and governments without the aid of a translator, and who understand that sitting through a three-hour dinner banquet is often a key part of the negotiating process in Asia, experts say.
In fact, three out of four senior executives hired in Asia by multinationals were Asian natives already living in the region, according to a Spencer Stuart analysis of 1,500 placements made from 2005 to 2010. Just 6% were noncitizens from outside of Asia.
Perhaps most interesting is how some search firms are breaking out potential executives into four categories:
Asia natives steeped in local culture but educated in the U.S. or Europe; the foreigner who has lived or worked in Asia for a long time; a person of Asian descent who was born or raised in a Western country but has had little exposure to Asia; and the local Asian executive who has no Western experience.
This is a really interesting article and a must read for anyone with any kind of interest in expatriate trends in Asia.


