overseas Archives - UnemploymentData.com

It is no secret that the economy in the United States has been lagging quite a bit over the past few years. Job growth, though better than it was in much of 2008 and 2009, is still very anemic. Many people who had six-figure incomes before the latest recession are still struggling to get back on their feet. Those who struggled before the economic downturn are especially vulnerable. What can be done in such a sluggish economy to get ahead? While many people would not consider it an option, working abroad may be just what a person or family needs to get ahead.

The United States Department of State estimates that about 6.3 million American citizens are currently living and working in other countries around the world. The majority of these people live in developed regions like Canada and the Western European nations, but the number of Americans moving to Asia has increased greatly in recent years. And over 160 countries have Americans living among the locals.

Benefits of Working Abroad

One of the major benefits of living abroad is the international experience that ex-pats can bring to an organization. Recent studies have shown that those with international experience are better at solving problems and thinking outside of the box. These attributes are highly sought in many corporate structures. Those who live abroad can also become better managers because of their expanded understanding of how the world works. Expats can cater to those who live in other countries and expand business opportunities within an organization. Promotions are more likely for those who have international experience and show an aptitude for creativity.

Cultural Experiences

Another major benefit of living abroad is the cultural experience that it can provide for individuals or families. Rather than taking a weekend trip to the Fayette County Historical Society, an ex-pat can take his or her children on an excursion to the Louvre. Children who live abroad are more likely to learn about their adopted culture and become useful for global companies in the future. The benefit of working abroad can cross generations in this way.

Learning a New Language

The world is getting smaller because of the internet and the ease of travel. Many organizations have a high demand for [Read more…] about Should You Consider Work Abroad

Doing Business Internationally

Whether you are a recent college graduate casting furtively about for work, or you’ve been in the workforce for a few years and haven’t much to show for it, or you’re a business owner struggling to gain a competitive edge in your industry… you may be wondering what you have to do to get ahead in this economy. If you are considering traveling to a fast-growing international market to pursue a career or business opportunity, you’ll want to keep a few things in mind.

International Business- Market Growth

International business, Salão do Chocolate na Bahia—Fotos Gov Ba (Flickr.com)

Whether you own a business or you are just looking to advance your career, you can take advantage of long-running macroeconomic trends by moving your business abroad. Whereas the American economy is forecast to grow between 2 and 3 percent annually over the next few years, foreign business in places like China and Brazil are enjoying regular growth rates approaching 10 percent annually. As a worker, this guarantees you both job security and upward wage pressure. As a business owner, this ensures that the markets for your products and services grow at healthy rates. In either case, you’re likely to be better off a few years down the road by doing business internationally.

Preparing For a Global Economy

These days, analysts in the know repeat mantras about “globalization” and “leveling the playing field.” But… What do they mean?

Simply put, the trend towards economic parity between developed nations like the United States and still-developing countries like China means that national borders are becoming less important every day. To prepare for doing business internationally and take advantage of this new economic reality, expand your horizons by: