TM - August 2007 - (Page 33) on the web ent rather than as labor,’” he said. “At its core, it’s going to be education, investment in technology, research and development, creative stimulus and changing the education system so it is more directed at innovation rather than repetition. These are things every country in Asia has struggled or will struggle with. Japan had to — it had to dramatically transform not only its economy but also its society in order to keep moving forward to keep the economy going so that it wasn’t undercut by the next-cheapest country. “In Asia, there’s one cluster of countries that has aging populations and shrinking labor forces, and there’s another one that has populations that are actually growing younger (their dependency ratios are declining), and those are the same countries whose labor forces will be growing.” By taking a step back to assess the country’s situation and studying history, it is easy to see that a For more on this topic, read “Asian Cultural Diversity in Talent Management,” at www.TalentMgt.com/asiandiversity value-add chain exists, and countries always seek to ascend the ranks. In March, Baxter delivered a presentation at Worldwide ERC’s fifth-annual Global Workforce Summit, which detailed this phenomenon in Asia. “I looked at the Asia-Pacific and kind of said, ‘Remember when we all talked about ‘Made in Japan?’ And then we all talked about ‘Made in Taiwan?’ And then ‘Made in Hong Kong?’ And then ‘Made in Malaysia?’ Now, we’re talking about ‘Made in China,’ and we’re going to start talking about ‘Made in Vietnam,’ ‘Made in Indonesia’ and ‘Made in India’ — in that kind of sequencing,’” he talent management magazine www.TalentMgt.com 33 August 2007 http://www.TalentMgt.com/asiandiversity http://www.TalentMgt.com
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