By Rafael Gerena, of Instruxo
Need a job? Well, U.S. companies are hiring thousands of people- overseas. Manpower, a U.S. staffing firm, says virtually all of the more than 100 offices it plans to open this year will be in emerging markets such as Poland, India, China and Vietnam. (It's a great time to be a Vietnamese temp worker :) Yum!, a U.S. fast-food company, says roughly 80% of the 900 KFC, Pizza Hut and Taco Bell stores it plans to open this year will be in emerging markets, the Wall Street Journal reports. The reason? Emerging markets over the next two years are expected to grow almost three times faster than "advanced" markets, such as the U.S. and Europe. (See graph above.) Consider this: GM sold more cars in China last year than in the U.S.
WSJ subscribers can read the article here.
Bottom Line:
Smart U.S. companies are expanding in fast-growing emerging markets.
Rafael Gerena is the author of the "Go Global" blog and a former Economics Reporter at The Wall Street Journal. He can be reached at 407-536-9146, info@instruxo.com, www.linkedin.
