This NY Times article is about Japanese business firms not hiring Western educated talent and, thus, becoming increasingly non-competitive in the global economy. It could just as easily be about the refusal of the Oregon educational system to expand foreign language immersion programs or to send its high school student to study abroad. The results are the same: economies increasingly unable to sell their good and services abroad.
From the NY Times article “For Japanese Job Seekers, Overeas Study Can be a Deal Killer” by Hiroko Tabuchi (here)
…. Notoriously insular, corporate Japan has long been wary of embracing Western-educated compatriots who return to the homeland. But critics say the reluctance to tap the international experience of these young people is a growing problem for Japan as some of its major industries — like banking, consumer electronics and automobiles — lose ground in an increasingly global economy.
Discouraged by their career prospects if they study abroad, even at elite universities, a shrinking portion of Japanese college students is seeking a Western education. At the same time, regional rivals like China, South Korea and India are sending increasing numbers of students overseas — many of whom, upon graduation, are snapped up by companies back home for their skills, contacts and global outlooks.
“Japanese companies here are missing out on the best foreign talent, and it’s all their fault,” said Toshihiko Irisumi, a graduate of the University of Chicago Booth School of Business and former Goldman Sachs banker. He runs Alpha Leaders, a Tokyo-based consulting firm that helps match top young talent with employers based in Japan. “They really need to change their mind-set.” ….
Some Japanese companies have made a point of reaching out to returnees. U-Shin, an auto parts maker, attracted attention in February when it placed a prominent ad in Japan’s largest business daily offering twice the normal starting pay to candidates with overseas degrees.
“We plan to expand aggressively overseas, so we need recruits who were themselves bold enough to go overseas,” said Koji Tanabe, U-Shin’s chief executive…..