Middle East Data ： Arab Human Development Report 2003, UNDP US Bureau of Census 2002 ILO Global Employment Trends Slow Economic Growth GDP growth/person 1990 - 2000 0.7% (Asia: 6%) Small Economic Scale $600Bil (Equal to Spain) Education System Productivity Brain Drain 25% of 300,000 college grads flow outside the region Uneven Distribution of Wealth Declining Middle Class R&D 0.2% of GDP, Government-lead, Only 2% to IT field High Unemployment 2003: 13.3% Youth: 27% (World Avg.:6.2%) Materialistic/ Power-oriented Isolation from Global Trends Regional Instability Gender Inequality Small Foreign Direct Investment Youth Population Under 20: 45.9% Under 35: 70.8% Source Yasushi Kaito, NEC
The Next Dominant Economies & The Next Recruiting Frontiers
While 3 million students graduate from Indian universities every year, only about 25 percent of engineering graduates and 10-15 percent of general college graduates are considered suitable for employment in the offshore IT industry, according to a recent study by NASSCOM.
Jo Johnson, South Asia Bureau Chief, Financial Times, November 15, 2006
The ONLY way to break out of the talent shortage is to train and educate those without skills.
IBM, intent on boosting its long stagnant top line, is increasing its overall focus on China -- one of the world's fastest growing technology markets. Last week, the company said it would launch a $180 million fund in partnership with Lehman Brothers to invest in midsize and mature Chinese companies. Earlier this year, IBM moved its head purchasing office from upstate New York to Shenzhen. Announced - November 14, 2006