It is pretty much a given that the American empire had peaked in the 20th century and is on the steep path of decline. While at the same time, China is rising in ascension towards becoming the next leader of the global economy. Yet besides the shocking move by most European countries in joining the Asian Infrastructure Investment Bank (AIIB) in April, it appears another shift is taking place, and lays bare just how rotten America’s education system has become.
In the West, it is often found that companies use former military officers and politicians as their key to getting government contracts and beneficial legislation to profit and grow in their core businesses. But what is now showing up in China, as the Far Eastern economic power sends its financial tentacles to every continent, is that companies, especially in places like France and the EU, are hiring engineers and top talent from China as not only a means to get connections with Beijing, but to also find extraordinary workers that no longer come out of Western universities.
As China deepens its economic cooperation with France, an increasing number of Frenchcompanies want to recruit top Chinese talent to gain a foothold in the Chinese market.
Many French firms went to ChinForm, a job fair targeting Chinese students and job seekers,last month in Paris.
Ni Genming, the head of ChinForm, said that this is the second year the job fair has beenheld. More than 2,000 students and a dozen French companies, including Decathlon, Danoneand BNP Paribas, have participated both times.
Ni said European demand for Chinese talent had increased in recent years, with companiesfacing new challenges in emerging markets.
“Despite the fact that the domestic French job market has been stagnant due to the financialcrisis, the demand for Chinese talent is still growing steadily,” he said. – China Daily
Beginning in 2010, China had not only settled above the U.S. in educational rankings, but they emerged as the number one leader in educational proficiency in the world. And going into 2011, China is graduating engineers at a pace 300% greater than in the U.S., with the ratio of P.H.D. level graduates not even close in comparison.
It is now a double edged sword standing over America, where nations are choosing to find markets elsewhere, and hiring workers from places like India and China rather than from the U.S.. And while Asia’s economic power continues to increase its financial stake offshore, and in overseas locations to the tune of a 36% increase worldwide, and 487% in Europe alone since the beginning of the year, nation’s that want to do business with China are discovering that they can get the best of both world’s by acquiring workers and connections in a one stop shop.
Kenneth Schortgen Jr is a writer for Secretsofthefed.com, Examiner.com, Roguemoney.net, and To the Death Media, and hosts the popular web blog, The Daily Economist. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.