This is the last in a 5-part series about what I see as the top 5 top international business law trends in 2013. The fifth trend to look out for in 2013 is rising international employment.
In the wake of the global economic crisis, we will continue to see an increase in the migration of skilled foreign workers to more economically stable regions. One notable example, is the unprecedented migration of foreign professionals to Brazil.
Just a decade ago, Brazilian professionals were leaving their country to look for employment in other countries.
However, these days, tens of thousands of foreign professionals from countries such as the Portugal, Spain and even the United States are moving to Brazil for employment opportunities.
According to Brazil’s Justice Ministry, 1.51 million highly skilled workers migrated to Brazil last year alone, an increase of 57% over the previous year.
Other examples of rising international employment include the migration of Portuguese workers to Africa and increase of Chinese workers in Spain.
Trend to Watch: Look for an increase in international employment, as an ever increasing numbers of foreign workers migrate to economically stable regions of the world.
*Update: Just one day after I published, this post, the Financial Times issued the article Immigrants abandoning recession-hit Italy. In line with the international employment trend, the article points out that Chinese workers are abandoning Italy if favor of more economically stable regions as a result of the global financial crisis. This is yet another example of the shifting and highly mobile international workforce.