http://geekmba360.disqus.com/enWed, 22 Oct 2008 03:21:24 -0000http://www.GeekMBA360.com/?p=179#comment-6153866<p>Valid points there !!</p> <p>For China, the first gold rush was in early to mid 90s when tons of expats were setting low-cost supply chain hubs. From towels to tractors, everything was scaling up and foreigners had a big hand in it.</p> <p>The second gold rush was right after the dot com bust. China had already made a mark on the global map and everyone was excited about China but had little clue about what exactly it was. In this phase, VC/PE/HF made a killing. They took average companies public at Nasdaq and even though the shares plummeted later on, it was an easy sell all throughout.</p> <p>During these two phases, the salaries for expats gradually started losing steam, multinationals started localizing and things werent rosier any more.</p> <p>What is or will happen now is that China will evolve from a low cost global hub to a big domestic market which can help multinationals sustain their global margins. Its already taking shape in Chemicals, Automobiles etc. and should remain distinct through next 8-10 years. But jobs will come through only for really qualified expats with hands on experience.</p> <p>The thing with recessions is that you can survive provided you are brutally honest with yourself. Dont kid yourself about becoming a banker over night. Know your strengths, realign your expectations and you should do fine.</p> <p>Peace out !</p>KonfusedWed, 22 Oct 2008 03:21:24 -0000http://www.GeekMBA360.com/?p=179#comment-6153865<p>Very good points!</p>bowenTue, 07 Oct 2008 13:59:08 -0000