Word: expats
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...expat gig used to be a cushy one for U.S. executives of a certain level: jet into Tokyo or Paris, tuck family into American schools and clubs, slide into fully established local office as the bigwig from headquarters. It was more of an exotic detour for loyal lifetimers than a slingshot into directorship for the young and ambitious--but who cared? Somewhere, perhaps in Tokyo or Paris, that old-timey expatriate still sips his midday martini at the foreigners' club. But in the rough-and-tumble markets of China and India, a new generation of expats--they prefer "global executives...
...China and India roar ahead of the world in economic growth, multinational firms eager to partake of their labor and consumer markets are rushing in--and sending their best executives to lead the charge. The U.S. expat population has leaped over the past five years, according to experts, in large part because of growing delegations to China and India. And yet the two emerging giants remain famously tough for Western executives to navigate. In a 2006 survey by GMAC Global Relocation Services, they are cited among the three most difficult locations for expats (the third is Russia). Corporations are learning...
Once a team is in place, expat bosses often have to reinvent themselves as managers. Lin Chase, 44, arrived in Bangalore in January 2006 to head Accenture's research and development lab. "I come from a culture where people love a plan," she says. "The plan is God." Not in India. She would step away from meetings confident that a plan was in place and wait for its execution. And wait. And wait. "It happened so many times that finally I changed my whole style," says Chase. "I talk to my team every day, ask them how it's going...
...nativist time like ours, it's hard to imagine a national effort so peopled by foreigners--German expat Wernher von Braun building our rockets, New Zealand immigrant William Pickering heading our unmanned program. In a time of flash-paper attention spans, it's similarly hard to picture any agency surviving the setbacks NASA did. Ranger 7 was the first unmanned U.S. ship to land on the moon--following the sequential failures of Rangers 1 through 6. Think that program would make it as far as Ranger 4 today...
...many ordinary Sakhaliners that they're being cut out of the wealth being generated by the oil and natural gas on their island. The oil boom has driven up prices for everything from housing and food to transport - a five-minute taxi ride from the airport can break $20. Expat oil executives can pay without a problem, but locals struggle. "It's something crazy how high prices have gotten here," says Lisitsyn, speaking over the shouts of happy couples outside the cramped $745-a-month single room office his organization occupies upstairs from the municipal wedding hall...