This paper covers the perception of foreign talent in the two Asian countries of Japan and Korea and its corresponding implications for their economies. The study tries to identify reasons for the failure to attract and retain foreign talent within their respective economies. A data modeling of the two economic landscapes in regards to globalization, an undercover research in the field of recruitment, and interviews with various business managers and professors help to find causes for this problem. In a second step, relevant secondary research is bundled and evaluated to complement the findings of the primary study. Here, the history of both nations is analyzed to find explanations for the behavior of the society of Japan and Korea as well as an outline of current real-life business cases with the intention to understand the situation today. In a last step, the paper uses all findings from the study to develop a theory, called Neo-Meiji Restoration Model for Japan and Neo-Goose Model for Korea, to combat the challenge of integrating foreign talent into the economy and as a last step into the society. The Neo-Goose Model is an adaption of the Japanese model with respect to the unique characteristics of the Korean country. As a core both triangular-shaped models contain the three fields of education, integration, and legislation. Each section includes a set of recommendations and actions that should be fulfilled by the respective nations in order to globalize their economies. Whilst the English section includes topics such as improved English education and exchanges abroad, the integration part recommends acceptance of foreigners within the society, increased recognition and power for foreign talent in the field of non-technical jobs, and lastly the legislation aspect finishes with changes in the immigration regulation, support for companies that intend to internationalize, as well as a government-funded expedition across the globe similar to the historic Iwakura Embassy. Japan’s current economic situation and Korea’s predicted one show how important it is to act now, to internationalize their economy and society.
|Educations||MSc in Business, Language and Culture, (Graduate Programme) Final Thesis|
|Number of pages||62|