You Don't Want to Work Abroad in These Wealthy Countries
Global migration has increased sharply in recent years. In the Organisation for Economic Co-operation and Development (OECD) — a group of 36 of some of the richest and healthiest countries in the world — the total inflow of new immigrants rose from 5.2 million in 2010 to 7.3 million in 2017, a 40.5% increase.
While immigration is one of the largest drivers of economic growth, not all countries are able to attract and retain talented workers on the same scale. In its first OECD Indicators of Talent Attractiveness report, the OECD analyzed factors such as quality of opportunity; income and tax; future prospects; family environment; inclusiveness; and quality of life to assess the overall attractiveness of OECD countries for talented foreign workers.
To determine the countries where you don’t want to work abroad, 24/7 Wall St. reviewed the attractiveness rank from the OECD Indicators of Talent Attractiveness report, as well as additional data from the OECD and the International Labour Organization. OECD countries were ranked based on the average of their perceived ability to attract individuals with masters or doctoral degrees and their perceived ability to attract foreign entrepreneurs, as determined by the OECD. To see some wealthy countries that tend to be more open to foreign workers, these are the most welcoming countries to expats.
There are a number of factors talented individuals may consider before looking for work or accepting a job in a foreign country. In an exchange with 24/7 Wall St., Jean-Christophe Dumont, head of the International Migration Division of the OECD, stated “Obviously, the working conditions play a role, but it goes well beyond wages. Career prospects, and the extent to which their skills will be used and can be developed, are very important elements.”