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Hiring of Foreign Workers Gets Business Vote of Confidence

December 22, 2009 03:02 by jllorens

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Despite reports of growing protectionist and nationalistic sentiment prompted by the global recession, world business leaders believe that migration continues to be good for business and the economy, according to a survey conducted by the Economist Intelligence Unit on behalf of Western Union. More than three in four corporate leaders, or 76 percent, say that foreign workers have a positive impact on the economy and nearly as many (71 percent) agree that foreign workers provide competitive advantages. Further, more than half, or 57 percent, say that the recession has not prompted changes to the hiring practices of foreign workers. Survey respondents included 501 global business leaders, of which 43 percent were C-level executives.

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