Sunday, October 24, 2010

Gender Arbitrage

An American multinational banking firm pursues profits above all else while imposing American culture on the locals and overturning their traditional way of life:
South Korea is the ideal environment for gender arbitrage. The workplace may be sexist, but the education system is extremely meritocratic. Lots of brainy female graduates enter the job market each year. In time their careers are eclipsed by those of men of no greater ability. This makes them poachable. Goldman Sachs, an American investment bank, has more women than men in its office in Seoul.

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