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While the shadow of recession looms across rich-world markets, companies in emerging economies are in an acquisitive mood and are spreading their reach globally. Most emerging-market firms could, until recently, count on an abundant supply of labor to support growth, but international expansion and competition is creating an entirely new set of workforce challenges. Despite healthy population growth in many developing countries, and the large numbers of young people entering their workforces, competition for talented employees continues to increase.
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