7 trillion dollars off wild stock since their record highs mid february the outbreak began in china which still has by far the most cases chinese factories dont just churn out cheap plastic exports anymore though they supply vital components to the tech sector Automobile Industry and pharmaceutical companies and the chinese a leader is in Artificial Intelligence and robotics so the partial shutdown of the chinese economy there was introduced to stem the virus is having a knock on effect for a colonies around the world. Its unprecedented i cant recall anything like it on our planet. When the call of you was if the coronavirus gathers b. And cripples more and more countries and in the worst case we could be facing a Global Economic situation like we had in 2008 and 9. Of us into the oppose it here were very optimistic we think it will be over in one or 2 months if we need here for by. Management consultant fung fun is currently pursuing Crisis Management she and her team advise 60 german firms that do business in china theyre much in demand right now because covert 19 is causing havoc found fung is visiting a client in a small town in northern germany this low to a group based in hires them its an Automotive Parts supplier that had to halt production at its facility near beijing for 2 weeks things are just starting up again but with precautions in place now. We. Are. All really. Fond of you know were back up to 50 or 70 percent capacity so far and we dont yet know when well reach 100 percent because we cant get the staff back into the factory yet. The drop in revenue and therefore the economic hit amounts to several 1000000 euros. Func found in her boss Michelle Bormann are looking for ways to soften the blow. If as to who would try to organize help for our clients as quickly as possible for example rent reductions or rebates or stretching repayment deals on bank loans. Is there again another problem is that demand within china has been collapsing and with a demand for goods from germany carmakers and parts suppliers here are suffering to. Automobile and car sales in the 1st 2 weeks of february in china were down 92 percent so you can imagine the impact on the industry its a disaster we dont yet know what the consequences will be for example. International supply chains are collapsing or at risk you cant make a car if the gearbox isnt available. Lotus 8 plants in europe have to offset the production hold in china. Not for much longer says the optimist fun fun. But c. E. O. Your is not convinced. This is why its unprecedented i cant recall anything like it on our planet in my view when weve got through this and i hope we deal with it sensibly i think we shall have to think about what needs to change in the future. For example will there be calls to curtail International Business travel. Fanfan usually travels back and forth between germany and china spending 2 weeks at a time in each country. She has a team of 30 in china but for now she cant go and see her colleagues or her family. So she communicates with them online from her base in hamburg. Video calls are the order of the day the companys offices in china poland book area and spain. Me and when you hear our name. Be. Here. The corona Virus Outbreak may have started in china but its now become a global problem. If you must know weve shipped a bunch of masks to our offices in china in spain and italy masks are running short we have to review the situation every day and be prepared to react fast and do what has to be done most. Funk funk believes the tough measures imposed by the government in china have been effective. In order you know hobart is in germany and europe this is so much freedom. People dont wear face masks. Its a different mentality in a way of life. And thats why the numbers are rising day by day they hadnt yet in touch now and. In any case the virus is threatening not just the health of individuals around the world but the health of the global economy. Well some historians say globalization started in china over 2000 years ago with the old silk road chinese luxury goods started appearing on markets as far away as road it also saw merchants that migrants on the move in more recent times a rush for Raw Materials to spot the movement of workers as nations try to feed their hunger for Economic Growth by sending their nationals abroad to dig up other countries resources heres a quick look at how Labor Migration has developed from the ninetys seventys up until today. In the 1970 s. Large multinationals sent stuff abroad. They were tasked with up training Raw Materials for production back home or conquering markets in the main it was u. S. Companies that sent their employees overseas often to europe. Starting in 1990 companies became increasingly international they moved their production lines into regions with low labor costs the Parent Company sent employees all over the world and well trained workers from emerging economies were sought in europe and the u. S. In the past decade Trans National investments have risen. Complex production processes have emerged requiring Global Supply chains. Digitalisation has led to closer networking. And nowadays companies are competing for skilled workers from all over the world. And now the next Industrial Revolution is upon us factories run by robots machines that communicate with each other not only doing all the heavy lifting but also believing us of more mundane tasks in the workplace only thing is the accelerating automation is said to eliminate millions of jobs optimists say it will create just as many new once a trade unionists a worked. Sauce for the stop the layoffs hands off our jobs were not going to let them steal our futures colleagues are you going to. Say your. Whole months it says bad guy is ready to do battle times are getting hard for germanys union tens of thousands of auto workers jobs are under threat. And saving in 10 or 15 years the auto sector could change beyond recognition would you agree with that. 100 percent nothing is going to stay the same well have an entirely different Auto Industry just think of the digital automobile but also the entire complex of production Sustainable Production c o 2 free production theyll be so many extreme changes as much of a game changer as the switch from horses to motors and what will that mean. Vacillate between optimism worry and anger and angry because theres another wave of relocations abroad cost cutting programs and announcements about how many people will be fired and that all has nothing to do with the transition we can ensure sustainable mobility made in germany as an export champion instead they all look at how they can get it done for even less. Theres a paradigm change underway in the car industry as it stops making fossil fuel driven cars and converts to electric drive electric cars have fewer parts and more advanced technology automobiles are becoming mobile computers and robots are increasingly doing production work. Workers fear they could soon be replaced by machines because our industry is in the process of a structural transformation we cant prevented. Zation the transition to a c o 2 free environmentally Friendly Technology and we dont want to leave there this is the what are people on the production line saying. Anyone who works on developing or assembling internal combustion engines right now is obviously very worried but someone who is involved in classical production line work assembling cars says whether a car has an electric or a fuel driven motor really doesnt matter. How do you turn a Diesel Engine developer into a software developer. We need something akin to a Literacy Campaign for digitalisation we have to know what we mean when were talking about ai you need to get a feel for it and building on that foundation you can train people inside half a year you can turn someone who understands a bit about digitalisation into a software developer. But its not hard to imagine someone whos perhaps an older worker who spent 20 or 30 years making combustion engines who suddenly confronted with having to deal with ai and having to undergo a complete rethink and start anew that would be a real problem for many people. We need a system that nurtures further training from the 1st day to the last in a company and that people are inducted according to their affinity for further training and for those whove got the kind of fear youve just described and thats an awful lot of people we need very specialized programs for those people so change as an opportunity every technological transformation leads to something new entirely new occupations and Business Opportunities spring up but it has to be done properly. Thanks for joining us. This time the questions needed longer answers. Now to someone whos seize the opportunities of our globalized world and electrical engineer from india and go to a masters degree in the states and instead of gravitating towards Silicon Valley opted for germany it used to be almost impossible to get a job here is a migrant i can vouch for that but europes largest economy is suffering from a massive Skills Shortage and has loosened the rules. Electrical engineer ranjit brahman partly from india has chosen to work in a small town in southwestern germany. Is old and quaint and ranjit brahman partly lives here with his wife and their daughter. He works for her to electronic and particularly enjoys his time in the companys testing lab he went to graduate school and worked in the United States but eventually decided to cross the atlantic i definitely thought u. S. Forces europe by i always compare challenge i already thought it was a language barrier but when i played for jobs it was it was not that hard if you have good skills also the Work Life Balance is better in europe i thought and there are also there are so Many Companies which are flexible. And operate throughout europe like what they are trying i mean even were even have an office in india. Components manufactured in asia such as these inductors are delivered here brahman partly does Quality Control and also works on improving products. His daily routine is pretty flexible. He can decide when to work in the lab the store room and the office. As long as he gets his work done and delivers test results. The reason i chose to work here is that the freedom you get to work you can choose whatever part you get to reach that goal so thats what our manager and our company courageous and thats what i like to work there are weekly meetings to discuss new products that electronic meets a whole range of components including transformers capacitors and. D. Lamps and its keen to hire top notch engineers from around the world i was going to thankful because its really hard to find really qualified people. Not in a big city here its just in the middle of nowhere here. And so i was going to think of that ranch at one point to come toward the small 35. 00. And when i crossed the reticent years or so impressed. By a lot of experience from that i see many factories its much more experienced than me but its also important because i dont want to high on people have less experience i actually want to be a better. Half the members of bremen pollies team a little like tonic are from abroad. For him it was easy to get permission to come and work in germany he qualified for an e. U. Blue card it offers skilled workers who are University Graduates from non e. U. States the right to work and stay in the european union. And the new law in germany the skilled immigration act even extends the definition of qualified professionals to include people without a University Degree but to have acquired certain Vocational Training certificates. When you get this blue card then you dont have any distractions so you can work for 4 years and then. You just look at his blue card so you can basically work in any part of europe under this program about 50000 skilled workers came to germany last year. Ranjit brahman poly is considering moving to one of his companys other locations perhaps but in all barcelona and says he hopes hell be able to take his plants with him. Many indians choose to move to the u. S. Or britain for work above all because of the english language germany is still struggling to attract highly qualified workers from abroad and as we heard in that report has now started making it even easier for non e. U. Citizens with sort of the skills to come here but that new law was a long time in the making germany have been reluctant to see lots of foreigners settle here but the reality is different much of the german population has foreign roots where do the many immigrants come from and how well do they fare. Migrants in germany the fact. Is germany the most popular european destination for immigrants yes it is one in 4 german residents has what austerity is here to an immigrant background that means at least one parent was born a foreigner. How does germany rank internationally in terms of numbers of migrants in 2nd place behind the u. S. Traditional immigration countries like Canada Australia and switzerland all lag behind gemini most of the migrants refugees know in 2018 most migrants in germany came from romania poland and belgariad the most common motive for the move better Economic Opportunities do they all find work you know of the roughly 2300000 unemployed in germany almost half have a migrant background their Unemployment Rate is twice as high as that of nonimmigrant why is that. The most common reason lack of gemini anguished skills the other reason is discrimination applicants with turkish and arabic names have a worse chelm civilian job candidates with the same skills but with german names have a much higher chance according to studies on migrants wellcome in germany yes and no 52 percent of germans think there are too many migrants but 65 percent say that migration brings economic benefits. Is the term immigrant background problematic yes the definition is inconsistent in german statistics it generally includes 2nd generation immigrants in other countries such as britain and poland is usually only foreign born that is 1st generation residents who were classified as migrant. Malaysians fast growing economy is attracting increasing numbers of migrants from neighboring countries but its not always their own choice to uproot themselves and leave their homes some of being driven out of their countries like the man in our next report that puts them in a position they come from an extremely traumatic situation only to end up in low qualified jobs living and working under appalling conditions. I was born in charge of fishing village in myanmar cellar with the in the birds and of the. Home. There were people burning down our homes we ran outside in fear when we saw a fire engine coming which we thought would put out the blaze. Like they might be. On the side. From. The mothers body but instead they sprayed petrol on the burning homes and just made the fire bigger i was forced to leave my home and myanmar without any idea of what to do or where to go. In then or. Odyssey began in 2014 along with thousands of other ranger he fled the brutal military crackdown in his homeland to me and man he managed to get him self smuggled into malaysia it was a terrible journey many of his traveling companions died on the way. We lost everything that our home our country our identity and now were forced to squat on other peoples land that we dont even know. 6 years after fleeing his homeland city is still struggling to build a life in malaysia. His wife and children are sick the money he earns is barely enough for the family to survive on malaysia has not ratified the Geneva Convention on refugees means people like him have no status no rights and no protection. Its hard because i cant work illegally so i take our jobs and just try to get by. I have a smoke but if i fall sick employers just fire me and then im out of a job again. Abus that excess immigrants are treated poorly even though they make up a key part of the workforce. The capital kuala lumpur has been undergoing a building boom for years malaysias economy relies on millions of low paid workers from poorer neighboring countries some are refugees others are economic migrants who come hoping for a better life. But all too often the reality once they arrive is very different thousands of them end up living in socalled cons these illegal shanty settlements that spring up next to major Building Sites here many unskilled day laborers from abroad risked their lives day in day out for a few 100. 00 a month. Entrepreneur made her son understands the difficulties i myself in my room i came to money from 2007 the student did my graduation after the events that were to come in stanton 2000 ppm to develop the staff the remembrance of what i started and i saw that the muslim ruthless more harley actually suffered in the digital life when they want to buy something the problem is that many of them cant pay for things are lining up to 4000000 migrants are thought to be living illegally in malaysia without residency papers or work permits that means they cant open a bank account. The basic idea in my kitchen is very simple we was. To bring the offload people to online the real not to bank reo marketplace really surely suppliers Insurance Companies dont cause airlines bus ticket companies to sell their produce in a marketplace so although the my real workers can buy and be to us but at the moment its money transfers abroad that make like has done most of them come from bangladesh. Private companies and jumping into the breach where the state has failed to act for years the government has been promising to clamp down on the exploitation of migrant workers. But still nothing has been done to introduce a minimum wage inches Safety Standards or provide information on workers rights. To refugee abu sidique has long since given up hope that things here will improve he wants to leave malaysia as soon as possible. A letter there im hoping we can resettle in america i hear theres good medical care there i hope they can help my family god willing. Like many here abu sidique stream would be to return to his homeland me and man. But he struggles to believe that that will ever be possible. The challenges facing a globalized workforce that was our topic today are made dont forget to send your comments and join us again for another edition next week. If. The feel good. If something is good. If. Im that small fee its in my comps. Where i come from abroad your remains an import fountain soft transmitting nuance and form ish and when i was young my country was crawling home from. The war throbbing to keep most people want because of entourage to see. If ones mind told to turing one off the lot of just roger say so as not everyone in the column. Listen to those updates. Nothing has been from incident known codea enjoy months or more of them along even if its not i os i was its with me for. My choice to discard if i was given their way toward transmitting patrollers. When in the best mom which and. Did i. Mention being born with this. Youre a liar to comprehend for that since. You want to look at the new school. You want to be useful but on allowed to. When youre sick the doctor knows when you fall in love they wont mind you dont have children for fear theyll be invisible to. Humans have no human rights. When you die theres no proof other exist. Every 10 minutes. Someone. 10000000 people in the world the stake they have no nationality im told made up along and. That everyone has the right. Everyone has the right to say my warm. This is the abuse live from berlin tear gas and shots fired on the border between greece and turkey week authorities used force to keep thousands in search of migrants they spend days there after being told by turkey youre free to go to europe also coming up a filmmaker documents the darkest days of syrias civil war and find scenes of hope well talk to the director of the groundbreaking documentary for some a. Plus turning the tide in the u. S. Former Vice President joe biden wins