Talent Abroad Promoting Growth and Institutional Development at Home : Skilled Diaspora as Part of the Country

Talent Abroad Promoting Growth and Institutional Development at Home : Skilled Diaspora as Part of the Country

As developing countries embark on the policy agenda of innovation-based growth, they face on acute shortage of competent individual who know the country well, but who are not part of the 'status qua' and there for have no vested interests...

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Bibliographic Details
Main Author:	Kuznetsov, Yevgeny
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACTIVISM BENEFICIARIES BEST PRACTICE BINDING CONSTRAINT BINDING CONSTRAINTS BIOTECHNOLOGIES BIOTECHNOLOGY BRAIN DRAIN BUSINESSES CAPABILITIES CAPABILITY CENTERS OF EXCELLENCE COLLABORATION COMPETITIVENESS COMPETITIVENESS AGENDA COUNTRY DEVELOPMENT COUNTRY TO COUNTRY CREDIBILITY CREDIT BUREAU CREDIT BUREAUS DEBT DECISION-MAKING DEVELOPING COUNTRIES DIASPORA DIASPORA NETWORK DIASPORA NETWORKS DOMAIN DOMAINS DOMESTIC BANKS DONATIONS DURABLE ECONOMIC COOPERATION ECONOMIC CRISIS ECONOMIC DEVELOPMENT ELECTRICITY ELITES ENGINEERS ENTRY POINTS EXPORT GROWTH EXPOSURE FINANCIAL MARKETS FINANCIAL SECTOR FOREIGN PROFESSIONALS GLOBAL ECONOMY GLOBAL TRADE GLOBALIZATION GRADUATE DEGREES HIGHER EDUCATION HOME COUNTRIES HOME COUNTRY INCOME INFORMATION TECHNOLOGY INNOVATION INSTITUTION INSTITUTION BUILDING INSTITUTIONAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INSTITUTIONAL FRAMEWORK INSTITUTIONAL INFRASTRUCTURE INTERNATIONAL INVESTMENT LEARNING LIBERALIZATION LIBERALIZATIONS LITERATURE LOCAL BANKS LOCAL INSTITUTION LOCAL MARKETS LOW-INCOME COUNTRIES MANUFACTURING MEDICINE NETWORKS OPPORTUNITY COSTS PDF PORTFOLIO PORTFOLIOS PRIVATE CREDIT PRIVATE CREDIT BUREAU PRIVATE CREDIT BUREAUS PRIVATE SECTOR PROGRAMS REMITTANCES RESEARCH INSTITUTES RESULT RETURN RETURNS RURAL INFRASTRUCTURE SCIENTISTS SEARCH SILICON SMALL COUNTRIES STARTUPS STOCK EXCHANGE TECHNICAL SKILLS TECHNOLOGY PARKS TECHNOLOGY TRANSFER TRADE LIBERALIZATION TRADING UNIVERSITIES UNIVERSITY EDUCATION UNIVERSITY STUDENTS VENTURE CAPITAL VOLATILITY WEB WEB SITE WORLD ECONOMY
Online Access:	http://documents.worldbank.org/curated/en/2010/12/13246639/talent-abroad-promoting-growth-institutional-development-home-skilled-diaspora-part-country http://hdl.handle.net/10986/10117

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Summary:	As developing countries embark on the policy agenda of innovation-based growth, they face on acute shortage of competent individual who know the country well, but who are not part of the 'status qua' and there for have no vested interests other then the best possible country outcome. Paradoxically, the search for these individuals often leads to the country's talent abroad its skilled diaspora. The best and brightest, who are crucial for innovation, have often left the country in search of better opportunities. The usual policy focus encourage return of talent to the home country is often neither realistic nor necessary: members of skilled diasporas can just as effectively engage in joint continuous projects with the home country without permanently relocating to it: a phenomenon called 'brain circulation.'