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Knowledge Based Economy: The Role of Expert Diaspora

Author

Listed:
  • Jovan Filipović

    () (Faculty of Organizational Sciences, University of Belgrade, Serbia)

  • Srečko Devjak

    () (Faculty of Administration, University of Ljubljana, Slovenia)

  • Goran Putnik

    () (Department of Production and Systems Engineering, University of Minho, Portugal)

Abstract

Diasporas stand out as an economic or cultural avant-garde of transformation. This is especially true for academic and other intellectual Diaspora communities, because science and knowledge creation are global enterprises. Proclivity of knowledge workers to move in order to improve and absorb transnational knowledge through Diaspora networks might be an essential quality of an emerging national economy of a developing country. The article treats the role of expert Diaspora in knowledge based economy, innovation and talent management. Besides presenting the essentials of knowledge based economy and innovation, it discusses the role of expert Diaspora in science, technology and innovation (STI) capacity building. Also, the article emphasizes the importance of leadership for talent and its implications for Diaspora. Using WEF statistics, it illustrates negative consequences of the sad policy of “Chaseaway the brightest and the best” for innovative capacity, competitiveness, and prosperity of nations.

Suggested Citation

  • Jovan Filipović & Srečko Devjak & Goran Putnik, 2012. "Knowledge Based Economy: The Role of Expert Diaspora," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 59(3), pages 369-386, June.
  • Handle: RePEc:voj:journl:v:59:y:2012:i:3:p:369-386
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    References listed on IDEAS

    as
    1. Yevgeny Kuznetsov, 2006. "Diaspora Networks and the International Migration of Skills : How Countries Can Draw on their Talent Abroad," World Bank Publications, The World Bank, number 7008.
    2. Markus Balzat & Horst Hanusch, 2003. "Recent Trends in the Research on National Innovation Systems," Discussion Paper Series 254, Universitaet Augsburg, Institute for Economics.
    3. Markus Balzat & Horst Hanusch, 2004. "Recent trends in the research on national innovation systems," Journal of Evolutionary Economics, Springer, vol. 14(2), pages 197-210, June.
    4. João Sousa Andrade & Adelaide Duarte, 2011. "The Fundamentals of the Portuguese Crisis," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(2), pages 195-218, June.
    5. Alberto Rodríguez, 2008. "Knowledge and Innovation for Competitiveness in Brazil," World Bank Publications, The World Bank, number 6413.
    6. Edvard Jakopin & Jurij Bajec, 2009. "Challenges of Industrial Development of Serbia," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 56(4), pages 507-525, December.
    7. Constantin Gurdgiev & Brian M. Lucey & Ciarán Mac an Bhaird & Lorcan Roche-Kelly, 2011. "The Irish Economy: Three Strikes and You’re Out?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(1), pages 19-41, March.
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    Citations

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    Cited by:

    1. Monica Roman, 2013. "Financial Effects of the International Migration in Europe: Modelling the Decision to Remit," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 60(4), pages 541-555, June.
    2. Ismet GOCER & Sedat ALATAS & Osman PEKER, 2016. "Effects of R&D and innovation on income in EU countries: new generation panel cointegration and causality analysis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(609), W), pages 153-164, Winter.
    3. José-Luis Alfaro Navarro & Victor-Raúl López Ruiz & Domingo Nevado Peña, 2014. "Economic Growth and Intangible Capitals: Europe versus Asia," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(3), pages 261-274, June.
    4. Ismet GOCER & Sedat ALATAS & Osman PEKER, 2016. "Effects of R&D and innovation on income in EU countries: new generation panel cointegration and causality analysis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(609), W), pages 153-164, Winter.

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