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

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  • Kuznetsov, Yevgeny

    (World Bank)

Abstract

As developing countries embark on a policy agenda of innovation-based growth, they face an acute shortage of competent individuals who know the country well, but who are not part of the “status quo” and therefore have no vested interests other than 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.”

Suggested Citation

  • Kuznetsov, Yevgeny, 2010. "Talent Abroad Promoting Growth and Institutional Development at Home: Skilled Diaspora as Part of the Country," World Bank - Economic Premise, The World Bank, issue 44, pages 1-7, December.
  • Handle: RePEc:wbk:prmecp:ep44
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    References listed on IDEAS

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    1. AnnaLee Saxenian & Charles Sabel, 2008. "Roepke Lecture in Economic Geography Venture Capital in the “Periphery”: The New Argonauts, Global Search, and Local Institution Building," Economic Geography, Taylor & Francis Journals, vol. 84(4), pages 379-394, October.
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    Cited by:

    1. Stefano Breschi & Francesco Lissoni & Ernest Miguelez, 2017. "Foreign-origin inventors in the USA: testing for diaspora and brain gain effects," Journal of Economic Geography, Oxford University Press, vol. 17(5), pages 1009-1038.
    2. Francesco LISSONI, 2016. "Migration and Innovation Diffusion : An Eclectic Survey," Cahiers du GREThA (2007-2019) 2016-11, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).

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    More about this item

    Keywords

    skilled diaspora; labor; innovation; immigration; migration; remittances; brain drain; brain circulation; mobility; trade;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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