Brain Drain or Brain Circulation?
Wadhwa suggests that this brain drain is bad for the United States: "It is a loss for America. Innovation that would otherwise be happening here is going abroad." Of course, this also suggests economic loss.
But is there cause to panic? Is this such a bad thing?
There are others who suggest a "Brain Circulation", where knowledge is now going to be shared on a much wider scale.
Think about it.
Those who have worked here have developed relationships with the cultural melting pot that is the United States. With the internet and current social media, current technology can ensure that out of sight does not necessarily mean out of mind when expats return to their homes.
Within my own company we use this same technology to interact with others overseas and develop mutually beneficial relationships (more on this very subject to follow in the coming months).
As I have stated in past articles, the tactics and technologies of networking and relationship-building is breaking down boundaries that separate us and allowing us to grow in ways that we might not have before (notice that I did not say "could have"). It is even causing us to take a more serious look at how we may be defining companies as well as countries in the future.
What I am curious to know are your thoughts...is this brain drain or brain circulation? In what ways does this effect your business/entrepreneurial enterprise?
Feel free to send your comments to me at adam@tnnwc.com and I may include them in an upcoming article.
We are a collaborative entrepreneurial, creative organization offering you hands-on, personalized assistance in every aspect of achieving your monetization, profitability and financial sustainability objectives, domestically and globally.
We don’t just coach you or offer you pre-packaged, push-button solutions – we listen to you, analyze your exact needs, and work within your budget to: 1) create your tool kit and 2) work as your partner to implement your plan by supporting you in the most efficient and productive use of every tool.
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by Adam J. Kovitz
A recent report by the Kauffman Foundation in association with Duke University, University of California-Berkeley and Harvard University entitled The Grass is Indeed Greener in India and China for Returnee Entrepreneurs, suggests that the United States is suffering from "Brain Drain" as skilled Indian and Chinese expats return home to booming economies within their own countries.
Vivek Wadhwa, one of the authors of the report, estimates that approximately 300,000 entrepreneurs have returned to both India and China over the past two decades. This is attributed mainly to the following factors:
1.) The desire to be back home with friends and family
2.) Access to local markets
3.) Considerable economic opportunities, and
4.) A "flawed" U.S. immigration system.
Wadhwa suggests that this brain drain is bad for the United States: "It is a loss for America. Innovation that would otherwise be happening here is going abroad." Of course, this also suggests economic loss.
But is there cause to panic? Is this such a bad thing?
There are others who suggest a "Brain Circulation", where knowledge is now going to be shared on a much wider scale.
Think about it.
Those who have worked here have developed relationships with the cultural melting pot that is the United States. With the internet and current social media, current technology can ensure that out of sight does not necessarily mean out of mind when expats return to their homes.
Within my own company we use this same technology to interact with others overseas and develop mutually beneficial relationships (more on this very subject to follow in the coming months).
As I have stated in past articles, the tactics and technologies of networking and relationship-building is breaking down boundaries that separate us and allowing us to grow in ways that we might not have before (notice that I did not say "could have"). It is even causing us to take a more serious look at how we may be defining companies as well as countries in the future.
What I am curious to know are your thoughts...is this brain drain or brain circulation? In what ways does this effect your business/entrepreneurial enterprise?
Feel free to send your comments to me at adam@tnnwc.com and I may include them in an upcoming article.
All my best,
Adam
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We don’t just coach you or offer you pre-packaged, push-button solutions – we listen to you, analyze your exact needs, and work within your budget to: 1) create your tool kit and 2) work as your partner to implement your plan by supporting you in the most efficient and productive use of every tool.
Visit our website, which is located at http://www.TNNWC.com .
To receive our newsletters, publications, information bulletins and alerts, simply join us as a Member. Membership is free and the benefits are unequalled anywhere.
Just go to our home page, and click on the “JOIN US” button.
Capital, Traffic Building, International Customers and unique SERVICES.
The National Networker Publications™ produced by TNNWC Group, LLC
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