I wrote some remarks about the threat of brain-drain from Central Europe to USA. Recently, I have met some intelligent cosmopolitan guys, who confirmed my opinion that brain drain actually can be useful. The question is how to make most out of it? A solution may appear …
Three intelligent people. One of them is an Assistant Professor and Research Associate in quantum optics at New York’s Hunter College. The second lectures in financial engineering on Wall Street. The third is an Assistant Research Professor in bioengineering in Florida. All three are of these people Hungarians who have made successful careers in the United States. And each has to returned to Hungary and is now working in Szombathely.
Continue reading ‘Central Europe can bring talent back home’
A vital step has been taken forward in promoting R+D, for Hungary, for Central Europe and the entire European Union. Budapest has been chosen to host the European Institute for Technology and Innovation (EIT). Work on the project, backed by a budgeted €308.7 million ($483.5 million), is due to start later this year. It will be the European organization with the aim to make Europe competitive on the world market and to push EU on the economic growth track.
Continue reading ‘Budapest to host European Institute for Technology and Innovation’
As described in earlier articles, brain drain exists, and it has a significant impact on local economies. There has been recently a detailed analysis on how to counter-act this phenomenon, or how to make use of it.
Basically, there are three ways to counteract brain drain: 1) Creating administrative barriers against migration 2) Charging emigrants for their direct cost to the state (e.g. cost of education) 3. Engaging with the diaspora, by building interactive and strong communication links with the migrants – e.g. invitations to conferences, shared research activity.
Continue reading ‘Brain drain – is it useful, at the end of the day?’
There is an enormous willingness from state policy makers to boost research and development activity in various countries of the Centrope region. The question is does this work?
Facts: in Hungary the R&D spending is app. 1% of the GPD. 90% of the spending comes from the public sector. The number of scientific researchers is extremely low, and brain drain has accelerated in recent years. The percentage of small- and medium sized enterprises is low, meanwhile their research budget is also insignificant. The percentage of graduates in real sciences is less than 8% of total graduates.
Continue reading ‘R&D – no impact of public money?’
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