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I am more familiar with Singapore and from all signs it seems they do not have the brain drain problem so they are capturing more value from the output of their
by cavalcade 15y ago
I am more familiar with Singapore and from all signs it seems they do not have the brain drain problem so they are capturing more value from the output of their great education system than Finland.
- Eeko 15y agoSure about that? There is a nice graph at http://www.peoplemov.in/ http://www.peoplemov.in/ . Don't know about their sources, but Finland and Singapore seem to have around the same amount of emigration/capita (6.2 - 6.3%). Granted, Finns go more to United States and wealthy Europe (probably a bit more weighted towards skilled labor moving...) than singaporeans. But I would not say those levels qualify yet for significant brain drain. From Hong Kong, the percentage is closer to 10% and S-Korea has only around ~5% of emigration. I said Finland could be fairly prone for brain-drain if stuff would get significantly worse in the future. (Like what is happening at Greece these days.) But right now I'm pretty sure that the progress will be, though not outright good, less bad than most of the world. A safer bet, to say. And healthy amount of emigration is good for a nation. People go abroad for a few years or decades to make money, gain experience and positive influences and then can bring 'em back home.
- cavalcade 15y agoSeems == not sure. :) In light of this, it will be very interesting to watch Finland, Singapore and South Korea on a macro level in the coming years. Another cool data point would be the GDP growth and citizen sentiment over the years.