Over the past months I have noticed a new trend among forward thinking governments.
Massive investment in education as a tool to increase their advantage in the world economy.
The trend is on supporting education, and countries are lining up and investing in education to insure they are poised to take advantage of the future.
“We’ve known for a long time that this day was coming, and now it’s here: Countries are finally realizing that their future prosperity depends not on natural resources or even on financial capital, but on human capital. Companies have been battling for years to attract and keep the best people. Now countries are engaging in the same fight”
Read the entire article here: The battle for brainpower.
For years the USA, Europe and Japan had the money, universities and jobs that attracted talent, and paid for it.
These countries are filled with national and imported global talent, and the benefits can be measured in dollars and cents, Gross National Product, number of patents, and technological leadership.
Things are changing.
What happens when this imported talent stays home?
The ability to attract or retain top talent in a country will result in more patents, more and better processes and products.
The overall increase in education in a country plus the import of talented people, will provide huge economic benefits to a country.
Future economic growth, it’s not about cheap labor anymore.