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...easier immigration in developed countries and can lead to a greater economic potential in the development of new technologies and the creation of business, as well as the international transfer of knowledge and best practices. The process can be recognized by the movement across national boundaries of technology experts, software and hardware developers, scientists, entrepreneurs, international managers, etc. In a joint project between the World Institute for Development Economics Research of the United Nations University (UNU-WIDER) in Helsinki, Finland, and the United Nations Economic Commission for Latin America and the Carribbean (UN-ECLAC) in Santiago, Chile, this process has been described as the international mobility of talent. The project has studied the nature, causes and consequences of such mobility for international development.
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Talent--an individual's inner capacity to develop ideas and concepts, some with high economic value--is a critical engine for growth and development. It is an area in which developing countries usually lag behind developed nations and where development gaps are more evident. The "human factor" is critical to the success or failure of many endeavours. Emerging economies, such as China, India, the Russian Federation and Poland and to a lesser extent some...
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