By Al-Suhaibani And Kryzanowski
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Extra resources for An Exploratory Analysis Of The Order Book, And Order Flow And Execution On The Saudi Stock Market
The broad policy regime, in the home and host country, can crucially affect the decision of the talented to stay, leave, or return to their home countries. If policies are such that countries grow slowly, offer poor business opportunities and low salaries in universities, bringing macroeconomic volatility and other kinds of malaise, then we can expect that the talented elite (from entrepreneurs and innovators to professionals and bright students) will resent these conditions and try to leave their home countries.
In fact, the well educated and cultivated migrant often has knowledge of more than one language and displays a great awareness of the cultural differences across nations. This marks a difference from the poor migrants and less skilled workers that move across national boundaries. These traits facilitate the international mobility of talent and make it easier for adjustment to other countries and realities. There is an ‘international elite of talent’ composed of people who have studied abroad, who belong to professional and alumni networks of prestigious universities, and who have developed a dense network of contacts with well placed individuals around the world.
Engineers, mathematical programmers, scientists, and others whose knowledge can be used in the development of software and hardware are especially valuable. As mentioned before, when talent is imported from abroad, the supply of talent comes from a few developing countries such as Russia, India, China, Poland, South Africa, Mexico, and Brazil. The supply of technical talent from Latin American countries for some important markets such as the US is still small in contrast with the talent coming from Asia.