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drllau's avatar

Look at Singapore as example of evolution of tertiary sector. In the 80s, the Bureau of Manpower (might have changed name by now) would sponsor students to go abroad on condition they'd work for the govt for a period upon return (or reimburse the cost if not). This allowed them to build up a cadre in technical/management classes. Since then, they've heavily recruited for NUS and other unis to the extent it is now an export services sector. However, attempts at making SG an R&D powerhouse is ... mixed. Their industrial policies tried to make bioinformatics a pillar but that didn't pan out, with current emphasis on logistics and fintech. It could well be that in coming decades China with confucian emphasis on learning could reverse the brain drain (so long as learn mandarin).

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Paul Hesse's avatar

Not just rethinking…actively moving.

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