Brain drains rob developing countries of valuable human talent, as their best and brightest people go abroad to study and opt to stay in the developed world. For many years, the People’s Republic of China has been no exception to this phenomenon. In recent years, however, tens of thousand of people trained abroad have been returning to China, World Econmy & Development In Brief reports.
As China’s economy continues to grow exponentially, the country faces a shortage of locally educated managers with international experience. But more and more Chinese who previously left the country to study abroad are heading back to the land of opportunities, according to a recent article by David Zweig in ILO’s International Labour Review ... ... this article is for subscribers only. For direct log in click >>> here.If you have no subscription, pick an option >>> here.
Race to a New Bretton Woods + Time for UN to Act + Stiglitz' New Economic Compact + China's Agrarian Reforms + Transparency Deficit of IMF and World Bank
Since the financial meltdown began in mid-September, the bond markets of most of the region have been hit, as well as most of their stock markets and a number of currencies. Can South America escape the wrath of the economic and financial storms that have their epicenter in the United States?
On 11 October 2008, the International Working Group of Sovereign Wealth Funds (IWG) released the Generally Accepted Principles and Practices (GAPP) that would guide the governance and accountability framework of sovereign wealth funds (SWFs).
For years, only a small and enlightened elite and some NGOs looking beyond their tiny projects have been calling for a New Bretton Woods - a global conference to restructure the global economic and financial system. Yet suddenly such demands have become almost mainstream, and developments have accelerated tremendously.
The timing has been perfect: In the middle of October, the Central Committee of the Communist Party of China approved a reform proposal that will allow farmers to lease or transfer their land rights. Called a "historic" decision by some observers, the Chinese government announced it as Chinas contribution to counter the financial crisis.
The 2008 US Presidential election was historic itself owing to the candidates' profile. But the timing of the elections as the U.S. and global economy are in the midst of the worst financial crisis and recession in decades reminds us of the Great Depression era and the 1980s recession.