China's Reverse Brain Drain - BusinessWeek
China is pushing to lure back top Chinese scientists from the United States back to China, using the standard tools of capitalism - funding. Capital and incentivization isn't limited to corporations, but to "organizations" (including countries) of all shapes, sizes and regions.
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"The goal is to address the biggest roadblock to China's aspirations of becoming an innovation powerhouse: an acute shortage of seasoned research scientists. Accomplished physicists, biologists, and mathematicians—who might produce technological breakthroughs and build key research programs—have long balked at low pay and a university system marred by corruption, cronyism, and lax standards. But now, China's economic boom and surging government investment in research are making mainland university posts more attractive. A decade ago, only 1 in 100 leading Chinese scientists in the U.S. would have considered returning, says Rao Yi, a former Northwestern neuroscience professor who is dean of Peking University's life sciences school. Today, he says, half would. "Now, there is a chance of recruiting the rising stars of Harvard," says Rao. "
tags: innovation_management, businessweek, china, innovation