Higher education and national governance: comparison of their relationship with talent

Ricardo Chacón, Suhang Fan and Patricio Maturana-Russel

International Journal of Education Economics and Development, 2024, vol. 15, issue 3, 412-429

Abstract: In the information age and era of globalisation, it is crucial that companies attract, develop and retain workers. However, this issue is not only a matter for companies; nowadays, governments and societies compete for talent at a global level. Several dimensions shape this macro talent environment: investment in education, employee training, and health infrastructure, among others. In this study, we focus on higher education (rankings and participation rates by level of education) and the country's governance according to the talent-relative position of countries in the Institute for Management Development (IMD) World Ranking (WTR). If the median of governance indicators rises by four parts, the country's world talent ranking will improve by one place. On the higher education side, a strong relationship exists with the proportion of students attending top 200 universities. However, the talent ranking of the country is more positively affected by improving participation rates at the masters and doctoral levels.

Keywords: higher education; university rankings; human capital; talent; governance; labour markets; public sector. (search for similar items in EconPapers)
Date: 2024
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