Brain drain and competitive advantage in the context of globalization

Catalina Cozmei () and Margareta Rusu ()
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Catalina Cozmei: Faculty of Accounting and Management Information Systems, Academy of Economic Studies, Bucharest, Romania
Margareta Rusu: Faculty of Management, Academy of Economic Studies, Bucharest, Romania

THE YEARBOOK OF THE "GH. ZANE" INSTITUTE OF ECONOMIC RESEARCHES, 2012, vol. 21, issue 1, 51-58

Abstract: Technological innovation, lower and lower costs of transport and communication, and enlargement of trade and financial interdependence of countries have helped to mitigate the borders of nation states and more free and cheaper movements of goods, money, people. Thus, economic actors such as multinationals are forced, in order to survive on the market, to expand their activities beyond the national borders, a trend that is now supported by the migration of individuals who possess superior knowledge and training. Moreover, in the context of the new economy, power is held by those who own information, acquisition, possession and appropriate use of knowledge being the cornerstone of this new type of economy. In this economic ecosystem have emerged "cognitive domains" in which ideas are worth billions, while products cost less

Keywords: brain drain; migration; competitive advantage; knowledge; human capital (search for similar items in EconPapers)
Date: 2012
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