| > so they leave for greener pastures abroad Alternatively, SK and Japanese companies have succeeded in expanding foreign R&D capacity significantly (starting with China in the early 2000s) and there isn't as much a need to remain within JP+SK anymore. For example, SK and JP expat talent is fairly common in VN, TH, and IN now where they are managing local divisions in those countries. This largely connects with both Japan and SK's "Flying Geese Paradigm" (雁行形態論) to use Japanese and Korean R&D capacity to build newer markets abroad, and cultivate a secondary tier of R&D capacity. This was a major reason why Japanese manufacturers heavily invested in electronics R&D in Thailand, Malaysia, China (before 2013), and India along with SK's similar attempts in Vietnam and China (before 2017). Most of these Koreans and Japanese abroad continue to work for Korean and Japanese companies or (if in the US) on funded scholarships or research from both governments. > Last years report on brain drain from top 10/100/1000 indian institutions was staggering Which report? The only Indian institutions that matter are Institues of National Importance (INI), and very few graduates (usually around 1-5%) from those programs go abroad excluding for graduate study, based on placement statistics since 2017. During the 2011-17 period there was a structural slowdown in the Indian economy due to an infra lending crisis which was resolved by Raghuram Rajan, Arvind Subramanian, and Krishnamurthy Subramanian's reforms [0] IME, after the Indian economy stabilized by 2018, most Indians abroad tend to be from non-target institutions, or those who's careers hit a rut as they were unable to be placed at a tier 1 employer (usually a company or government agency that can pay a $10-15k a year starting salary). > Regional powers don't get this playbook. Agree to disagree. The primary difference between China and other countries is that China wouldn't allow significant ownership in R&D FDI within China, thus creating a de facto firewall between domestic talent and R&D capacity abroad. Most Japanese and Korean companies already tired from that policy and began decoupling in the 2010s, and China was never as closely integrated into the American innovation system as Israel and India (thus leading to the development of local R&D champions). This is NOT to say China is inferior, but this is to say that there is a level of protectionism in Chinese R&D capacity that isn't as common in other countries (even Russia pre-2022), and increasingly incentivizes Chinese R&D to remain relatively insular. Most other countries don't have the need to develop hyper-insular R&D capacities as international cooperation remains fairly high. [0] - https://www.economist.com/finance-and-economics/2023/05/11/i... |