Recently, the role of returnees in the economic development of various East Asian nations has received much attention. The early literature on the relocation of the most highly trained individuals from a developing nation to a developed nation viewed the phenomena as a “brain drain.” Since...

A near consensus has emerged supporting the public funding of industrial R&D as a solution to a host of market failures. However, the common policy prescription urges government to go no further than minimal 'market-enhancing' intervention, largely keeping the state to the role of financer of...