One way brain drain. Managers from about 1,200 businesses with a high R&D activity told Ernst&Young that Germany was, next to the US and Japan, a leader in pharmaceutical and biological technology, nanotechnologies, air and space navigation, as well as information and electrical engineering. According to the study, specialists working in these sectors could very well be subject to headhunting, as Germany is perceived as a country “where the greatest number of talents will come in the short run.” In this respect, China, the US and India are first in line, but mostly because of the size of their population. Germany is fourth, far before Japan and other European countries. According to Ernst&Young, this brain drain is going to be worsened by the fact that, so far, German businesses have been making little effort to recruit, in turn, foreign specialists. The latter only represent a large group in one in four German businesses. British, American, Irish or Canadian firms are, in this respect, much more open to foreign skilled workers. The auditor warned: if Germany looses its best talent and only welcomes a limited number of foreign specialists in return, “expert emigration could become a one-way street,” which will jeopardize the future of Germany as a place for innovation.
an businesses have been making little effort to recruit, in turn, foreign specialists. The latter only represent a large group in one in four German businesses. British, American, Irish or Canadian firms are, in this respect, much more open to foreign skilled workers. The auditor warned: if Germany looses its best talent and only welcomes a limited number of foreign specialists in return, “expert emigration could become a one-way street,” which will jeopardize the future of Germany as a plac
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