Brain gain - return migration stimulation public policies. An innovative approach using corporate managerial tools strategies

Abstract

The Covid-19 pandemic highlighted the strong interdependencies and vulnerability of the EU, especially when in competition with other external actors. On the other hand, the slow pace of reforms and the increasingly uncertain domestic context, coupled with the growing influence of external actors and the EU’s own internal difficulties and divergent positions of the Member States have complicated the enlargement environment. Economies with an unstable political environment have difficulties retaining talents within the country. Romania, for example, has been experiencing an acceleration of the migration phenomenon for the past 30 years. While the Romanian economy is rapidly growing, according to all stats, talent migration is still an actual phenomenon. One of the reasons for the brain exodus, especially in the highly qualified labour segment, is the faulty management of public services: education, healthcare, and infrastructure is lagging behind Western Europe. The article aims to highlight best practices from the private sector that can be implemented by the government and to develop a brain gain model to attract talent back into the country.

Keywords

• brain grain
• managerial tools
• return migration
• innovation