Indeed, the threat now is not just that individuals will be wooed away. Countries — from Singapore to South Korea to Taiwan to China to the EU-25 — are making even greater efforts to woo entire firms away, in particular R&D firms. Singapore, South Korea and Taiwan have already become significant research-hubs. But the suction for entire R&D firms can come from farther a-field too. We think of the US as a high-cost economy, as one that is now compelled to outsource R&D efforts to a country like India. But that is just one side of the picture, and that is true only for one end of research. In 2002, US firms spent around $ 21 billion doing research in foreign countries. As against this, foreign firms spent close to $ 26 billion doing research in the US. (Science and Engineering Indicators, 2006, Volume I, 0-4, 0-5, 18.) And that stands to reason: researchers are less costly in countries like India, but today a great deal of research, and almost all of frontier research, involves such high-technology infrastructure that it is best executed in countries like the US.

Things to do

The first thing to do is to stop counter-positioning primary, universal education against higher education. We need both. We can afford both. Second, we must see both — the threat as well as the opportunity: the threat that we may lose our best minds at an even faster rate than the rate at which we have been losing them in the past decades; on the other side, the opportunity that we can be educators to the world.

... contd.