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Europe's Lost Generation?

The Brain Drain Problem, and How To Solve It

Departures sign at Manchester Airport Terminal 2, August 2012. Wikimedia

When the euro crisis ravaged Ireland's economy in 2009, Dublin promptly turned to its diaspora for help. Ireland's banking sector was close to collapse and its public finances were out of control, but Ireland's successful and patriotic expatriates were well positioned to assist. The then Prime Minister Brian Cowen gathered more than 100 leading members of the Irish diaspora in Dublin for the inaugural Global Irish Economic Forum. The goal of the conference was to use expatriates’ ideas and experience to develop measures aimed at promoting innovation, entrepreneurship, and the growth of key industries.

Seven years on, Ireland is again one of the most successful economies in the eurozone, with GDP growth at six percent, and the government has now set up Global Irish, a comprehensive campaign to engage its diaspora, which numbers around one million people, almost a sixth of Ireland's population. Its flagship event is the Global Irish Economic Forum

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