Today's globalised economy has not only made it easier to trade and to travel. With new technologies and the growth of migration, new knowledge and ideas can be spread more quickly than ever before.
The ability to draw in new ideas from elsewhere and build on them at home is a more powerful stimulus than ever in today's economy.
More attention needs to be paid to how firms and universities acquire new ideas from other places.
International firms, migrants and students often have access to new knowledge from their home countries.
Greater effort could be paid to tapping that resource and to persuading both domestic and international students to stay in a city after they graduate from its university.
Published
October 2008
Author
Sami Mahroum, Rob Huggins, Naomi Clayton, Kathy Pain and Peter Taylor
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