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US institutions should thus move "beyond remittances" and empower these US-based communities to better help the development prospects of their country of origin, by harnessing diasporic talent in developing better infrastructure and educational and healthcare systems locally and internationally.
Little wonder that some executives are questioning whether the touted endless supply of low-cost talent in developing countries is already drying up.
Recently they interviewed executives at more than 20 global companies to identify strategies for attracting talent in developing economies - where, they learned, brand, opportunity, purpose, and culture play out in particular ways.
When many people think about global freelancing, they picture clients in wealthy countries hiring talent in developing nations to cut labor costs.
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While companies sometimes struggle to recruit advanced software engineers and tech talents in developing Southeast Asian markets, Singapore boasts a young but experienced cohort of software engineers, according to The Straits Times.
Companies with large factories and talent pools in developing markets must craft specific policies for retaining and rewarding talent in those countries.
As leaders, they must recognize talent, assist in developing an academic career path, provide feedback, and set clear expectations about job performance.
Already, some of the world's brightest technological minds are channeling their talent into developing A.I. in line with society's highest ethical values.
Those hopes often involve shopping for talent in the developing world.
Multinational companies routinely promote local talent in the developing world, putting an ever more multi-ethnic face on the global talent elite.
That figure is dwarfed by the normal job churn in America, where 4.6m Americans start with a new employer every month.There is clearly plenty of eager talent in the developing world.
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