Tuesday 29 April 2014

Brain Drain Blights Iran’s Economy as Investors Wait in Wings - Bloomberg

Brain Drain Blights Iran’s Economy as Investors Wait in Wings - Bloomberg:



"Drawing on a cigarette at his flat in central Tehran, Araz Alipour counts on one hand his college friends who have chosen to build a career in Iran.



“Easily 90 percent of them have gone overseas,” the 29-year-old software developer said, reflecting on a middle-class flight that has seen many of the nation’s best scientists and engineers leave. “Of my 45 university classmates, I guess maybe five are left.”



Photographs of new cars, homes and expanding families posted on Facebook and Instagram document some of the tens of thousands of Iranian lives transplanted each year, mainly to Europe and North America. Seyyed Hassan Hosseini, deputy chief of Iran’s National Elites Foundation, said on April 20 that over the past two years at least 40 percent of top-performing students in science and engineering left the Persian Gulf nation."



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