A sudden wave of hiring in East Asia, especially in Hong Kong, could lead to a brain drain of computer science talent away from America. Talented IT professionals and academics are finding that they can land high-paying tenure-track positions in computer science and similar types of positions relatively easily by packing up and moving to Hong Kong. The reason is that Hong Kong's eight public universities have recently begun to invest in the research necessary to turn them into global powerhouses. If Hong Kong's ambitious plans for higher education take off, this career path could become increasingly common.
Over the past several years, Hong Kong has made a determined effort to raise its profile by positioning its universities to compete globally for students, scholars, and research projects. In the process, it is transitioning its higher-education system from the British three-year model into a four-year system aligned with those of the United States and mainland China. The overhaul includes pumping millions of dollars into research, retooling undergraduate curricula to inspire creative thinking, and hiring more professors. By investing nearly 6% of its annual budget in higher education, Hong Kong has ambitions of evolving into an educational hub for the region.
From The Chronicle of Higher Education
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