ABSTRACT
The brain drain seems to stem from the fact that the Greater Boston area is hosting a growing number of students, increasingly coming from all over the world, who cannot be absorbed by the local job market. Boston and its surrounding area is considered an urban ecosystem with a great capacity to create value, attract talent and mobilize large amounts of public and private financial resources on the basis of talent and creativity. The process that led Boston to become an example began more than 60 years ago, when large investments took place around the Massachusetts Institute of Technology (MIT), right after MIT cooperated with the US government during World War II. In 2013, the Federal Reserve Bank of Boston published the report Retaining Recent College Graduates in New England: An Update on Current Trends showing the brain drain occurring in the Boston area. Many other cities have tried to replicate Boston's development based on creativity and knowledge.
