The Journey begins!

by Fritz-Erler-School Pforzheim I

The Young Economic Summit is not only a big challenge for all of us, but it also offers an insight into scientific work as well as real present and future economic problems. We look forward to these challenges and the opportunity to develop solutions for a wide variety of problems.

We are Kim Bertzel, Emily Kolein, Fatjona Bauta, Moritz Asal, Jan Becker and Marcel Wenz, students of International Business Studies and Economics at the Fritz-Erler-Wirtschaftsgymnasium, Pforzheim.

We first came into contact with the competition through our economics teacher Mr Zanker and formed a group after a few days, knowing that each of us will be an individual and personal enrichment for the group.

Photo: (c) ZEW / Theresa Hepp

The Kick-Off-Meeting
We were all excited about the competition from the very first second and were looking forward to the start and first impressions. On March 14, it finally happened, and we drove to Mannheim to the Centre for European Economic Research (ZEW).

We were warmly welcomed and got to know our project manager Laura Bickel and our scientific assistants.

After a short introduction round, we went into the topic in the form of a presentation and had the first discussion on the next steps to be taken as well as possible approaches to our topic with the scientific assistants.

The topic
Our topic „Innovation and Entrepreneurship: Highly skilled Migrants“ is broadly based. Possible topics include, for example, the influence of highly qualified migrants on our society, the simplification of the integration of highly qualified refugees, the fight against the declining population through immigration or the question of how we can make Germany more attractive to foreign students.

These topics present many difficulties, which is why we focus on finding solutions for the brain drain of foreign graduates. In fact, about 50% of foreign students leave Germany within 5 years after graduation. Since Germany has mainly paid for the costs for the education of many of those students, who in turn take valuable knowledge with them, that means a misinvestment for the state. In the following weeks and months, we will, therefore, deal with the task of making these students – and their know-how – stay in Germany.

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