When it comes to brain business jobs, Malta is the leading country in the South European region – the region in Europe which has the lowest share of knowledge workers.
According to a new report by the European Centre for Policy Reform and Entrepreneurship, upcoming countries such as the two small states of Malta and Estonia are doing significantly better compared to other European countries with a similar geographical and historical background.
“By pursuing growth policies and actively attracting international business, the two countries have leapfrogged in terms of knowledge intensive development,” the report said.
Describing Malta as an ”island nation, which used to be a backwards, albeit pleasant, place,” the report said that it “has become the most knowledge intensive centre of Southern Europe.”
“Malta is strong in advanced services and creative professions. It also scores reasonably well in ICT but has a very weak tech-sector. This high level of specialization can be expected due to the countries small size. Malta attracts many European businesses and is also developing a relatively large sector in online-gaming, which in turn fuels the ICT sector.”
“By attracting international businesses and talents, the country strives to become a miniature Singapore of the Mediterranean.”
The report cited Malta as an example that other Southern European countries could follow to play catch up with the rest of Europe, resulting in important benefits for job and wealth creation.