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be noted about these universities, is that they are all founded and overwhelmingly staffed by
Icelanders with graduate credentials from leading universities of North America, Europe and various
other parts of the World (Jónsson 1961; Háskóli Islands 2014).
The Role of Brain Circulation in the Development of Icelandic Hydro- and Geothermal Power
The renewable energy sector is the clearest example of how strong human capital has allowed
Iceland to benefit from natural resources. Strong local human capital and the interaction with
knowledge abroad, are leading throughout the history of Icelandic hydro and geothermal power. In
the late 1800s, the world was gripped by the prospects of hydropower as an important resource
fueling the energy-intensive high-tech industry of the day, namely nitrogen-based fertilizer. Icela