Brain drain
Brain drain, which refers to the emigration of intelligent, well-educated individuals to somewhere for better pay or conditions, causing the place they came from to lose those skilled people, or "brains."
Brain drain is common in developing nations, particularly in former African colonies. China and India have recently been discovered to be at the top of the list of countries with skilled students of English leaving.
A brain drain is effectively an export of human resources such as “education services”, which has inadvertently “become a money machine for countries such as the US, contributing over $7 billion to the US economy.” However, it is important to note that the knowledge and wealth generated is twofold, both for the country of origin and the host country.
Circular migration presents a number of benefits associated with brain drain. When the migrant workers return home as part of the circular pattern, they may bring with them new skills and knowledge. Remittances are a positive effect of the brain drain because they increase living standards in society. The gains come instead from the increase in promotion of education of highly skilled labour in developing countries, as well as investment in infrastructure. Nevertheless, this is not a precedent. The remittance economy is a significant part of the brain drain as well an integral source of income for developed economies.
At last, I would like to conclude just by sayin that, 2011 remittances were estimated at $372 billion and for countries such as Mexico and the Philippines were worth $24 and $34 billion respectively.
Questions:-
Can we actually really use the term & system, 'brain drain' in an increasingly globalised world?
What makes brain drain more likely?
Do high-skilled workers remit, invest, and share knowledge back home?
Does externalities of brain drain result in a positive manner or not for that same person?
Brain drain is common in developing nations, particularly in former African colonies. China and India have recently been discovered to be at the top of the list of countries with skilled students of English leaving.
A brain drain is effectively an export of human resources such as “education services”, which has inadvertently “become a money machine for countries such as the US, contributing over $7 billion to the US economy.” However, it is important to note that the knowledge and wealth generated is twofold, both for the country of origin and the host country.
Circular migration presents a number of benefits associated with brain drain. When the migrant workers return home as part of the circular pattern, they may bring with them new skills and knowledge. Remittances are a positive effect of the brain drain because they increase living standards in society. The gains come instead from the increase in promotion of education of highly skilled labour in developing countries, as well as investment in infrastructure. Nevertheless, this is not a precedent. The remittance economy is a significant part of the brain drain as well an integral source of income for developed economies.
At last, I would like to conclude just by sayin that, 2011 remittances were estimated at $372 billion and for countries such as Mexico and the Philippines were worth $24 and $34 billion respectively.
Questions:-
Can we actually really use the term & system, 'brain drain' in an increasingly globalised world?
What makes brain drain more likely?
Do high-skilled workers remit, invest, and share knowledge back home?
Does externalities of brain drain result in a positive manner or not for that same person?