What is brain drain article?
What is brain drain article?
Brain drain is defined as the migration of health personnel in search of the better standard of living and quality of life, higher salaries, access to advanced technology and more stable political conditions in different places worldwide.
What is brain drain in short?
Brain drain is a slang term indicating substantial emigration or migration of individuals. A brain drain can result from turmoil within a nation, the existence of favorable professional opportunities in other countries, or from a desire to seek a higher standard of living.
What is the purpose of brain drain?
A brain drain stimulates education, induces remittance flows, reduces international transaction costs, and generates benefits in source countries from both returnees and the diaspora abroad.
What is an example of brain drain?
An example of brain drain is when almost all people who are highly educated but who live in a third-world country find jobs in the US and leave their home country.
What is brain drain and its effects?
Brain drain is a problem described as the process in which a country loses its most educated and talented workers to other countries through migration. Negative effects include loss of tax revenues by the home country, and a loss of key health and education service professionals.
What is the conclusion of brain drain?
6.8 Conclusion Brain drain has always been the main agenda for policy makers as the loss of skilled personnel equates to slowdown in economic growth. Although there has been quite a number of researches on the phenomenon conducted by earlier researchers, but very few have attempted to conduct it quantitatively.
What are the effects of brain drain?
Effects of Brain Drain on the Home Country
- Loss of tax revenue.
- Loss of potential future entrepreneurs.
- A shortage of important, skilled workers.
- The exodus may lead to loss of confidence in the economy, which will cause persons to desire to leave rather than stay.
- Loss of innovative ideas.
What are positive effects of brain drain?
Positive effects of brain drain include : 1. Better employment opportunities for educated and skilled workers that may not be available in their own country. 2. The migrant’s country will prosper as more money foreign exchange will enter the country.
How brain drain affect a country?
Brain drain is a problem described as the process in which a country loses its most educated and talented workers to other countries through migration. Negative effects include loss of tax revenues by the home country, and a loss of key health and education service professionals. Loss of tax revenue.
How does brain drain affect a country?
Brain drain can have a negative impact on the sending region, such as reduction of human capital, limited capacity to innovate, reduced economic growth, demographic shifts, and a higher cost of public goods.