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 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 in simple words?
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 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 meant by brain drain for Class 8?
Brain drain is the migration of skilled human resources for trade, education, etc . ... This translates into a loss of considerable resources when these people migrate, with the direct benefit accruing to the recipient states who have not forked out the cost of educating them.
What are the 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 .
Why brain drain is a problem?
The brain drain problem refers to the situation where a country loses its best workers . ... The brain drain means that developing countries can struggle to develop because their best-skilled labour leaves the economy. Thus it becomes hard to break the cycle of losing the best workers.
What are the negative effects of brain drain?
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 .
Why brain drain should be stopped?
This loss is due to migration of such people due to lack of opportunities, conflicts etc. Brain Drain can be stopped by recognizing “genuine” talent rather than donations etc. There should be more trade and exchange of goods. ... If they can get such provisions in their own country, Brain-Drain can definitely be stopped.
Which country has the most brain drain?
Iran : In 2006, the IMF ranked Iran the highest in brain drain among 90 countries (both developed and less developed), with over 180,000 people leaving each year due to a poor job market and oppressive social conditions.
What is the advantage and disadvantage of brain drain?
Moreover, the money migrants sent back are spent more in investments such as education, health and housing, rather than on food and other goods. Disadvantages Due to the influence of brain drain, the investment in higher education is lost as the highly educated person leaves India and becomes an asset to other country .
Is brain drain a problem in India?
India. India is one of the first countries where the phenomenon of reverse brain drain occurred . ... Tens of thousands of migrants who had initially come to the U.S. for graduate engineering education, accepted jobs in Silicon Valley rather than return to their home countries, where professional opportunities were limited.
How does brain drain benefit the home country?
The brain drain can benefit a home country if it increases the proportion of college graduates in the population remaining . There are two conditions for such a benefit to obtain. ... Countries with low human capital and low emigration rates are likely to experience a net gain.
Why is it called brain drain?
The term “brain drain” was coined by the Royal Society to describe the emigration of “scientists and technologists” to North America from post-war Europe . Another source indicates that this term was first used in the United Kingdom to describe the influx of Indian scientists and engineers.
How brain drain can be stopped?
There are some basic initiatives that can tackle brain-drain which are: Rural Development − Villages form the soul of proper and effective development in India. ... The salaries are one of the most important economic factors that lead to brain-drain as the employee finds the payment attractive in the other countries.
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.
