- Definition, Causes, Effects & Examples This lesson will discuss an economic slang term, brain drain. It will give a definition and explanation of the term, possible causes, and effects.
Causes And Effects Of Brain Drain In Economics. 2860 word (11 pages) essay in Economics. ... Economic instability leads to increased rate of unemployment and inflation. ... Positive Effects. The brain drain may cause numerous positive effects for source countries. It is well documented that remittances of employees’ played a significant ...
Economic Effects of a Larger Brain Drain While the immigration of undocumented workers continues to be both politically and demographically important, countries do have a great deal of control over the number and type of immigrants they admit.
Effect of brain drain on developing countries. The intellectuals of any country are some of the most expensive resources because of their training in terms of material cost and time. And this might have a negative effect on a country if the skilled human resources should migrate to another country in search of greener pasture.
Brain drain is also occurring in other fields, but brain drain can happen in different ways, which will affect the economy far worse than the normal brain drain we notice every day. The brain drain i will talk about now is the brain drain of youths studying courses or choosing professions based on what is popular.
The overall topic investigated is the impact of brain drain on Haiti by investigating the contributors of brain drain, its impact on political, economic, and educational development, and the value of political events in inciting brain drain, through a historical perspective.
Brain Drain Is Not Always Negative. While it is easy to identify the ways in which brain drain can hurt economic development, the reasons that it may not be so bad, or may in fact be positive, are not so obvious.
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. Because of this ‘brain drain’ the developing countries lose in many ways:
Brain drain has long been a common concern for migrant-sending countries, particularly for small countries where high-skilled emigration rates are highest. However, while economic theory suggests a number of possible benefits, in addition to costs, from skilled emigration, the evidence base on many of these is very limited.
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.