BRAIN DRAIN/GAIN

Brain Drain or “Human Capital Flight” refers to the large-scale migration of educated, skilled, capable and talented people from less economically developed and countries with fewer opportunities to developed countries with higher and better standards of living. Brain drain occurs due to conflicting issues, political instability, and push and pulls factors between countries, lack of high paying jobs etc. Brain drain can occur due to factors like Geographical, Organisational and Industrial. Geographical brain drain occurs when capable skilled professionals flee one country or region within a country from their area of residence. Organisational brain drain involves the mass expulsion of highly qualified employees from a company or corporations because they sense a lack of opportunity and instability. Industrial brain drain occurs when skilled employees move from one sector of an industry to another. When a skilled, capable and educated individual moves to another country for better opportunity, the receiving country are referred to as “Brain Gain” whereas the net costs for the sending country are referred to as “Brain Drain”.
https://amzn.to/2S73OPS

Most of the developed countries these days act like organisations. When there is a lack of skilled, talented workers or they fail to find it in their own country; they attract highly skilled people from other countries. A good global exposure, high quality of living generally makes them reluctant to return to their own country. Brain drain results in loss of valuable professionals. Loss of each emigrant diminishes the supply of that professional and this harms the country’s economy. Investment in higher education is lost as the highly educated people leave their host country and becomes an asset to another country. There are advantages to a brain drain as well. The money the emigrants send back has helped in alleviating poverty. In a developing country like ours, brain drain is a serious challenge to our economy. Reducing of brain drain is needed. It can be achieved through the improvement of college and universities so that students need not have to go overseas for higher education. Corruption must be eradicated and the government should come up with programs that would encourage our youth. Good paying jobs should be increased in number. These actions would help in reducing brain drain and result in a better economy of the country.