The New Economics of the Brain Drain
For nearly four decades now, the conventional wisdom has been that the migration of human capital (skilled workers) from a developing country to a developed country is detrimental to the developing country. However, this perception need not hold. A well-designed migration policy can result in a â€œbrain gainâ€ to the developing country rather than in just a â€œbrain drainâ€ from it, as well as in a welfare increase for all of its workersâ€”migrants and non-migrants alikeâ€”as the new research reported here suggests.
Volume (Year): 6 (2005)
Issue (Month): 2 (April)
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