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 “brain gain” to the developing country rather than in just a “brain drain” from it, as well as in a welfare increase for all of its workers - migrants and non-migrants alike - as new research suggests.
|Date of creation:||2005|
|Date of revision:|
|Publication status:||Published in World Economics 2.6(2005): pp. 137-140|
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