Causes And Effects Of Brain Drain In Economics

Causes And Effects Of Brain Drain In Economics Introduction: According to a definition, ‘Brain Drain’, academically also known as the â€Å"human capital flight† is the large scale migration of highly educated, skilled and talented people of less economically advanced countries to highly rich and developed countries of the world due to conflicted issues, political instability and lack of opportunities in the developing countries. Globally, relocation of intellectuals is as old as mankind. This terminology of Brain Drain originated in 1960, when most of the intellectuals like scientists and engineers who were the real assets or the future of any country, emigrated from United Kingdom to America. The unsolved issue of Brain Drain is happening all over the world for the sake of better working conditions including, the island nations of the Caribbean, the anterior colonies of Africa and mostly in federal economies like the Soviet Union previous Eastern Germany, where aptitudes were not monetarily salaried. This p henomena was not as severe till 1960’s but with the huge capacity lopsidedly migrate to West Germany and North America from less developed regions. Substantial exoduses of skilled people were apparent at altered epochs of the economic growth of the countries of Europe and North America. However, with the progress in science and technological fields, only the intellectuals and highly qualified brains was of extraordinary mandate in highly developed countries. With the deficit in the core stream, the developed countries had to be dependent on the LDC’s. Professionals migrated from developing countries to three Developing countries (USA, Canada and United Kingdom) in 1960’s and by 1970’s, the figure had mounted. If one were to investigate statistics of all Developed Countries, the records would be alarming. This drift has continued in Africa and loss of huge qualified manpower is happen immigrations to Europe and North America annually. The questions that is arise in the social, political, economic, academic and probably in every sector of developing world. According to question the phenomena happened there are countless questions, but I want to explain the main attractions towards the developed world and why do talented and outstanding brains leave their countries? What are the costs of such migrations paid by developing countries? What policies can be implemented to stem such movements from LDCs to DCs? The goal of this paper is to highlight the unsolved, conflicted issue of Brain Drain and the Scientific Diaspora and the cause and effect relationship in the global knowledge based societies and also to address the cancerous disease directing the developing countries to failure. I will highlight some major questions, giving some suggestions which help to make policies to fade the disparities and the exploitation of skilled and semi-skilled labour in the developed world who themselves benefited to create the legislative crime of Brain drain and to hijack the rights of Cos in the shape of Scientific diaspora communities. How and when Brain Drain happens and intensifies Since the beginning of 1960s, the phenomena of brain drain became a highlighted and critical issue. With the neo-liberal economy and the tsunami wave of globalization has given a golden chance to the opportunists and played a vital role towards better and quality life including all accessories in every sphere of life. Globalization has opened a window for the human capital to agglomerate and mobilize where the brain extract and yet best recognized and rewarded in the highly economically strong and advanced countries.