Brain gain refers to phenomenon of highly educated and skilled individuals returing to their homelands,leaving behind a lucrative life in a foreign country. Give two reasons.
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an increase in the number of highly trained, foreign-born professionals entering a country to live and work where greater opportunities are offered.
The “Brain Drain” is the preponderance of the migration of highly skilled and educated persons from poor, developing and less industrialized countries to richer, more developed ones.
From one side, the migration of educated people from low-middle income countries to OECD countries constitute a net loss of human qualified resources for the origin countries and a gain for the host country. A phenomenon known as 'brain drain'.
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Human capital flight refers to the emigration or immigration of individuals who have received advanced training at home. The net benefits of human capital flight for the receiving country are sometimes referred to as a "brain gain" whereas the net costs for the sending country are sometimes referred to as a "brain drain".In occupations that experience a surplus of graduates, immigration of foreign-trained professionals can aggravate the underemployment of domestic graduates,whereas emigration from an area with a surplus of graduates leads to better opportunities for the ones left. The other way around, with occupations or areas with a lack of graduates, emigration will lead to more difficulties concerning the area.Research shows that there are significant economic benefits of human capital flight both for the migrants themselves and the receiving country. There are a series of positive and negative effects in the economy of countries of origin, with many developing countries devising strategies to avoid emigration of skilled labour.It has been found that emigration of skilled individuals to the developed world contributes to greater education and innovation in the developing world. Research also suggests that emigration, remittances and return migration can have a positive impact on democratization and the quality of political institutions in the country of origin.
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