Brain Drain
Brain drain or human capital flight is a large emigration of individuals with technical skills or knowledge, normally due to conflict, lack of opportunity, political instability, or health risks. A brain drain is usually regarded as an economic cost, since emigrants usually take with them the fraction of value of their training sponsored by the government. It is a parallel of capital flight which refers to the same movement of financial capital. The term was coined by the Royal Society to describe the emigration of "scientists and technologists" to North America from post-war Europe.[1] The converse phenomenon is brain gain, which occurs when there is a large-scale immigration of technically qualified persons. Brain drain can be stopped by providing individuals who have expertise with career opportunities and giving them opportunities to prove their capabilities.[citation needed]
Brain drains are common amongst developing nations, such as the former colonies of Africa[2], the island nations of the Caribbean[3], and particularly in communist economies such as former East Germany and the Soviet Union, where marketable skills were not financially rewarded.
• The story of human migrations is as old and interesting as the story of man. Even in the pre-historic days our ancestors moved from one place to another in search of “fresh woods and pastures new”. In the 20th century, the pace of human migrations has enormously increased as a result of modern means of transportation and communication, and large number of people, both skilled and unskilled, traveled and un traveled, are eager to migrate from under-developed countries to the developed ones in search of new avenues for employment and also to enjoy new-found pleasures of the “promised lands”, making this phenomenon assume alarming proportions, threatening to shake the very genetic foundations of the third world countries. In 1907 alone, 1.3 million people migrated to the US and every year this is repeated and most...
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