The New Economics of the Brain Drain

Oded Stark

World Economics, 2005, vol. 6, issue 2, 137-140

Abstract: 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 the new research reported here suggests.

Date: 2005
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