Word: drainings
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...lost. The income from all the people who die of treatable ailments or whose efficiency is reduced by poor healthcare is lost as well. Similarly, an engineer would have built a bridge that improved transport and would have had a multiplying effect in increasing efficiency in the economy. Brain drain is thus not about national prestige; it is a real hindrance to growth in the developing world. For all the hype about halving poverty in the developing world, little will be done without a competent, sizeable workforce...
...seem that developing nations are helpless in fighting the drain. Increasing monetary benefits for professionals to match the terms of developed economies is not an option for many affected countries. Increasing restrictions on emigration will not be effective either unless there is also a restriction on travel. Even if it were to work for a period, the global consensus is that a closed-off system will not help a country develop...
...slow brain drain is to raise national loyalty by increasing incentives, for example. the government could offer scholarships to foreign universities on the condition that students come back and work for a period. Another would be to set up avenues for expatriates to invest in their home country and participate in the running of their country, giving them a sense of ownership. Of course, encouraging good governance and stability are precursors to growth and retention of professionals, so all advances made in that direction will be profitable. Or, nations could follow the lead of Albania, which has instituted a policy...
...factor that aggravates brain drain is the pyramidal nature of education systems in most third-world countries. In Kenya for example, in any year, only about 15 biochemical engineers and 100 doctors graduate in the undergraduate system. This is in spite of having 800,000 students enroll in first grade annually. In this system, losing a biochemical engineer is a huge blow to the economy. Developing nations need to soften this effect by setting up vocational training institutes teaching modern skills such as computer programming, accounting, and hardware maintenance so as to harness this workforce. Nelson Mandela?...
...Brain drain is a challenge not adequately recognized by developed economies. It may not literally kill, but it is responsible for a significant amount of growth stagnation and suffering for poor nations. It is time that this topic moved from boardrooms into actual research and that existing research was converted into policy. Without this, the millennium development goals shall remain a pipe dream, yet another promise made to the next generation that is broken...