The Utility of The Brain Drain
The assumption is ‘skilled workers migrating are likely to increase remittances to the home country’, however this is not always the case. A critic of Faini’s view of skilled migrants remitting more is Graeme Hugo, who recognises the fact that “highly skilled workers are often able to bring immediate family with them so they are not obliged to send money back” making the brain drain highly problematic for society especially when countries invest up to ‘$50,000 on highly skilled individuals’.
In assessing the usefulness of the brain drain it is important to understand that for some of the world’s developing countries “the gains from migration accrue neither from migrant remittances nor do they return home with amplified skills acquired abroad”. They are instead from the increase in promotion of education of highly skilled labour in developing countries as well as investment in infrastructure. Nonetheless the existence of vast “remittance economy worldwide worth $510 billion in 2007” to a degree question whether Stark's claim are entirely accurate as this process is seemingly occurring at an alarming rate generating uneven levels of development globally.
Read more about this topic: Brain Drain, Preventative Measures
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