BRAIN DRAIN

 BRAIN DRAIN 

Brain drain is a term indicating a substantial migration of individual. Brain drain offen occurs between countries or cities where people find better opportunity. They may move for jobs or better living standard. Brain Drain can also refer to the movement of professionals between cooperation or industries for better pay or opportunity. Brain Drain causes industries, companies and countries to lose a core portion of professionals. There are two major drawbacks of Brain Drain: Expertise is lost with each emigrant, fall off the supply of that profession and The country's economy is harmed because each professional represents surplus spending units. 



Causes of Brain Drain:

Some of the main reasons why people choose to leave their home countries/regions include: Economic opportunities, including new and better jobs, higher standards of living, access to housing and health care. Political strife and instability. Persecution based on religion, gender, or sexuality.

While most brain drain is geographic, there is some brain drain that occurs as a result of situational factors. For instance, skilled workers may leave companies and industries when machines and technology replace human labor.

Measures to reduce Brain Drain:

While there isn't an easy fix for brain drain, there are some things that business and government leaders can do to reduce or minimize it. These include: Increasing investments into certain areas of the economy. Offering competitive wages. Paving the way for legal and social reform. Improving the quality of resources, such as housing and health care. Providing affordable housing solutions.

Effects of Brain Drain on developing nations:

Brain drain or the road out of human capital often has a big impact on developing nations. It often leaves a hole that is hard to fill since there may not be as many people with similar skills to fill that void. It also leads to a loss in tax revenue, which can lead to higher taxation to make up for the shortfall. Citizens may not be able to access quality resources, such as education and health care, which also affects their quality of life.


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