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How does brain drain affect the world economy?
Brain Drain refers to the mass departure of learned and talented people from a country, organization or industry. It causes a major problem for their place of origin as it suffers loss of talent that in turn impacts their economic condition. Many countries and organizations around the world are undergoing this grave issue due to various factors.
When does brain drain occur in a country?
Brain Drain in a country occurs when the country’s potent citizens who possess creativity and genius depart for other better countries abroad to get better working opportunities. This migration and departure of skilled individuals are known as Brain Drain.
What does brain drain mean in an essay?
Brain Drain Essay – 3 (400 words) Brain Drain is a broad term used to describe mass migration of highly talented and skilled individuals from one country to another. The term is also used to refer to the mass departure of skilled professionals from one industry or organization to another to seek better pay and other benefits.
Is the brain drain a good or bad thing?
Furthermore, this departure takes place in search of better-paying jobs. Also, these better-paying jobs will lead to a higher standard of living. Most noteworthy, geographical Brain Drain creates a negative impact on the home country’s economic development.
Last Update: Oct 2021
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