Munich Personal RePEc Archive

The new economics of the brain drain

Stark, Oded (2005): The new economics of the brain drain. Published in: World Economics , Vol. 6, No. 2 (2005): pp. 137-140.

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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 new research suggests.

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