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Brain drain is the phenomena whereby nations lose skilled labor because there are better paid jobs elsewhere. In recent years, this has affected poorer countries more so, as some rich countries tempt workers away, and workers look to escape bleak situations in their poor home countries. This web page has the following sub-sections:
Effects of Brain Drain on the Home Country. When brain drain is prevalent in a developing country, there may be some negative repercussions that can affect the economy. Brain drain is usually described as a problem that needs to be solved. However, there are benefits that can be derived from the phenomena. When people move from LDC countries to developed countries, they learn new skills and expertise, which they can utilize to the advantage of the home economy once they return.