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Thursday, 17 January 2013

Brain Drain: A negative consequence of Globalization

Brain Drain (or the Human Capital Flight in a more formal language) is one of the major negative consequences of Globalization. It can be defined as “the large-scale emigration of a large group of individuals with technical skills or knowledge” (Wikipedia, 2013). Due to the development in information and communication technology across the world because of Globalization, the capable people of even the least developed countries become attracted towards the better opportunities and life standard of developed ones. And hence, if a suitable chance comes their way, they grab it with their both hands, leaving behind the miseries of their native countries, towards a more promising future.
It is problematic to both the source and the host countries. The developing countries which already have economic poverty also have to suffer from “intellectual” poverty. On the other hand, for some people in the host country, it might be the matter of serious financial trouble. Such countries have to face the problem of satisfying their real citizens as their job positions can become occupied by foreign nationals or naturalized immigrants. In this way, the people who could have helped their countries to build a better future and lead them become just normal people in another country due to their concern for personal future. Inevitably, many of those talented people might have studied with the government aid and scholarships. So, it also wastes the investment put in by the government hoping that they will do something good for their country (Wikipedia, 2013). The developing countries therefore lag further behind in their bid to improve themselves. They virtually lose even the potential to become a developed one in future, and Globalization plays an integral part in it.
          The main way to prevent Brain Drain is to bring political stability. To make the most of transitional political powers the unstable system leaves no place for genuine entrepreneurship, and the perpetual nepotism rules the public sector employment. If the market is not safe for investment, the availability of opportunities is very small and the government too is not consistent with its policies, it is no surprise that a learned person will try to discover alternatives. There are many cases where the university graduates have to toil harder than their student life in order to find a suitable job. Thus, it is absolutely reasonable for someone to leave his/her country if the situation is not favorable to nurture his/her professional instincts. Clearly, we can see that each and every aspect is related with the unstable political situation and the notorious practices associated with it. So, in order to put an end to Brain Drain, people must be assured of sound political situation in their countries.   
To sum it up, it is extremely necessary for the countries to create favorable environments for their youths so that they can foresee positive possibilities in their homelands. They must realize the fact that intellectual wealth is worth much more than financial wealth, and therefore, must be able to give their youths a vision to utilize that intellectual wealth to bring about financial wealth.
Reference:
Wikipedia (2013), Brain Drain, Accessed: January 10, 2013, Retrieved from: http://en.wikipedia.org/wiki/Brain_drain

 © Dixit Bhatta 2013

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