United Nation University’s World Institute for Development Economics Research (UNU-WIDER) in its report released on Tuesday revealed that the migrant can act as engine of growth in their source countries. Since long the brain drain was considered detrimental for the developing countries.
Andrés Solimano, Director of the study said, “The idea that the mobility of bright, qualified people represents a permanent loss of scarce human capital for the source country is becoming rapidly outdated.”
“Talent mobility can bring benefits both to host and source countries,” he added.
The above study holds true in case of high-tech and other fields, but not in health sector, particularly comprising migrating health professional from Africa, Asia and Caribbean countries.
It stated that due to income disparity among various countries ‘south-north migration’ of talent still prevails but said that emigration lifts the return on investment in human capital.
The study Mobilizing Talent for Global Developments also cited some positive example in which several successful Indians and Taiwanese in the high-tech industry in the United States who also set up hardware and software companies in their home countries, contributing to growth.
There too were some other examples including a successful mobile telephone company founded by a Bolivian entrepreneur in the US which has already opened several plants in Latin American capitals.
“So you see a pattern of circulation, part of the investments is done in the first world, part of the investments is done in the third world.”
Solimono elaborated, “So this notion of one-way mobility, that people leave their country, take whatever abroad and are completely lost for the whole country should be reassessed. It’s more realistic to think there’s a movement of people in both directions.”
However, the study produced by UNU-WIDER marked that in health sector emigration inflict damage to source countries.
The study emphasised that the medical professional who leave Asia or Africa make their country more miserable especially in Africa where HIV/AIDS, malaria and various other disease weaken the economic development.
The studies also suggested that the countries who are depreciating on talent pool must set up liberal and open regime to create conducive environment for business which in turn will upgrade the society and economy.
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