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Friday, August 21, 2009
You have no doubt heard the term 'brain-drain' used to describe the flight of skilled and educated workers from developing countries. According to an FT article on Nigerian migrant flows, and nicely building off my 'Call of Home' and 'Go East Young Man' posts of late, many emerging market economies are now experiencing a 'brain-gain.'
Further, the FT has a whole online series analyzing the reconfiguration of migrant flows amidst the crisis, called 'Trading places: Migration in the crisis.' Check it out (or subscribe, i guess).
Finally, I've alluded to the fact that one of my pet-interests right now is the way in which the crisis is reorganizing economies of all scale. Migration is one such focal point that carries huge implications, from remittances to cuisine to development models.
Labels: economic development, Nigeria