In this episode, Diego and Jean-luc discuss the concept of brain drain, the phenomenon of skilled workers leaving their home country for better opportunities elsewhere. They explore the economic and social factors that contribute to brain drain, including the ability to move freely across borders and the opportunities for higher earning potential. They also examine the impact of brain drain on both the home country and the receiving country, and the potential for brain gain when skilled workers return home.
Key Takeaways:
* Brain drain is a real phenomenon that affects both developing and developed countries.
* Skilled workers often leave their home countries for better economic opportunities and career advancement.
* Brain drain can have both positive and negative effects on the home country, including a loss of skilled workers and a potential for brain gain when they return.
* The ability to move freely across borders is often skewed in favor of advanced economies, which can contribute to brain drain.
* Policies that promote a stable and predictable economy can help to attract and retain skilled workers in a home country, while policies that stimulate the production of specialized worker skills can help to close the specialization gap between the center and periphery.
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