The Slow Drain On America From Cyber
The Slow Drain On America From Cyber > https://shoxet.com/2tkUIi
Stimulated by globalisation and contemplation of a better standard of living increasing numbers of people are fleeing from developing or emerging economies to the western world and opting to work on foreign shores. Therefore, a majority of young graduate professionals such as management, economic analysts and IT professionals and researchers are attracting by new opportunities generated due to the new economic policies which spurred demand of professionals in the developed economies from Brazil, China, India and Russia. Subsequently, problem of mobility of professionals from India and Russia has become more alarming than other BRIC countries. A serious mobility of professional dates back from the early 1990s when more than 80,000 talented professionals left the country in search of better earnings, funding and facilities in Europe (Adams, King, 2010). Presently, India sends maximum number of science and engineering (S&E) graduate to US and western countries. Russia is also facing the similar problems of brain drain since collapse of the Soviet Union. Apparently both the countries have been facing comparable issues of mobility of highly skilled workers and professionals. Therefore, the problem is topical which needs to be addressed appropriately. The analysis is more important in the context of India and Russia as
Globalisation influenced all sectors of economy not only in developed but also in developing countries. The new economic policies encourage competition in trade and communication resulting development of infrastructure in manufacturing, service, agriculture and education sector. The studies on globalization explain the unprecedented expansion of transnational corporations (Dicken, 1992, Kamel Rachael, 1990) which stimulated the flow of professional across national borders. Consequently, many countries worldwide expanded their higher education systems as well as access to higher education in their country. Expansion in infrastructure and access of higher education improve the quality of education in developing countries. As a result the flows of students worldwide increased, particularly from developing countries to developed countries, and from Europe and Asia to the United States. Therefore, new economic policies have changed the demand pattern for foreign labour in most of the industrialized countries which caused brain-drain in the country of origin. The process of migration is discussed widely (Marmolejo, 2010) which will continue as international mobility of students is expected to rise in future (Kumar, 2008). It was estimated that more than 200 million people live in a country other than the one in which they were born so the share of highly skilled students was increasing. The number of foreign higher education students doubled during 2000-2007 and the number of people on international assignments increased by 25 % in the last decade which may further rise 50 % by 2020. The growing importance of emerging market of highly skilled workers will change mobility patterns as developing countries are producing more specialised talent PriceWaterHouce-Coopers (PwC) (Talent, 2010) and the E7 countries (China, India, Brazil, Russia, Mexico, Indonesia and Turkey) will overtake the G7 in terms of GDP by 2020, that comprises an large pool of talent. Obviously, the global demand for highly skilled workers will be met from developing countries. This fact triggers an exodus of human capital and high-skill personnel from developing countries. 59ce067264
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