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Intellectual brain drain and economic growth in developing countries: A theoretical solution of strategic compensation

Abstract

Brain drain is a real problem for the developing countries like Pakistan. It not only impacts the
workforce, but its effect eventually translates to economic growth as well. The most severe form of brain
drain is intellectual as top tier skilled employees’ move out of the country. This study explores the issue of
intellectual brain drain in Pakistan moreover analyzes its severity to the economic growth. Finally, this
study provides with a novel solution for the issue of brain drain by utilizing the strategic compensation.
This is significant for the academia and industry as the recommendations provided can help tackle
intellectual brain drain. Brain drain is distinguished as the relocation of professionals looking for the
better way of life and personal satisfaction, more significant compensations, admittance to cutting edge
innovation and more steady political conditions in better places around the world. This movement of
professionals for better freedoms, both inside nations and across global boundaries, is of developing
concern overall as a result of its effect on in general frameworks in developing nations. For what reason
do professionals leave their nations and travel to another country? What are the results of such
relocations particularly on the instructive area? What approaches can be embraced to stem such
developments from developing nations to developed nations? This article seeks to raise questions, identify
key issues, and provide solutions which would enable immigrant professionals to share their knowledge,
skills and innovative capacities and thereby enhancing the economic development of their countries. The
discussions and findings concluded that compensation patterns need to be influential and persuasive so
that brain drain can be converted to brain gain. 

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Category:
Magazine publication
Type:
Magazine publication
Publication year:
2021
Bibliography: test
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