The concept of Brain circulation is very much familiar to Brain Gain but the alternative to the term of brain drain, where a young mi...
The concept of Brain circulation is very much familiar
to Brain Gain but the alternative to the term of brain drain, where a young
mind goes to foreign countries to get specialized training and lay down career
paths for themselves and return back to the homeland country of the person with
acquiring amassed knowledge and skills to secure advantageous opportunities. Brain
circulation is a kind of circular motion related to the skilled professionals
among and across international borders.
Brain circulation is a result of the economic globalization. These young and skilled minds establish new business relationships and new start-ups in their home country and contribute to the economic growth of the country. Through the process of brain circulation a large number of developing countries have experienced the high economic growth by accelerating the GDP rates of the origin country. An example can be considered in Indian context is that the bunch of IT returnees have come up with new start ups in their home towns or in IT capital of India, that is Bangalore, to boost up the IT industry by maintaining friendly ties with Silicon Valley, USA.
The governments of the developing countries are generating new policies and strategies to retain and lure the bright technical talents of the country with appealing benefits on remunerations and education packages. Brain circulation is viewed as brain drain for the developed countries whereas brain gain to the developing countries of the world. To this context the Indian Ambassador Meera Shankar pointed out that “no one is completely cut off. There is a two-way flow of ideas, knowledge, and investments, and all that helps to circulate rather than act as a brain drain.”
Brain circulation is a result of the economic globalization. These young and skilled minds establish new business relationships and new start-ups in their home country and contribute to the economic growth of the country. Through the process of brain circulation a large number of developing countries have experienced the high economic growth by accelerating the GDP rates of the origin country. An example can be considered in Indian context is that the bunch of IT returnees have come up with new start ups in their home towns or in IT capital of India, that is Bangalore, to boost up the IT industry by maintaining friendly ties with Silicon Valley, USA.
The governments of the developing countries are generating new policies and strategies to retain and lure the bright technical talents of the country with appealing benefits on remunerations and education packages. Brain circulation is viewed as brain drain for the developed countries whereas brain gain to the developing countries of the world. To this context the Indian Ambassador Meera Shankar pointed out that “no one is completely cut off. There is a two-way flow of ideas, knowledge, and investments, and all that helps to circulate rather than act as a brain drain.”
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Visit some other related topics – Diaspora, Brain Gain, Brain Drain in Indian Context, Brain Drain, Brain
Exchange, Brain Waste, Brain Gain in Indian Context, Indian
Diaspora, New
Indian Diaspora, Old
Indian Diaspora
Reference:
- Business.rediff.com. (2017). India Business News, Stock Market, Personal Finance, Economy - Rediff.com. Available from: http://business.rediff.com [Accessed on 3 Mar. 2017].
- Igi-global.com. (2017). IGI Global: International Publisher of Progressive Academic Research Books and Journals. Available from: http://www.igi-global.com [Accessed on 3 Mar. 2017].
- Milio, S., Lattanzi, R., Casadio, F., Crosta, N., Raviglione, M., Ricci, P. and Scano, F., (2012). BRAIN DRAIN, BRAIN EXCHANGE AND BRAIN CIRCULATION. THE CASE OF ITALY VIEWED FROM A GLOBAL PERSPECTIVE. National interest.
- Unesdoc.unesco.org. (2017). Available from: http://unesdoc.unesco.org [Accessed on 3 Mar. 2017].
- Varma, R. and Kapur, D., 2013. Comparative analysis of brain drain, brain circulation and brain retain: A case study of Indian institutes of technology. Journal of Comparative Policy Analysis: Research and Practice, 15(4), pp.315-330.
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Related Questions:
What is Brain Circulation?
Define Brain Circulation.
What does Brain Circulation
means?
How is Brain Circulation
related to Brain Drain and Brain Gain.
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