Brain Exchange

By spelling the word Brain Exchange many of you would conclude that it is a term related to the exchange of noesis, and to my noes...

By spelling the word Brain Exchange many of you would conclude that it is a term related to the exchange of noesis, and to my noesis they are absolutely right. However, this paper will add some more contents to your ideas in a promptly glance.

The essence of the multifaceted concept of brain exchange is that the individuals who get transferred to the new destination for the purpose of work perform it as to receive the work commensurately in regards with their expertise and qualifications. The two ways process of flow of the highly skilled experts between the homeland countries and the destination countries by exploiting their knowledge is referred to as Brain Exchange. The process of exchanging of knowledge and the highly skilled professionals between the countries benefit the countries with their specialized expertise in both the countries of origin and destination and not just with their remittances.

For an instance, the overseas technicians of India play a very important role in the construction of ICT industries in the city of Bangalore in India is an live example of benefiting the country of origin from the destination country. This kind of net flow of talents favoring in one or the other direction creates the situation of brain drain or brain gain. The process of brain exchange is in some or the other form is related to the characteristics of all sorts of economics and is a part of more complex currents of financial capital, goods and information between the advanced economies of the world.

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Visit some other related topics –  Diaspora, Brain Gain, Brain Drain in Indian Context, Brain Drain, Brain Waste,  Brain Gain in Indian Context, Brain Circulation, Indian Diaspora, New Indian Diaspora, Old Indian Diaspora

Reference:

• 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].

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Related Questions:

What is Brain Exchange?

Define Brain Exchange.

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How is Brain Exchange related to Brain Drain and Brain Gain.

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