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The Tragic Reality of Brain Drain on Poor Countries | Economics Explained

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🤝 Join CourseCareers today to start your new high paying tech career: coursecareerscom/economics *Use Discount Code: " EE50" to get $50 off the full course Comment from : Economics Explained

0:27 Wow Taiwan is the second richest major economy in Asia behind Japan No wonder some Taiwanese are mocking Singaporeans for being poor and lagging so far behind Japan, in terms of GDP per capita Hmmm Comment from : zzy341

Sorry what? Why haven't you mentioned unequal exchange when talking about why poor countries stay poor?! Brain drain is only a consequence of the hardship brought on these countries because of their over-exploitation Comment from : Ero-Usagi-Sama

Where does Singapore stand in terms of GDP per capita? Comment from : zzy341

0:01 This is Taiwan, a COUNTRY* Comment from : Rémi Poujoulat

Carve ? Workshop Comment from : HIEU LE NGO TRAN

Very real problem here in Malaysia, a significant portion of my cohort and even immediate family who attended better universities or who had more in demand skill sets end up in Singapore, Australia, the UK, New Zealand etcbrbrAdding on even a large of those who the government sends abroad on scholarships do not return nor pay back the scholarships, we’re literally funding the talent pool of richer countries Comment from : darryldeed

Low taxes also cause people to move Comment from : Shawn Salisbury

1:14 Glad to see Colombo 02 (Sri Lanka) 😊 Comment from : Yusuf T-Deen

It is not just brain drain The children of all Bulgarian millionaires are with US or western European citizenship and they are draining their capitals to the rich countries The so called capitalism is working only for the rich countries The capitalism is turning the poor countries into a ghettos Comment from : Pavlin Petkov

plx explain slowly speed is too high Comment from : Tawqeer Murad

The cost of living is very low compared to usa, it's not right to convert currency value & say they earn less in their country compared to usa Comment from : LabxIfealrbsl

Not sure why you haven’t included South Africa and even Zimbabwe as an example as these countries have been shedding its educated populace for decades! Comment from : Daniel Schauffer

Пять баллов Comment from : Madisyn Tillman

A great topic would be to talk about the idea that lowering taxes on the wealthy will actually help a country's economy because the rich are the people who build companies that create jobs and produce products that people love, By allowing the rich to keep more of thier money a country would be able to allocate resources more effectively which leads to a better living standard for the citizens of that country Comment from : Digital Evidence Expert

Because corruption and dépendance, for example Bulgaria is corrupted by traitors and we are in EU and NATO who stealing of us Comment from : Old Bulgaria Nationalism

Because they have a very good government and no corruption at all , many foreign businesses open a lot of investments in Taiwan because of the manpower Taiwan have Comment from : Junjun Corona

Economyeeeee Comment from : Gear Nobz

Pro tip for all the rich folks living in rich countries: Poor people living in poor countries doesn't care that they are poor as long as they still have a place to live, food to eat and can get to heaven after they died Comment from : lazyass

because rich country is selfish Comment from : 疯狂练英语

Why are Krgyzstan and Tajikistan marked a part of China in the map at 0:08 Comment from : iltsm

You live once so everyone has the right to make a better living, just bcz you are born in a certain country ( which wasnt yoir choice) doesnt mean you have to live and die there too Comment from : Ron

brain drain is also hapoening in russia & chinanot only brain drain but also wealth drainthey are all going to eu , australua, singapore, canada & usathe best vourse if action for rusdia & china is to migrate the whole countries to the westthe only way to save themselves Comment from : Manuel Agustin

Poor countries stay poor and Rich countries stay rich because of the capitalist system Freedom of ownership, free market economy, privatization, FDI and others policies are on the favour of rich only Comment from : Azim Samrat

Skill issue Comment from : Dexter Jettster

Muy agradecido del audio en español Comment from : albrrrt

Japan: 🗿🗿🗿 Comment from : Максим Куценко

Ukraine: hold my beer brNot only brain drain but also fertile population drain Decrease drom 50m to 25m in 2023 brGenerally what future does this country have? Their politicians also drain capital to western countries and will leave Ukraine after they are done stealing Comment from : Dima

I’m Brazilian, and I don’t believe Brazil was ever an advanced economy especially because of our over reliance on commodities Many other reasons make it so Brazil was never an advanced economy But I do have to admit our economy was very strong in the early 2010’s We have very intelligent and resourceful people take Jet Blue, Ambev and Eduardo Saverin so if given the chance with a stable and reliable government we could become a powerhouse Comment from : Gabriel Rouille

Because Western countries sucking their wealth from them and keeping them fighting with each other using DEMOCRACY Western countries are not democratic they look like it but they don't Comment from : Chuka Amur

The only solution for now::::)brbrIf youre poor in 3rd world country: work in 1st worldbrbrIf youre poor in 1st world country: becoming a digital nomad in 3rd world country (modern colonialism) Comment from : Izzuddin M Nasir

politic and corruption Comment from : Z

coz of their corrupt govt official s, look at African nations Comment from : GameWar

Corruption goes a very long way towards explaining why poor countries remain poor Development is not the priority of corrupt governments Politicians in such countries go into power to line their own pockets The Philippines would be a good example Comment from : AL Farrell

Pero dejar fuera a buenos estudiantes australianos para traer a extranjeros es ridículo Comment from : Ahora ya

Lo difícil es mantenerse entre los países más avanzados durante décadas Países como Argentina, Uruguay, Chile, Venezuela o Cuba llegaron a estar entre los más avanzados una época, y luego bajaron Comment from : Ahora ya

IMF is important Comment from : Anna Banana

Whydo you think western news suddenly dairy talking about china n taiwanmacau hongkong , taiwan belongto china Comment from : GPDC

this sounds politically incorrect , but you can't deny the facts all first world developed countries are government by light skin individuals the whiter the population the higher living standards are thesis just a fact Europe and Japan have the best living standards in the world however the happiest people in the world Nigeria is on the top ten above Japan and USA Comment from : DEMOS CRATOS

Bro it's culture Let's just be honest Comment from : DEMOS CRATOS

I am a civil engineer from Pakistan My brother is a mechanical engineer Both of us have decided to move to the Australia in a yearbrbrOver 1 million people mostly highly highly educated people people have left Pakistan in 2023 Comment from : Corvo Attano 47

You haven't understood debt and bank systems Comment from : Hawzhin

Can i ask that where’re Tajikistan and Kyrgyzstan go?😅 Comment from : Lutalier

Because of banking system,even Western countries are poor,they have massive debt by imf and world Bank 🏦 Comment from : Against the Wind

If you're going to weigh the country's wealth with gdp per capita, Singapore, not Japan, is the richest country in Asia brTaiwan briefly exaggerated its per capita GDP due to favorable exchange rate defense and semiconductor exports, but its actual wages are far behind that of Korea and Japan Comment from : zkhjig12

I never want to leave my country As in eastern and Asian cultures, you want to spend your life by helping and taking care of your elderly parents But because of shitty people who are hungry for power and those corrupted people, I have to leave Comment from : Sel Pyar

The chinese map is wrong isnt it? Comment from : MOD X - The Globe Explorer

In Iran, most students start university having already planned their immigration to a developed country Comment from : narges sh

Just like how capitalism work Comment from : IceKnight

brain drain is goodwhy should someone in a third world country feel depressed due to lack of opportunities while there's one abroad? Comment from : stephen Njuru

Brain drain is not the root cause of poverty because even those brains stay in their home countries, they couldn't do anythingbrThe root cause is multiculturalism making rich countries attract enormous amounts of brains for economy, enough to make them richer Comment from : Hùng / Henry Trương

The 9:20 mark of the video features the start of discussion about how a university degree in a developed country means proof of good language skills It depends on the language, and on the region within a country or territory that uses multiple languages in which such a degree holder chooses to reside It is after all within Canada one thing if a student visa holder chooses to study at an English-language post-secondary institution but quite another if he or she instead chooses to study at a French-language one Yes, two provinces (Quebec and New Brunswick) and all three territories (Yukon, NWT, and Nunavut) use French as an official language although in practice as of the 2016 census, Quebec was the only equivalent to an Australian state, most of whose residents had grown up speaking French as a mother tongue New Brunswick came second on percentage of residents with French as a mother tongue at just over 300 Ontario came second on the number of speakers, although that’s still represented under 5 of the local population Nunavut was the only equivalent to an Australian state to have featured under 1000 native speakers of French although Newfoundland had the lowest percentage of local residents with French as a mother tongue with just 06 Studying at a French-language post-secondary institution no doubt provides opportunities but speaking good English will Open up so many more doors That’s even with the threat of Quebec separating from Canada quite low particularly when compared to the 1990s when the separatist Parti Québécois last had a majority government Comment from : David W

There are naturally some exceptions to this For instance, Indonesia is also an industrialising economy and has a sizeable enough population but have not dealt with the issue of brain drain as much as other countries Comment from : Muhammad Athallah Arsyaf

Can someone say what is the accent of the speaker,please? it's hard for me as English is my second language Comment from : Blue Butterfly

Just wondering why Japan, Russia and UAE not displayed as rich in the thumbnail? Don't forget ehem China ehem Comment from : Induwara Dissanayake

Please make a video about the economic impact of violence and crime Comment from : _AtA_

Same goes for India most of the IITian are working in us for tech giants after doing their education for free from India Comment from : Jashanpreet Singh

Yeah, you plundered our resources to make us Global South folks poor Comment from : KaplingMagnum

Except for the uncontrolled migration from the developing world to the developed world (and the developed world's war on competency in its own education centers), it's all negatives Comment from : Stephen Clements

I can't speak for every developed country, but America has millions of unemployed, underemployed, overeducated young people who live on the cusp of homelessness Unless you're a doctor, America doesn't actually need you America needs to raise wages and uptrain its own people Comment from : telescopic S

1:26 That should be "fewer and fewer economies", not less EE videos are always like some college boy's best guess about stuff with fancy graphics and stock footage that makes it look more credible than it really is Comment from : telescopic S

Hablar a favor del trabajó infantil Comment from : Alan Cruz

why do you think that Australia performed much better than Brazil? Comment from : FY

never knew kyrgystan and tajikistan were chinese Comment from : gracjanw rocks dora sucks 2014 Enternaimet

I mean you look at gdp per capita, poverty rates Brain drain has not stopped poor countries from greatly improving their standards on living Comment from : Nagefa

Developed economies don’t want older workers Comment from : Margaret Campbell

Come to China 🇨🇳 We are an advanced economy ! Comment from : hh 06

Foda Comment from : fernando mito

I suggest we help these poor countries and so make the immugration laws tougher than ever! Comment from : Lars Sørensen

how china is not developed even japan they are top tier Comment from : krishna gupta

A very in-depth explanation of advantages for Developed/Advance Economies from Brain drain Develop countries can't do much as they r dependent on developed to pass the technology, innovation, and knowledge to them Developing countries should learn from isreal n south korea Comment from : Pramod Basu

0:08 Why has China annexed Kyrgyzstan and Tajikistan! Comment from : FactNFiction

youtube/BXYYH9kHa34 for more information Comment from : YoungMarcopolo

Nice video sir 👍 Comment from : naturemohannature

wow, Indian Engineer receives 10000$ per year!!! in Egypt, the average salary for an engineer is 2000$ per year! Imagine having an army of Egyptian Engineers with the salary of a single USA Engineer!!! Comment from : أحمد الدسوقي

When everyone hates educated people, they get what they deserve when they leave Comment from : Gabriel Teixeira

Funny to see Germany as a destination of this braindrain on the thumbnail As things are going, many young ppl here srsly don't wanna stay in Germany Comment from : Sir Uoro

A factor that's not considered here is the positive though longer-term impact on the "drained" country brI'm Irish living in Australia but I suggest that two brain-drain factors lifted the Irish economy over the past 90 years; the first is the soft power generated by the sons, daughters, grandsons and granddaughters of the brains who fled to the US in the 19th century For example, the Ford Motor Corporation established a major factory in Cork, the county from which Henry Ford's father emigrated While it shut down in the 1980's it was a precursor to the wave of US corporations set up in Ireland from the 1950's to the present that transformed and economy from subsistence to advanced brThe second factor is the return of those who participate in the brain drain The Estonians, Latvians, Poles (especially), Czech's and all other eastern Europeans who moved to the advanced EU countries on accession in 2005, and who subsequently moved back bringing capital, knowledge, networks, etc, transformed their economies as assuredly as did the EU funds that assisted developmentbrThe world's economies are far more integrated than ever for two fundamental reasons technology and travel Perhaps the latter is underappreciated as we find it hard to compare the experiences of those to moved for the reasons stated in the video before ubiquitous cheap travel was available brPerhaps a natural follow-on study to this video would be the impact of returning immigrants and the influence of diasporas The Indian phenomenon is rightly being held up as a factor in India's increasing global soft power at the moment Comment from : willHQ

It’s up to the highly intelligent people from poorer countries to figure out a way to stay in their own country and reverse the problem If they keep running off to the West or Japan, Taiwan or Singapore just to send their wages home the problems will continue Comment from : The Scarlet and Grey

Smart, talented people dont want to live in a sh**hole, what a shock Comment from : Chuck Chan

I got a degree from korean science university which is top tier and free Now i work in big tech in us sorry for Korean tax payersbrStill majority of my university mates are in Korea, mainly because of English barrier Top tier indian influx in us is crazy No doubt India low GDP Comment from : Seong

It’s economy same as poor people stay poor! It’s a world designed by rich people not by poor people 🎉 Comment from : Traveller 365

Brain drain happens when the government does not care enough to fix it Comment from : Phat Phan

Thumbnail: East asian countries suddenly all poor? Comment from : Gwangmu Lee

Happens in the US too, as many people in the finance and business industries will move to the bigger coastal cities where they can earn higher salaries brThis leaves the middle with a hollowed out workforce Comment from : Marcus Quintus

The only drain brain is you, I guess you did not have many story to tell here, so, you made all up, even a so story maybe, maybe have some kernel of truth Comment from : Entropy of Principles

Even losing unskilled labour can also be a problem Because not enough Australians and New Zealanders do low paying farm jobs A lot of that middle section is being drained out of the pacific A teacher in the pacific earns less than an australian farm worker Comment from : Ginger Kitty

Very poor content video, nothing new and a lot of generalizations 😅 anyway bye bye unshcsrcibred your videos are always so plain, like intended to redneck karen that discover the world 😂 Comment from : 仰望汽车 YANGWAN AUTO

Try making a country with paternalistic, vertical hierarchy mindset which are all countries in the world except Anglo-Saxon, Scandinavian countries adapt their work culture to favor merit based achievements Good luck 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂 Comment from : PlayfulMonkeyEagle

Atlas shrugged Comment from : PlayfulMonkeyEagle

In thumbnail 🗿 Finland is poor? Comment from : LTD Gamer

1 In Germany tuition is free both for citizens and foreigners Sure, there are some standards to be met to make sure that an international student provides for themselves, but that is it This way, universities have no incentive to keep underperforming studentsbrbr2 When I was making my math PhD in Germany in late 00s, there were a lot of students from Colombia Right now they all came back home, getting pretty decently paid professor positions Not sure if it helped, but the idea seem to at least have been tried Comment from : Nikolay Ivankov

Poor countries remain poor because the people are harassed and taken advantage by the ones in power Comment from : R T

Money favors the wealthybr- Camille Comment from : A meano acid

Y por ese mismo motivo los paises pobres siguen pobres 😢 brParece que tan inteligentes no salieron Comment from : ULTRA ARG

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