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

Well, is it even a problem that people have a chance to escape those shitholes they were born in?

Yeah my family paid 200k usd for me to go to school here lol

Why isn’t Austria colored

It is decadent to bring workers into the country who were not assimilated by the Germans, more population means more traffic, a more developed health system is necessary and more schools. From less intelligent people both genetically and externally, that's ridiculous.

"So one of the laws of capitalist motion and development is this inexorable expansion, and that means expansion into and expropriation of the third world. A process that's being going on for about 400 years. Perpetrated by the Portuguese, the Spaniards, the Dutch, the Belgians, the French, the English, and most recently, most successfully, most impressively by the Americans. [The perpetrators are] the ruling classes of these countries, not by the ordinary people. The ordinary people simply paid the costs of empire. The ordinary people simply sent their sons off to die on the plains of India and the jungles of the Congo or in Latin America wherever else. That expropriation of the third world has been going on for 400 years brings us to another revelation; namely that the the third world is not poor. You don't go to poor countries to make money. There are very few poor countries in this world. Most countries are rich! The Philippines are rich, Brazil is rich, Mexico is rich, Chile is rich only the people are poor. But there's billions to be made there to be carved out and be taken. There's been billions for 400 years, capitalist European and North American powers have carved out at taken the timber, the flax, the hemp, the cocoa, the rum, the copper, the iron, the rubber, the bauxite, the slaves, and the cheap labor, they have taken out of these countries.

These countries are not "underdeveloped" they're over exploited." - Michael Parenti

india is losing $80 billion a year due to brain drain....

Thumbnail is racist asf

Its really Weird why usa is count as advanced economy despite being the most unequel country with high gun violance drug abuse and everything else also usa is not even an democracy its a two party dictatorship

Why did the thumbnail class japan and Korea as poor

the thumbnail is soooo misleading??? like why is japan korea china taiwan not colored? like at least??? color japan?

Taiwan is not the 2nd richest nation in Asia.. its GDP per capita ranking around 7th in Asia man... misleading video

it's imperialism

Your subject is very interesting but your English is faster as compared to American as well as the subtitle is flashing faster and goes unread,please redress it and adopt special English.

Taiwan is NOT second ricest There are Qatar and Singapore, which are also in Asia and have higher gdp per capita.

😂😂to hum kiya kare😂

That is called neo-colonialism. That's the reason. The cancer tumor of the planet - the Western World.

disappointed Finland is gray and not yellow on the thumbnail 😂

As a Taiwanese, you must face other people's doubts about its disputed sovereignty and the so-called “country” you talk about. I believe this is something most people can't understand. In my eyes, Taiwan’s technological and economic strength is stronger than many countries. But we can’t confidently call our country a country. 😢

Now HK is having brain drain!!!!
Thanks to Communist China, tons of people with a university degree and professional experience are moving to Canada, UK, Australia, New Zealand.

As a student in Azerbaijan, government doesn't pay attention to students. All Universities are in capital city so everyone should stay in rental houses. And rent prices go higher every year. Student scholarships are very low, just 50$ but rent prices and cost of living requires minimum 500$ a month. So students have to work at the same time and this makes them to avoid from education and when they graduate they work as taxi driver or seller at the market. Some students have richer parents so they won't work and get higher scores. When they graduate 90% of them go to another country to work. They almost hate their country. I even didn't talked about you need to go expensive courses to learn and begin to work, because universities don't give you any education to work.

The richest per capita countries either have oil or high IQs that’s why north east asia followed European descended countries in becoming rich.

I kept seeing small clips of Metro Manila in the video. Very ironically my husband and I just moved continents for his education pathway 😅

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.

Where does Singapore stand in terms of GDP per capita?

Carve ? Workshop

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 etc

Adding 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

Low taxes also cause people to move

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.

plx explain slowly speed is too high

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

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!

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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.

Because corruption and dépendance, for example Bulgaria is corrupted by traitors and we are in EU and NATO who stealing of us.

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

Economyeeeee

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.

because rich country is selfish

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

brain drain is also hapoening in russia & china....not only brain drain but also wealth drain..they are all going to eu , australua, singapore, canada & usa....the best vourse if action for rusdia & china is to migrate the whole countries to the west....the only way to save themselves..

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.

Skill issue