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Saturday, August 07, 2010

Phenomenon Called Brain Drain is Nonsense

Every now and then, there comes a time when we find something really worth sharing. Today, it's a blog post by Investment Analyst Benson Te on his take about the phenomenon called Brain Drain. The title of his blog post "The Brain Drain Nonsense" strikes deep to the heart of the issue. Directly quoted:

"Unless Filipinos are daft, which I don’t think we are, except in the eyes of politicians and media, I trust that the law of economics would prompt “brain drain” to result to a net positive benefit for the Philippine society, because it is a purposeful choice made by millions of individuals (our countrymen) in response to the current environment.
If we truly want to reverse “brain drain”, then we need to build capital.
And how do we that?
By sloughing off protectionism, cronyism, paternalism and embracing competition, free trade and economic freedom."
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