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Brain Drain.


A new study published by the World Bank reveals that Mexico ranks fourth out of 30 nations worldwide losing their intellectual talent to other countries: In 2000 alone, 923,000 professionals fled the country. England tops the list with 1.44 million international migrants in the same year, while Cuba, at 333,000, is the only other Latin American country in the top 20.

The report International Migration, Remittances
Remittance can also refer to the accounting concept of a monetary payment transferred by a customer to a business


Remittances are transfers of money by foreign workers to their home countries.
 and the Brain Drain brain drain
n.
The loss of skilled intellectual and technical labor through the movement of such labor to more favorable geographic, economic, or professional environments.
 proved that the global brain drain most heavily effects poor, small- and medium-sized countries. The educated middle class that could help such countries push out corrupt and inefficient governments flee flee  
v. fled , flee·ing, flees

v.intr.
1. To run away, as from trouble or danger: fled from the house into the night.

2.
 abroad, where more lucrative jobs await AWAIT, crim. law. Seems to signify what is now understood by lying in wait, or way-laying. . In 2000, 50 percent of such professionals head for the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Other frequent destination countries are Canada, Australia and France.
Waving Goodbye

(Professionals migrating in 2000, in thousands of people)

 1. England      1,441
 2. Philippines  1,126
 3. India        1,037
 4. Mexico         923
 5. Germany        848
 6. China          817
 7. Korea          653
 8. Canada         517
 9. Vietnam        506
10. Poland         449

Source: World Bank.
COPYRIGHT 2005 American Chamber of Commerce of Mexico A.C.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Human Capital
Publication:Business Mexico
Date:Nov 1, 2005
Words:176
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