logo
episode-header-image
May 2024
15m 11s

The Tragic Reality of Brain Drain on Poo...

Economics Explained
About this episode

The phenomenon of brain drain is when the best and brightest workers from poor countries immigrate to rich countries in the pursuit of higher pay and living conditions. This can hinder the development of poor countries because many of their best workers leave.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Up next
Aug 11
Why do We Still Need to Work?
A century ago, economist John Maynard Keynes confidently predicted that by 2030, we would only be working 15 hours a week. Yet, here we are—working harder than ever! While technology has dramatically boosted productivity, our work hours remain largely unchanged, and the prevalenc ... Show More
15m 56s
Aug 5
Do We Still Need Central Banks?
Almost every nation relies on a central bank, but the US is buzzing with talk of scrapping the Fed—the globe’s mightiest financial force! From its 1694 origins to battling today’s debt and inequality crises, we break down why central banks are crucial and what chaos could unfold ... Show More
18m 39s
Jul 21
Iran's Economic Dilemma
Iran boasts vast oil reserves, a strategic trading position, and a skilled workforce; however, sanctions and internal issues hinder its progress. From black-market oil to power outages, discover why this energy giant struggles to thrive. Can it break free from its economic troubl ... Show More
16 m
Recommended Episodes
Jul 2021
150 - Rich Man/Poor Man with Stephanie Kelton & Marla Dukharan
Up here, in what used to be called the "1st World", the pandemic has focused economists' minds on what can be done to change our thinking after Covid has passed. M.M.T. sets out new economic opportunities available, for example, to the the US. But not all countries have the luxur ... Show More
50m 38s
Aug 2024
The case for good jobs — and why they're good for business too | Zeynep Ton
Many of the jobs that keep the world running — like cleaning bathrooms, picking up trash, caring for the elderly — pay so poorly that workers can barely make ends meet. Nonprofit leader Zeynep Ton is intent on changing that, showing why everyone wins when companies pay their peop ... Show More
15m 9s
Mar 2023
77. They Make Minimum Wage. They Could Save Your Life.
Doctors and nurses get most of the attention — but a new study suggests we can improve health care by raising wages for a group of workers who are often overlooked. 
18m 32s
Dec 2024
Pourquoi les pays riches en pétrole finissent souvent pauvres ?
Pourquoi les pays riches en pétrole finissent-ils souvent dans la pauvreté ?C’est le paradoxe de la malédiction des ressources : quand la richesse naturelle devient un poison économique. Aujourd’hui, on décrypte ce concept fascinant avec les exemples du Venezuela, de la Russie de ... Show More
9m 12s
Dec 2024
2023, record d'immigration légale vers les pays riches
En 2023, l’immigration légale vers les pays riches a atteint des niveaux record. En tout, environ 6,5 millions de personnes ont émigré légalement vers les 38 pays membres de l'OCDE, soit une hausse de près de 10 % par rapport à l’année précédente. Ce phénomène montre à quel point ... Show More
1m 42s
May 2024
Harry Pettit, "The Labor of Hope:: Meritocracy and Precarity in Egypt" (Stanford UP, 2023)
Capitalism is not only an economic system but also a system of production and allocation of hope. In Egypt, a generation of young men desire fulfilling employment, meaningful relationships, and secure family life, yet find few paths to achieve this. In The Labor of Hope:: Meritoc ... Show More
56m 20s
Aug 1
Episode 10 (Researchers edition). Beyond Borders: Rethinking Migration for Global Development
In this episode, we explore key insights from the World Bank World Development Report 2023: Migrants, Refugees, and Societies. With over 184 million people living outside their country of nationality—nearly half in low- and middle-income countries—the report highlights how migrat ... Show More
15m 1s
Apr 2024
Fumilayo Showers, "Migrants Who Care: West Africans Working and Building Lives in U.S. Health Care" (Rutgers UP, 2023)
As the U.S. population ages and as health care needs become more complex, demand for paid care workers in home and institutional settings has increased. This book draws attention to the reserve of immigrant labour that is called on to meet this need. Migrants Who Care: West Afric ... Show More
1h 2m
Sep 2023
Allan Punzalan Isaac, "Filipino Time: Affective Worlds and Contracted Labor" (Fordham UP, 2021)
From spectacular deaths in a drag musical to competing futures in a call center, Filipino Time: Affective Worlds and Contracted Labor (Fordham UP, 2021) examines how contracted service labor performed by Filipinos in the Philippines, Europe, the Middle East, and the United States ... Show More
52m 57s
Sep 2023
Kathryn J. Edin et al., "The Injustice of Place: Uncovering the Legacy of Poverty in America" (Mariner Books, 2023)
A sweeping and surprising new understanding of extreme poverty in America from the authors of the acclaimed $2.00 a Day: Living on Almost Nothing in America. Three of the nation’s top scholars – known for tackling key mysteries about poverty in America – turn their attention from ... Show More
33m 58s