"Econ 102" with Noah Smith and Erik Torenberg cover image

International Development, The Reserve Currency, and Xi Jinping’s Legacy

"Econ 102" with Noah Smith and Erik Torenberg

NOTE

From Brain Drain to Brain Gain

Brain drain occurs in specific countries while others benefit through brain gain. Brain gain happens when individuals from poorer nations observe the opportunities abroad and pursue education to improve their prospects. This drive leads to a significant influx of skilled workers to developed countries. A prime example is the Philippines, where many individuals migrate for careers in healthcare, resulting in a concentration of Filipino professionals in the healthcare industry in the U.S.

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