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Human capital flight is the emigration or immigration of individuals who have received advanced training in their home country. The net benefits of human capital flight for the receiving country are sometimes referred to as a " brain gain " whereas the net costs for the sending country are sometimes referred to as a " brain drain ". [ 1 ]
Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. [1] Human capital has a substantial impact on individual earnings. [2]
The flight of human capital costs the government over $38 billion annually, two times the revenues received from selling oil. Under the provisions of a five-year development plan, the country is trying to create jobs for its unemployed population, though the results of these efforts have not yet materialized.
It was also suggested that the government should strengthen policies and programs which are aimed at actively managing human capital migration from Nigeria by interacting with foreign partners. In May 2018, Canada expressed interest in working together with Nigeria in order to assist the Nigerian government in curbing unchecked migration.
History of human migration; History of immigration to Canada; Hong Kong returnee; Human capital flight; Human Development and Capability Association; Talk:European Union citizenship; Hypermobility (travel)
The transformation process, as executed, generally replaced large enterprises with small, creating an environment inimical to innovation but conducive to human capital flight. [25] [26] [27] The evaluation of Poland's economic advancement depends on the criteria used.
Human capital flight is mostly seen as "negative" by countries experiencing "brain drain" but does invoke different reactions in differing times and places. So, if you feel you are getting a good balance of views with your edits, please do continue and thank you for your efforts.
Human Capital Theory states that the knowledge, experience and skills of employees are developed through processes of advanced education, training and development and job changes (Tharenou, 1997). Human capital acquisition through learning and job satisfaction increases the ability of a workforce to perform effectively (Michael et al., 2000 ...