There are pros and cons of brain drain. Mostly it is a negative impact on the country. Brain drain also known as talent loss. It can lead to shortage of high skilled workers, which is mostly professionals and technicians that working abroad. Malaysia’s brain drain is intensive, not necessarily because of too many are leaving the country but because the skills base is too narrow.
This argument was best described by stating the author creating a disease called “Microchip Immune Deficiency Syndrome”. This syndrome tends to affect a country or a company that fails to adapt to the changes in the system. Subsequently, making this country or company left behind as it fails to connect to the world. Since, globalization usually has its pros and cons, it can be the door to an interconnected world with fast connections that could make economics more efficient, on the contrary, it is not open to all, especially to countries that are far behind and cling to their olive tree very tight as these countries engage to the “backlash” brought by the globalization. In the final part of the book, the author argues that US has a vital role in this new era of globalization.
Thomas Robert Malthus can be acknowledged to have laid the foundation and paved the way to future theorists interest in the subject of population growth being a major problem with dire consequences such as poverty and misery. Extensive research on the topic has been done thereafter and a great deal of the theorists concluded that population growth is certainly a problem and moreover it can potentially hinder development as more people equate to a higher demand on resources, services, food and employment (Furedi, 1997). These findings were especially directed to the developing countries as they are characterised as being grossly overpopulated and developing notably slowly. As a counter argument, the predecessor of Karl Marx, Godwin, and other
Deloughery (1998) maintains that scaling back of industry and a frail economy have caused job loss and loss of insurance for even the educated worker. A call for a broad based health plan would greatly assist in helping to meet the health care costs (p. 155). Although the provision of jobs and more sustainable industries can help to cushion out the effects of poverty there will always be a niche of underprivileged individuals if the capitalist system is not eradicated.
The cycle of poverty will hence be repeated again and again; when one gets sick, s(he) will not be able to work which will eventually lead to poverty and starvation. When a country has a proper infrastructure, in this in case, transportation, it will help provide economic incentives to the public and may possibly attract foreign investors to invest in the country. But by the end of the day, the poor will benefit the most from a proper infrastructure development. It is, therefore, an essential, to have a proper access to infrastructure in improving the economic opportunities for the
This is because education is becoming more and more expensive, especially in poor countries and if you belong from a low income group that means you cannot afford to gain education because you cannot afford to pay the fees. The second problem is, children from poor families due to income inequality are forced to stop their education in order to earn money for the family to survive. Similarly, if you get good quality education you can get better jobs, improving your living standards. As time is passing by, the world is becoming more technological and to use these technologies the world needs more educated workers. This also increases income inequality because educated workers who can use technology get the high paid jobs,
• Development aid is often needed together with disaster relief. When there is a natural calamity in some poor country the government often cannot help and support their person, which further undermines future development. In hard times like these they need international development aid in addition to humanitarian assistance. • Demographics. Many young people choose to leave developing countries because of the poverty and unemployment.
“It takes money to make money” was a very relevant statement to sum up the struggle that restricted their growth. They needed foreign help to have any chance of catching up with the powers at the time or even just to achieve sustainable growth. Some companies saw opportunities in these new markets but it was very risky, any investment had the opportunity to lose everything they tried to invest. Many of the developing countries formed after the World Wars were
The project statement for our project is “How can we help Singapore Polytechnic students to better manage their time in order to have good work life balance?” , and the issues surrounding this topic is relevant to our society as Singapore’s only resource is human capital and the students of today shall become the leaders of the world tomorrow. Therefore there is a great importance for students to be able to better manage their time to strive for good work life balance, as the lack of it could prove disastrous to individuals in terms of both health and work, which in turn could lead to the fall in productivity and growth in a country. Stress and depression are two things which might occur if students are unable to have a good work life balance, and this shall further lead to a fall in motivation and eventually lead to a fall in productivity as the habit of having poor work life balance stretches into the student’s adult working lives in future.
In the future, the students will grow up to become excellent employees or even businessman/women. Skill development is a very significant issue in most countries, but Malaysia has done a good job of providing the important skills and etiquettes. Skills and etiquettes taught to the students will stay will them forever and will be useful wherever they go. Education is one of the main factors affecting employment, and as the employment rate increases because of proper education, the reputation of the country itself will become superior. Concerning the second case, because of a lot of competition and large population, enormous numbers of students or graduates will not be able to get jobs.