Spoken Mises

People in developing countries complain about the "brain drain" supposedly practiced by rich countries, writes Mihai Sarbu. This complaint surfaces even among Europeans with respect to the United States. The idea is that the US is stealing the most qualified talent from Europe in an unfair way. But is this bad and unfair, as most in these countries claim? Are "human capital" exports always bad and imports always good?

(Original Text)

Fears of a "Brain Drain" (1.25 MB)