Losses and gains to developing countries from the migration of educated workers

This paper synthesizes and extends recent research on "The New Economics of the Brain Drain". In a unified framework, the paper shows that while recently identified adverse repercussions of the brain drain exacerbate the long-recognized negative impact of the brain drain, longer-term consequences turn the brain drain into the harbinger of powerful gains. These gains have been studied already in recent research, or merit attention in future research.