The Case for Brain Drains

Arnold Kling

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Laura Freschi makes it, citing work by William Easterly and Yaw Nyarko.

Even using official figures, which likely far undercount the value of remittances by excluding informal channels, remittances sent back by Africans abroad outweigh the cost of educating them at home. Why pass up a high return opportunity (Africans earning high incomes abroad and remitting) and insist on a low return activity (educated Africans underemployed at home)?

I could probably link to the Aid Watch blog three or four times a week. I strongly recommend making it a regular read.

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CATEGORIES: Labor Mobility, Immigration, Outsourcing

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Axel writes:

Could you then put "Aidwatch" on the blogroll please?

I have to say that I appreciate very much your fantastic blog, and also the links to other blogs on ecnonomics. Thanks a lot for your fantastic work.

Posted February 17, 2010 2:41 PM

Lauren (Econlib Editor) writes:

Hi, Axel.

We've added it to the EconLog blogroll.

Thanks for the suggestion. We've recently had an internal discussion about whether blogrolls continue to serve a useful purpose for our readership. You've confirmed that they do!

Posted February 18, 2010 6:23 AM

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