Archived posting to the Leica Users Group, 2006/03/22

[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]

Subject: [Leica] Re: Brain drain
From: lrzeitlin at optonline.net (lrzeitlin@optonline.net)
Date: Wed Mar 22 07:58:05 2006
References: <200603220339.k2M3cXwn090780@server1.waverley.reid.org>

Jayanand wrote:

<<The greatest risk today for the West is a reverse brain drain as Asians, 
especially Chinese and Indians choose to return to their countries, 
where the future beckons...I see the trend starting here in India, 5 
years ago it would have been unthinkable.>>

------

The economic and tax incentives had a lot to do with it. The "Overseas 
Indian Act" permitted Indian citizens 
working overseas to send money to India tax free. It was a one way street. 
The money could come in but 
not go out. As a result, Indian families exported their bright, well 
educated, sons and daughters to developed 
Western countries with the expectation that the returning cash would raise 
the family to affluence. My 
landlord in New Delhi, then an editor of the Economic Times, sent his oldest 
son to the US where he 
produced TV shows, his doctor daughter to Manchester, and his youngest son, 
the computer programmer, to 
Microsoft. The returning cash flow enabled him to buy a substantial block of 
property in an upscale part of the 
city. 

The downside is that his kids decided to remain in their new countries and 
rarely visit. Ain't it a shame.
Call your mother once in a while, Sanjay.

Larry Z