Brain drain, also known as human capital flight, is a serious issue in many parts of the world, as skilled professionals seek out work abroad rather than returning to work in their home country.
Malaysia: The brain drain in Malaysia has been steadily worsening, with the World Bank projecting it to intensify over the next few years. Currently, two out of every ten Malaysians with higher education seeks employment elsewhere, accounting for about 305,000 immigrants in 2009. There are a number of factors that contribute to this mass emigration, including job opportunities, political corruption and lack of religious freedom. Malaysia made big economic strides in the 90s, but growth has been halved in the past decade, slowing from 7.2% to just 4.6%. Experts believe this is largely due to brain drain, and caution that the nation could see serious economic issues if it doesn’t do something more to encourage professionals to work in their home country.