ABSTRACT
Migration dates back to the dawn of civilisation and has experienced significant changes across time. Globally, migration and development are inextricably intertwined, with remittances serving as the foundation for wealth in the nations of origin. Migration patterns tend to vary as a result of global economic revolutions, internal economic reforms, and socio-political changes throughout the world. This chapter will also address the topic of student migration and how affluent nations are luring talented students by leveraging their home countries’ financial advantages. This is the movement of students as high-skilled migration, where the host countries tactically offer incentives such as permanent or long-term residence/citizenship to attract these students. The chapter examines both short- and long-term advantages and costs of skilled migration, and while it covers topics that affect both sending and receiving nations, it focusses on the possible consequences of a big outflow of highly skilled migrants for the economies of the major sending areas.
