munna2009 (Super-Mod! + Sravanthi Love): A consolidated price for the export of the commodity brain power may also be realised from the importing country But the computational method that can be applied to price fixation of brain has obvious limitation. Market price of brain power does not very often reflect its public cost. In the case of brain export, the exchange price must be equal to the public and private cost of brain. Since the outgoing human capital from, *16-09-11 - 22:14:25
munna2009 (Super-Mod! + Sravanthi Love): LDCS mostly received only the private cost, and not the social cost, such as an outflow cannot be considered to constitute brain export. However it cannot be denied that it is very difficult to calculate the social cost; and shadow price keeps on changing *16-09-11 - 22:15:07
munna2009 (Super-Mod! + Sravanthi Love): alongwith the time horizon. If the rate of return is sufficient to cover the domestic opportunity cost of the transferred brain, it may be looked upon as a case of brain export. *16-09-11 - 22:16:39
munna2009 (Super-Mod! + Sravanthi Love): For the purpose of export, a country will do best to produce that brain power in whose production it has the comparative advantage. The export of such brain power will be the best for both the trading partners. Some countries that cannot absorb human capital in their own economies such as Barbados and Phillipines, deliberately train people for export. Some compensation for the human capital migration by the countries inflow to the countries of overflow has been suggested by Boudlin and Wantabe. *16-09-11 - 22:17:08
munna2009 (Super-Mod! + Sravanthi Love): As a payment for human capital import, the Government of recipient country could refund a fixed percentage of immigrants income tax to the country of origin. It is no doubt a fact that a large number of countries sending brain power abroad receive remittances (UNITAR, 1970). Unless the remittances over the private and Public cost on opportunity cost of migrants, the brain migration cannot be said to be of have brain export category. *16-09-11 - 22:17:35