Global Flow of Human Resources
More than 150,000 mainlanders [Chinese] obtained overseas citizenship last year, meaning they have made a new home, or an alternative one. The report says the rich and educated elites are becoming the main force in the latest round of emigration, and that many had left in search of a more democratic society, a cleaner environment and better educational opportunities. The main beneficiaries were the US (87,000), Canada and Australia (30,000 each) and New Zealand (6,000).Even plucky Israel, with a loyal and vibrant, hardworking and intelligent population, loses educated and skilled people to lands with perceived greater opportunity.
Li Xiaogang, a research director of the Shanghai Academy of Social Sciences, says the elite are leaving because China's social and political development has not kept up with the economic environment in which they achieved their success. _Chinese Emigration
Most Israelis who are headed abroad in search of economic opportunities or furthering their professional careers have their sights set on the United States, although the ultimate destination is largely a function of educational achievements. Emigrants from Israel to the United States tend to be more educated or professionally qualified than those choosing other destinations,...Even highly skilled and educated professionals and scientists from the UK and Europe are leaving for better opportunities in Canada, the US, Australia, and Switzerland. (PDF)
...Among emigrant families where both spouses were born in Israel, 64% went to the United States, 18% to central or western Europe, 3% to eastern Europe and 15% to other destinations.
...Of the emigrants with undergraduate degrees, 60% went to the United States and 20% to Europe, while for those with a master's degree these figures were 62% and 19%, respectively. Among the Israeli emigrants with a medical degree, 72% chose the United States and 7.6% headed to Europe. For those with a Ph.D., these numbers were nearly 80% and 13%, respectively. _Haaretz
Of course, under US President Obama, US economic prospects continue to be tenuous -- with large numbers of business leaders complaining about the Obama administration's anti-private sector bias, and a high level of uncertainty as to crucial future economic policies in the US. Such dissatisfaction with the economically incompetent US president has kept US employment levels and new business startups suppressed far beyond what would have occurred in a normal recovery.
The prolonged Obama recession has led to what many in the media have labeled a "reverse brain drain" back to countries of origin for many educated emigrants and persons on educational visas. But in the larger scheme of things, such a "reverse brain drain" constitutes more of an eddy current than a genuinely significant counter-current -- at least so far.
Give Obama enough time to wreck the US economy, and such a reverse brain drain may well develop in earnest. That would require rational economic policies to be instituted in other countries, of course, which is not typically seen these days.