Mitigating High-Skill Brain Drain in Low-Growth Economies: An Examination of Existing Brain-Drain Threats in New Mexico and Strategy and Policy Alternative to Address Them

Abstract

This study analyzes the challenges faced by struggling or low-growth economies when they lose highly skilled human capital via the process of "brain drain" or "ability drain." Such losses pose severe potential hazards to technology-based economic development. Factors related to these phenomena are characterized and examined via literature review and mixed methodology analysis to compare and contrast potential ways to manage brain drain and even achieve positive "brain gain" through individual and business-oriented strategies and policy alternatives.