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Balancing the benefits and costs of skilled migration in the Asia-Pacific region
- Author: International Organization for Migration
- Main Title: World Migration Report 2005 , pp 221-237
- Publication Date: May 2005
- DOI: https://doi.org/10.18356/5f00117e-en
- Language: English
Human capital is increasingly the most important form of wealth for many countries and regions, with those richest in intellectual resources tending to achieve the highest rates of economic growth and most rapid development of their science and technology sectors. Such resources not only produce wealth, they are vital in dealing with many social and environmental aspects of modern living. Yet in many developed countries, a combination of factors – high demand in certain sectors, lack of adequate training facilities, people making different career choices – has led to major skilled labour shortages. Hence the need for policies that encourage the immigration of skilled labour and draw on ready-trained science and technology personnel, often from developing countries, to meet these shortages. Such policies, however, have mixed consequences for the countries of origin.
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