The Times of India reports that recent IT graduates of Indian universities are no longer going abroad. Students say that the opportunities for an IT career are better in India. The Times writes that in the early ’90s, the outflow of computer science graduates was so great that the World Bank suggested a tax on IT and other professional talent leaving the country. Now less than 15% of recent graduate leave, and more are going to Japan than to the United States. And, the model of one-way brain drain needs to be replaced with a model of brain circulation throughout the world.
I recently posted on how the Indian IT industry was built in part on know-how gained by Indian IT professionals working temporarily in the United States. This is an example of circular migration, a fact of much migration today which is poorly documented. Rising economies around the globe, higher global education levels, and increasing ease of migration, are behind this circular motion.