Archived posting to the Leica Users Group, 2006/03/22
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Jayanand wrote: <<The greatest risk today for the West is a reverse brain drain as Asians, especially Chinese and Indians choose to return to their countries, where the future beckons...I see the trend starting here in India, 5 years ago it would have been unthinkable.>> ------ The economic and tax incentives had a lot to do with it. The "Overseas Indian Act" permitted Indian citizens working overseas to send money to India tax free. It was a one way street. The money could come in but not go out. As a result, Indian families exported their bright, well educated, sons and daughters to developed Western countries with the expectation that the returning cash would raise the family to affluence. My landlord in New Delhi, then an editor of the Economic Times, sent his oldest son to the US where he produced TV shows, his doctor daughter to Manchester, and his youngest son, the computer programmer, to Microsoft. The returning cash flow enabled him to buy a substantial block of property in an upscale part of the city. The downside is that his kids decided to remain in their new countries and rarely visit. Ain't it a shame. Call your mother once in a while, Sanjay. Larry Z