Publication and Research, IIPM
Latest research done by OECD, World Bank and the IMF reveals that Caribbean and African nations are the worst victims of brain drain to developed countries of the west. In terms of sheer number, China and India lead the list of brain drain affected countries. Yet, because of a large pool of skilled manpower that enters the work force every year, the two nations lose a modest percentage of their skilled manpower every year. In contrast, the average for sub-Saharan African nations is a heft y 50%. The situation is far worse in the Caribbean. Jamaica and Haiti lose 80% of skilled graduates to brain drain every year, while the figures for Guyana and Surinam are 86% and 90% respectively.
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Source:- IIPM Editorial, 2006
For the record, there is an easy explanation to the increasing power cuts. As the economy grows at a sustained rate, demand for power is rapidly outstripping supply. Peak hour power shortages now run at 16%. In industrialised states like Maharashtra and Gujarat, they run at more than 30%.Ask any analyst and she would tell you that this will worsen before there is any chance whatsoever of the situation improving. Why?
Source:- IIPM Editorial
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