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Brain Drain (Human Capital Flight) in Malaysia (Reason Malaysian…
Brain Drain (Human Capital Flight) in Malaysia
Reason Malaysian defect/leave Malaysia
Lack of career prospects and unavailability of opportunities in specific field
Social injustices
Luxury taxes in Malaysia
Limited access to high-quality education
Future job vacancies
Economical factors
Ringgit devaluation
Fall in global oil price
To enhance their career opportunities
Less attractive salary and benefits offered in the country
Close proximity of Singapore and its substantially more developed environment
Consequences of Brain Drain
Education
Reduce the manpower in education
Students not interested to go to school and cause many downstream problems
Economic
Loss of skilled labour
Investors will not interested to invest due to lack of manpower in industries
Health
Lack sufficient healthcare workers
Not sufficient manpower in the form of medical and health professionals
Social
Gender imbalance
Children exposed to social vices
Policies/Laws that can be adopted
Strengthening the role of media
Reduce government intervention in the economy
Emulate multinational corporations and looking at non-financial benefits
Build a strong company culture
Clear career path
Adopt systems of international standards in pay and benefits
Open up more opportunities for non-Bumiputera students
Strengthening teaching and research quality of faculty at universities