Question

Explain what the implications are to the Canadian economy if the brain drain is not stopped? Within the implications, consider the various stakeholders in the economy who might be affected by the brain drain.

Answer 1

Answer:

Low tax collection, low working population

Explanation:

Brain drain is a condition where a country loses its population through migration. Generally, this happens with the low developing countries, because people try to search for jobs in developed countries. Canada will lose tax revenue collection and low working population as a result of the brain drain. Government is the most important stakeholder which will be affected by brain drain apart from that; hospitals and industrial units will be affected by the brain drain.