SOUTH KOREA DEALSWITH BRAIN DRAIN: BRAIN CIRCULATIONROLES INKNOWLEDGE BASED ECONOMY

Abstract

Globalization makes the world borderless.As consequence, the movement of individuals from one country to another can’t be avoided. Not only displacement of blue-collar worker that becomes very massive, more qualified people migrated both for education and employment (as a white-collar worker). This leads to the phenomenon of brain drain for a country, as experienced by South Korea. However, South Korea managed to change the perspective and didn’t regard this phenomenon as a brain drain, but a brain circulation that becomes an important element for economic growth through reverse the brain drain (RBD) efforts. This paper will discuss how South Korea deals with brain drain and how brain circulation becomes very important for South Korea's economic growth that based on knowledge.

Keywords:brain drain, brain circulation, reverse brain drain, South Korea, knowledge based-economy