Summary
WORKFORCE migration has enormous implications for individuals, businesses and governments. Without the appropriate policies in place, the `losing' country could find itself caught in a `brain drain' situation, where home- grown talent leave the country while the `recipient' country will receive an influx of migrants with different cultural and social norms, thus impacting the recipient country's existing policies. This is why economies worldwide are changing the way they view both incoming and outgoing migration to ensure that they can access the right competencies to grow their economies and be a player in the global game.
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Extract
Migration of the Worker
The world is changing, demographically. Global population is increasing and, as the baby boomers (typically those born between 1946 and 1964) hit their 50s and 60s, the absolute percentage of the aged is on the rise. At the same time, the total number of young people is falling due to flattening or declinin...
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