"Recent changes in information and communication technologies have contributed to a dramatic increase in the degree of integration and interdependency of countries, markets, and people. Against this background, one aspect of particular concern for small states is the international movement of...

This chapter focuses on the effects of skilled migration on developing countries. We first present new evidence on the magnitude of the "brain drain" at the international level. Using a stylized model of education investment in a context of migration, we then survey the theoretical and empirical...