EDUCATION POLICY AND FINANCE

The young generation that emigrates from their homeland to receive foreign education may decide to continue their life overseas, which hinders a country's future advancement. The phenomenon of student outflow urges the government to employ policies to prevent such a process. If the government d...

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Bibliographic Details
Main Author: Huseynova, Alida
Format: Conference Proceeding
Language:English
Subjects:
Brain drain
College students
Economic development
Education
Education policy
Emigration
Global economy
Incentives
Monetary incentives
Numerical methods
Qualitative analysis
Qualitative research
Research methods
Study abroad
Teenagers
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Summary:The young generation that emigrates from their homeland to receive foreign education may decide to continue their life overseas, which hinders a country's future advancement. The phenomenon of student outflow urges the government to employ policies to prevent such a process. If the government does nothing to bind its young citizens to their motherland, they can emigrate themselves without any state support. And those who left their motherland under the pretext of studying may decide to stay there, which means losing potentially high-skilled workforce. The following research argues that merit-based financial aid and the enclosure of official contracts between state and students can serve as tools to stem the process of emigration of gifted youth. Though the work is based on qualitative research methods, some numerical information is also collected and analyzed in addition to the face-to-face interviews. This paper aims to spread awareness about the negative consequences of student emigration, demonstrate to general society and the government the effectiveness of merit-based financial aid as a tool to alleviate the drain-away and promote such a solution.
ISSN:1849-6903
1849-6903