Although brain drain is generally associated with developing countries, the recent debt crisis in Greece has generated an exodus of highly educated human capital from this country. In Greece, college education is paid for by the government, and it is estimated that roughly 10 percent of the country’s college-educated workforce have left the country, a majority of which are less than 40 years of age. What implications does this flight of human capital have on growth prospects for the Greek economy? How does the fact that the government pays for college exacerbate this problem? Do some research to find out what has happened to Greek GDP in recent years and what the forecast is for GDP in the near future, and see if this supports your answer.
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