Organizers of an annual satirical award for scientific achievement are shifting for the first time from the United States to Europe due to concerns about winners and others being able to get visas.
Does it though? The Euro is the second strongest currency in the world and Europe has a strong banking system. There is very much a chance it takes over the role of the USD. Also Europe is much richer on a per capita bases then Russia or China and much more open to migration. It is for example impossible for most everybody to become a Chinese citizen. So there is a strong chance that Europe starts brain draining the rest of the world even more. This is actually an example of that in a way. This might well end up especially bad for Russia, if they loose the war against Ukraine. That most certainly will end up crashing the economy and lead to mass emigration. That somewhat already started.
Does it though? The Euro is the second strongest currency in the world and Europe has a strong banking system. There is very much a chance it takes over the role of the USD. Also Europe is much richer on a per capita bases then Russia or China and much more open to migration. It is for example impossible for most everybody to become a Chinese citizen. So there is a strong chance that Europe starts brain draining the rest of the world even more. This is actually an example of that in a way. This might well end up especially bad for Russia, if they loose the war against Ukraine. That most certainly will end up crashing the economy and lead to mass emigration. That somewhat already started.
*lose