“The intellect exodus” remains a phenomenon of the XX-XXI century. This topic is especially relevant, since the effects that it can generate are unpredictable, contradictory, and sometimes quite difficult to comprehend. The purpose of the article is to identify and assess the impact of the “brain drain” on the country’s economic development, to study the reasons why current trends follow the evolution of migration and provide recommendations for the effective management of the migration of skilled human resources. This paper uses a predominantly analytical method to identify and explain the phenomenon of migration from an economic point of view. Synthesis is used as a research method to identify and represent the links between the “brain drain” and its impact on the economic development of the state.