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Notes -
It’s true that if you come back to Ghana with your Stanford Econ PhD then they may well give you a job at the central bank, but it’s also true that if you’re the kind of Ghanaian wealthy enough to go through 10+ years of tertiary education in the US you’re probably pretty well connected in the local ruling class anyway.
In many ways it’s nicer being a developing country PMC making $100k a year than an American making $400k a year. You have (more) servants, the cost of living is low etc. But a big reason people return is the same regardless of wealth, which is that home is home and people like being surrounded by friends and family in the community they grew up in, whereas life as a foreigner (even a wealthy one) involves a baseline higher level of mental stress because of the unfamiliar environment.
Yes a lot of such cases are already local elites, but not at all. Scholarships can do wonders in this category if you were a bit savvy as a teenager (or your parents were)
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