Reading yours and Viriato's posts, I remembered a group from Brazil that could be quite useful in Angola/Mozambique: farmers from the southern Brazilian states(Paraná, Santa Catarina, Rio Grande do Sul). European-descended(Portuguese, German and Italian stock mainly, although there's some other groups there, like Ukrainians), better educated than the rural migrants from the northeastern states(although not that much better in many cases), they were one of the main groups involved in the colonization push of the western states and the Amazon Basin in the 1970's. Many of them, and their children, are prosperous farm owners nowadays.
I'm not so sure capital flight would be the most serious effect, at least in Brazil. Sure, it would be a big hindrance, but much of the industrialization push was financed by government lending money through state-owned banks and development agencies(I think it was this way in Argentina as well) at first(and later on, the industrialization was mostly through state-owned enterprises acting in infrastructure projects). IMO, competition for foreign investment and the brain drain would be more influential.
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