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Liberty in Context
It seems plausible that a guest-worker program would be the best of both worlds-- cheaper labor for rich countries, and a stream of temporary emigrants who return to poorer countries to improve things back home.
Also, many immigrants come here to make money to send back home (I live in an immigrant-heavy neighborhood and there are tons of places to wire money). That helps things back home. It's not a simple question of abandonment.
But, we should be wary about the brain drain question, as it too makes some intuitive sense. We should see how the empirical data plays out, and we should make our ultimate decision based on the criteria of additive utilitarianism combined with diminishing marginal utility. (help the poorest).
A democratic government isn't obligated to become undemocratic and flout the will of its people to help those in other countries. But the voters should think of the poor and not just themselves-- once the voters do this, the government does the same as a byproduct. Does that address your concern?
In practice, no one is totally utilitarian or altruistic; everyone privileges themselves and those who they know. So in practice this amounts to: lean more heavily on altruism/utilitarianism, and less heavily on self-interest and local interest.
So now that means I'm backtracking on really demanding everyone be a straight-up utilitarian. Maybe the optimum is some weighted average of solipsism and utilitarianism. Darn ethical morasses.
Maybe you don't. But my--and perhaps Will's--response is that you have the RIGHT to treat aliens as well as (if not better than) your countrymen. Thus, restricting immigration to effect protectionism is wrong.