The Gift of Global Talent: How Migration Shapes Business, Economy & Society
Some have characterized American immigration policy as a hodgepodge of initiatives that at some point made sense but may no longer be as relevant today. As a result, our immigration policy lacks unification and purpose. However, there are several facets of immigration: uniting families (a cornerstone of American immigration policy), immigration of low-skilled labor, immigration of high-skilled workers, and immigration of entrepreneurs willing to open businesses in America. These are just the legal aspects; there are cultural aspects as well. This book focuses only on the high-skilled workers and primarily on the forces that bring them to our shores. The analysis is driven from an economic perspective, and suggestions (legal or otherwise) spring from economic considerations.
The first part of the book explores the highly skilled workers: their countries of origins and their destinations, drivers that attract or repel migrants, and migration flow gatekeepers. The second part explores what high-skilled migrants bring to their adopted homes – essentially the consequences of their migration on businesses, the region, and their fellow citizens. The analysis is compelling and backed by empirical economic data. It shows that migrants contribute disproportionally to their region’s economic prosperity, and these workers are among the most mobile in the workforce. Hence the argument for a unified immigration policy. The last chapter provides suggestions for future policy. While some readers may not find the suggestions adequate, the intent (based on data provided in previous chapters) points to the need to have policies to attract and retain talent in America. While America currently has a lead, other countries are seriously considering ways to attract highly skilled talent and may blunt the American advantage.
The book has a very narrow focus and primarily focuses on the economic aspects of global migration of highly-skilled labor. Because of its laser focus, it can untangle some aspects of our very tangled immigration policy and the consequences of our inaction (or worse, our actions to limit globalization). An excellent read based on solid empirical economic data and anecdotal evidence.
|Author||William R. Kerr|
|Page Count||256 pages|
|Publisher||Stanford Business Books|
|Amazon||Buy this Book|
|Category||Business & Investing|