The Immigrant Exodus
Why America is Losing The Global Race To Capture Entrepreneurial Talent
by Vivek Wadhwa
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Pub Date Oct 02 2012 | Archive Date Jan 29 2013
Description
Many of the United States' most innovative entrepreneurs have been immigrants, from Andrew Carnegie, Alexander Graham Bell, and Charles Pfizer to Sergey Brin, Vinod Khosla, and Elon Musk. Nearly half of Fortune 500 companies and one-quarter of all new small businesses were founded by immigrants, generating trillions of dollars annually, employing millions of workers, and helping establish the United States as the most entrepreneurial, technologically advanced society on earth.
Now, Vivek Wadhwa, an immigrant tech entrepreneur turned academic with appointments at Duke, Stanford, Emory, and Singularity Universities, draws on new research to show that the United States is in the midst of a historically unprecedented halt in high-growth, immigrant-founded start-ups. He argues that increased competition from countries like China and India and US immigration policies are leaving some of the most educated and talented entrepreneurial immigrants with no choice but to take their innovation elsewhere. The consequences to our economy are dire; our multi-trillion dollar loss will be the gain of our global competitors.
In The Immigrant Exodus, Wadhwa addresses:
Why immigrants are critical to the United States' economic development and intellectual capital The rise and decline of the immigrant-powered startup machine in America Why immigrants are leaving America Why the visa system is broken and the impact this has had on skilled immigrants How the rest of the world is trying to replicate the success of Silicon Valley and recruit the best global talentWith his signature fearlessness and clarity, Wadhwa offers a concise framework for understanding the Immigrant Exodus and offers a recipe for reversal and rapid recovery.
Advance Praise
“A must-read for anyone who wants to understand why America is losing the talent race.”
—Elon Musk, CEO of SpaceX and co-founder of Tesla Motors and PayPal
“As the son of immigrants and a champion of American Innovation I can think of no more important book for our politicians and CEOs to read. Get it, read it, and fix this problem now.”
—Peter H. Diamandis, MD, Chairman/CEO, X PRIZE Foundation and author of Abundance: The Future Is Better Than You Think
Available Editions
EDITION | Paperback |
ISBN | 9781613630204 |
PRICE | $15.99 (USD) |
PAGES | 106 |