Immigrant Exodus: Why America Is Losing the Global Race to Capture Entrepreneurial Talent

The Immigrant Exodus: Why America Is Losing the Global Race to Capture Entrepreneurial Talent

By Vivek Wadhwa

A 2012 ECONOMIST BOOK OF THE YEAR. Vivek Wadhwa, an immigrant tech entrepreneur turned academic, draws on his research to show that the United States is in the midst of an unprecedented halt in high-growth, immigrant-founded start-ups. He offers a concise framework for understanding the Immigrant Exodus and a recipe for reversal.

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Book Information

Publisher: Wharton School Press
Publish Date: 10/02/2012
Pages: 106
ISBN-13: 9781613630211
ISBN-10: 1613630212
Language: English

Full Description

A 2012 ECONOMIST BOOK OF THE YEARMany 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 his new Kauffman Foundation research to show that the United States is in the midst of an 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.With his signature fearlessness and clarity, Wadhwa offers a concise framework for understanding the Immigrant Exodus and offers a recipe for reversal and rapid recovery.

About the Author

Vivek Wadhwa is director of research at the Center for Entrepreneurship and Research Commercialization and executive in residence at the Pratt School of Engineering, Duke University; vice president of innovation and strategy at Singularity University; fellow at the Arthur and Toni Rembe Rock Center for Corporate Governance, Stanford University; and distinguished visiting scholar, Halle Institute of Global Learning, Emory University.

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