I.T. go home: skilled immigrant exodus.
Author | Doherty, Brian |
Position | Citings - Brief article |
WHY DO MANY highly trained immigrants choose to return to countries such as India and China rather than staying in the far wealthier United States ? After all, their prospects here are good: Such immigrants were either CEOs or lead technologists in 52 percent of Silicon Valley's startups from 1995 to 2005. Those immigrant-founded companies created $52 billion in revenue in 2006 and gave jobs to 450,000 workers.
Researchers led by Vivek Wadhwa, a scholar at Duke and Harvard, surveyed 1,203 immigrants who chose to return to India or China. According to their report, "America's Loss Is the World's Gain," issued in March by Duke's Global Engineering and Entrepreneurship Project, "87.3 percent of Chinese and 62.3 percent of Indians saw better career opportunities...
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