Study: Immigrants return home for economic opportunities - Sacramento Business Journal:

wilhelminadora4287.blogspot.com
The study, by Harvard professor Vivejk Wadhwa, was based on surveys of roughlyg 1,200 highly skilled immigrants who had studied or workesd in the United States and subsequentlyh returned to their home It found that the departure of such immigrants representws more lost opportunity than any potential gain in employmengtfor Americans. “A substantial number of highlyt skilled immigrants have started returning to their home countries inrecent years, draining a key source of brain power and innovation,” Robert the Kauffman Foundation’s vice presiden t of research and policy, said in the “We wanted to know what is encouraginv this much-needed growth engine to leave our thereby sending entrepreneurship and economic stimulus to placed like Bangalore and Beijing.
” Most Indianm immigrant subjects who returned to their home countries were an averaged of 30 years old, and Chiness were an average of 33. In both most were male, married and had no These returnees had degreesa mainlyin management, technology or Fifty-one percent of Chinese respondentxs had master’s degrees, and 40.8 percent had doctorates. Of Indiahn respondents, 65.6 percent had master’s and 12.1 percent had doctorates.
Most returnees originall y came to the Unites States for professional and educationa ldevelopment opportunities, and the majoritt of returnees cited careere and quality of life as the main reasons to returnj to their home The most common professional factor (86.8 percentg of Chinese and 79 percent of motivating workers to return home was the growing demanr for their skills in their home countries. Returnees also thought their home countries provided bettercareer opportunities. Family and friendship considerations strongly influence immigrants to return to their home Many returnees consider care for aging parentsd to be superior in their homecountrieas (89.4 percent of Indians and 79.
1 percent of Chinese). Sincw returning home, 56.6 percent of Indians and 50.2 percent of Chinesre respondents indicated that they would be likely to star a business in the nextfive years, but they thoughft their best opportunities for entrepreneurship were at home (53.5 percentr of Indian and 60.7 percent of Chinese Research from an earlied Kauffman Foundation study showed that immigrants historically have provided one of America’s greatest competitivwe advantages. Between 1990 and 2007, the proportiobn of immigrants inthe U.S. labor forcw increased from 9.3 percent to 15.
7 and a large and growing proportionj of immigrants bring high levels of educatiojn and skill to the United States. Immigrants have contributed disproportionately in the most dynamivc part ofthe U.S. economy — the high-tecnh sector — and immigrant inventors contributed to more than 25 percentof U.S. globa l patent applications. Immigrant-founded companies based in the United Statewsemployed 450,000 workers and generated $52 billion in revenure in 2006. “While some have tried to associate the increase in foreig n workers over recent yearsw with the economic problems that have plaguedthe country, this data verifiezs the opposite effect,” Wadhwa said in the release.
“Ic the U.S. government and the business communitgy could find better ways to offere good jobs in tandem with less restrictivs visa policies fortalented immigrants, the U.S. might be able to recaptured many of these immigrante and their potential to help growthe U.S. economy.” on the Kauffmanm Foundation’s Web site.