Long-time SAJA member Vivek Wadhwa, executive-in-residence for the Pratt School of Engineering at Duke University; fellow at the Labor and Worklife Program at Harvard Law School and BusinessWeek columnist, has news about his latest study, "America’s loss is the world’s gain" (scroll down to see some of his previous studies below - and a note from SAJA member Sandip Roy about a conference call on Monday with Wadhwa and other members of the study team):
From: Vivek Wadhwa <vivek[at]wadhwa.com>
My team at Duke, Harvard and Berkeley is releasing an important report on immigration on Monday morning (March 2, 2009). Journalists who agree to the Monday embargo can write to me for a copy of the report.
This report details the plight of skilled immigrants who came to the U.S.
from India and China to work or study and returned home. There are no hard
numbers available on how many have returned, but anecdotal evidence shows
that this is in the tens of thousands. With the economic downturn, my guess
is that we'll have over 100,000 Indians and as many Chinese return home over
the next 3-5 years. This flood of western educated and skilled talent will
greatly boost the economies of India and China and strengthen their
competitiveness. India is already becoming a global hub for R&D. This will
allow it to branch into many new areas and will accelerate the trend.
The U.S. has always had the luxury of being arrogant about immigration
because it has been the strongest magnet for the world's best and brightest.
As this paper shows, there are other strong magnets now. So immigrants who
used to have to make substantial sacrifice to give their families better
lives can achieve their objectives without the sacrifice -- they can return
home to parents and friends…to a land where they are at the top of the
social ladder rather than at the bottom.
The hollowing out that this will cause to our S&E workforce and the
competition that this will create for the U.S. will hurt us for decades.
Other countries like Australia, Singapore and Canada…and even Europe and
Dubai have figured out that bringing in skilled talent provides a major
economic boost. We haven't…We're sending ours away. We are effectively
exporting our economic stimulus. Policies like those which the U.S. just
enacted which prevents some banks from hiring foreign workers will have the
opposite effect from what they intended -- they will send jobs abroad and
scare away top talent.
I've spent 2 years on this project. You have no idea how hard it was to
track down such large numbers of returnees and get them to complete a
comprehensive questionairre!
Regards,
Vivek
EMBARGOED UNTIL MONDAY MARCH 2, 2009, 8 A.M. EST
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