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Why America Is Losing the Global Race to Capture Entrepreneurial Talent
Wharton Digital Press
October 2012
On Sale: October 2, 2012
ISBN: 1613630212
EAN: 9781613630211
Kindle: B0098P9HKC
Paperback / e-Book
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Non-Fiction
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 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.
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