The Gift of Global Talent: Innovation Policy and the Economy
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Talent is the most precious resource for today’s knowledge-based economy, and a significant share of the US skilled workforce in technology fields is foreign born. The United States has long held a leading position in attracting global talent, but the gap to other countries is weakening. Immigration policies like the H-1B visa program shape the admissions of foreign workers to the country and grant a particularly strong gatekeeping role to sponsoring firms and universities. This chapter explores the data around global talent flows and some of the economic implications of an employer-driven immigration approach.
This chapter is based on The Gift of Global Talent: How Migration Shapes Business, Economy and Society (Stanford, CA: Stanford University Press, 2019). I thank Maggie Dalton and Louis Maiden for their assistance in this work. Comments are appreciated and can be sent to firstname.lastname@example.org. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.