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Smart Immigrants Make Wealth.(Brief Article)
Smart Immigrants Make Wealth G. Pascal Zachary. The Global Me: New Cosmopolitans and the Competitive Edge. PublicAffairs, 250 West 57th Street #1321, New York, New York 10107.
In the global economy, America has a comparative advantage: Immigration policies that allow smart foreigners to become productive Americans. Zachary, a Wall Street Journal reporter, finds countries that freely admit hard-working immigrants do better economically than nations that don't.
Germany and Japan were economic powerhouses in the 1980s, but ran into problems in the '90s partly because of their immigration policies. Immigrants who want to work in Germany face formidable obstacles. Oleg Kovrigin, an artificial intelligence specialist, was allowed to emigrate from the Soviet Union in 1990 only after establishing he was the USSR's leading computer expert. But the company Kovrigin had a work permit for floundered--and immigration officials warned that if the firm failed, Kovrigin and his family would be deported within 24 hours. Entrepreneur Erik Masing wanted to hire Kovrigin, but German bureaucrats in the Arbeitsant (labor office) blocked him for a year, saying he had to prove there was no other worker in the European Union with Kovrigin's skills. Only after buying Kovrigin's failing workplace was Masing allowed to employ him.
Today, Kovrigin and Masing's successful software company employs 25 people. But half of the firm's work is sent to Russia, because the firm can't import Russian labor. Masing spends about one-sixth of his budget filling out labor permits and other immigration forms.
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Source: HighBeam Research, Smart Immigrants Make Wealth.(Brief Article)