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Is America No Longer "Land of Opportunity"?
Moving back to where the entrepreneurial grass is greener, 72 percent of Indian and 81 percent of Chinese entrepreneurs said the opportunity to start a business was better in their home countries than in the United States.
Posted 5/ 5 11 at 2:00 PM | News, Leadership, International Business
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Large numbers of immigrant entrepreneurs are moving back to their countries to start and run businesses, according to a new study by the Kauffman Foundation. Surprisingly, more than 60 percent of Indian and 90 percent of Chinese respondents cited the availability of economic opportunities in their home countries as a very important factor in their move.In addition, 72 percent of Indian and 81 percent of Chinese respondents said the opportunity to start a business was better or much better in their countries than in America. A mere 14 percent of Indian and 5 percent of Chinese entrepreneurs believed opportunities for them had been better in the United States.
The study of 264 Indian and Chinese entrepreneurs who had studied and/or worked in the United States and returned home to start businesses was conducted by a team of Duke University, UC-Berkeley and Harvard researchers. They found two other major considerations in moving back: family ties and access to local markets. Seventy-six percent of Indians and 51 percent of Chinese ranked family ties as very important motivations to return home, while 78 percent of Chinese and 53 percent of Indian respondents said local markets were very important considerations. More than 60 percent of Indians and 51 percent of Chinese respondents rated pride in contributing to their home country's economic development as very important.
Indian respondents cited lower operating costs as the most common advantage to entrepreneurs in their country, while Chinese respondents cited access to local markets as their strongest common advantage. The only advantage they cited to operating in the United States was salary: Sixty-four percent of Indian and 43 percent of Chinese respondents said their salaries were better in the United States.
The researchers call this phenomenon more of a "brain circulation" than a "brain drain," with "potential benefit to both the United States and these emerging economies," since most of the entrepreneurs who moved back maintained strong ties with the United States. The survey states, "We have seen this positive dynamic at work in the relationships between entrepreneurs and institutions in Taiwan and Israel and Silicon Valley: Each benefits from participation in the decentralized, cross-regional collaborations that support innovation in today's global economy."
The study also issued a warning: "This is a lesson the United States can learn from China and India: Regions that support entrepreneurial experimentation will remain important nodes in today's global economy. Since individual entrepreneurs lack the incentive or the ability to preserve the wider economic environment, when competitive conditions change they can either move to where the 'grass' is greener or work with the public sector to ensure that it encourages future generations of entrepreneurs."
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Comments (Page 1 of 2)
America is the highest tax country in the world and Americans pay for the military to police the planet.... Those two costs alone are enough to prove that going to another country is a solid business move... Coke and Caterpillar aren't mom and pop general store. They are the best run companies on the planet and are outsourcing, so that should tell you something
Absolutely!!! If dumb American can become reality stars over night for a lack of tallent, such as the Jersey Shore cast, and Kim Kardashian self-produced porn flick, then anyone can still become succesful. For Jersey Shore and KK, I say that losely. However, for the rest of us hard working and dream driven individuals, that won't resort to selling off one's own sole, we too still can achieve the true American dream. Just be honest, hard working, and dilligent; and do ever let anyone tell you, you can't make it.
opportunity to serve the banksters
Well your just plain stupid!
What world are you living in ??? We are on our way to socalism and bankrupsy open your eyes and look at where we are headed
We have it better now under Obama than anytime in our lives.We know
how hard working Americans need inflation under control.The Conservatives
who want to end Medicare realize what a remarkable program it is that really benefits seniors like us.So start hiring employees for your small
business because the economic forecast is in the black.
what planet do you live on? gasoline approaching $5/gal. 15% under and unemployment.pensions and medical care being stripped away.even government workers are taking pay cuts or losing thier jobs. our infrastrucure failing. major companies moving overseas.we are now net importers of food instead of exporters. a billion dollars a day thrown away on wars in asia,africa and the middle east(i still don't know what we are fighting for,and how we will know when we have "won" and just what is it we will win) this country is rapidly descending into third world conditions in more ways than one.88 baby
It is if your not an american.
Since the Democrates took over nearly 4 years ago with Pusslosi at the helm, then add Obama with his ajenda, we have what we've got now. Total destruction. Our country is becoming weaker and weaker and us little people can't due a damn thing about it. Make no mistake, Obama was groomed to do exactly what he is doing and that's to weaken America for a take over. He's doing a good job where that's concerned.
...the weakening of American began many, many moons ago! President Obama was not the catalyst nor the initiator of the "weakening of America." Dig a little deeper, for the origins of the "weakening of America!" Start, why don't you with a book entitled: "The Deliberate Dumbing of America"...by Charlotte Thomson Isobyte.
We no longer live in a democracy or even a Constitutional Republic. We live in a plutocracy. As such all opportunity has shut down for anyone who is not already wealthy and the upper 20% aim to keep it that way. Americans are being forced into a third world labor pool by craven corporate interests who have no loyalty to this country or its people. Sooner or later, the American people will wake up and realize that the political elite and the corporate elite have turned on them and act accordingly. FIRE THEM ALL. It will be gratifying to see the stock holders of companies look at the CEOs and require of them the same return on investment that they demand of the workers. As long as NAFTA and the other FTAs are in place, as long as multinationals are allowed to pay ZERO taxes, as long as illegal labor is imported and permanent stable good paying jobs are exported and as long as the American people are viewed by corporations as disposable, we do not live in a land of opportunity for the American people. The system is broken for those who work for a living.
and why stupid?
NOT WITH OBAMA CREATING RAMPENT INFLATION!!!!!
YEP, IT IS OUR GOVERNMENT THAT IS CAUSING THE INFLATION BY PRINTNIG MONEY FASTER THAN THEY CAN SPEND IT. VOTE THEM ALL OUT!!!!!
What a load of crap. The propaganda that is spewd by some Americans to down play the benefits of universal health care is absurd. Twenty four - thirty months to see a specialists, thanks for the laugh. We visit our GP so that they may properly direct us to the proper specialist, otherwise hypochondriacs and those who self diagnosis would flood the system, in addition the checks and balances mean you don't get unnecessary treatment. I fell down the stairs three months ago and didn't go see a doctor, after two months my shoulder was still sore and stiff, so I went to my GP. I got a requisition for an x-ray, went to the clinic (that day) and was out within an hour, there was a shadow, so three weeks (WEEKS not MONTHS) I had a bone scan (waited 15 minutes in the waiting room), a week later I was in physiotherapy (longest wait, ten minutes in waiting room), was called back into my GP who was concerned that the swelling may cause calcification and wrote me a prescription. Except for the $40 prescription and $5 in parking, All free. If I had broken my shoulder I would have gone straight to emergency and my x-ray would have been immediate, unless there was a flood of heart attacks, strokes, or other serious life threatening injuries. Just like in American hospitals the most serious get through emergency first. Some of these ridiculous wait times are because people who have a runny nose, choose to go to emergency because it may take a couple of days to get into your GP, so they're going to wait. I'll admit there have been times where I waited in emergency for up to four hours, but you are preassessed by an emergency room nurse who prioritizes the patients and I was low priority, this has only happened a couple of times and that is including visits with my kids, on one occasion they told us they had two heart attack patients and non emergency patients should see the doctor on call at one of the medical clinics. I should add that this was at a community clinic (it's like a mini hospital), not the city hospital. Why do some Canadians go to the US for treatment: 1. There are a shortage of some specialists in Canada (small population) so some of these patients are routed to the US, and Health Canada will reimburse 2. If Health Canada has not sanctioned a treatment, it is not covered, ie experimental treatments with little to no data to support its validity, 3. Cosmetic surgery, and 4. Wealthy Canadians may want to have some procedures performed sooner, ie MRI, knee or hip replacement, as that may take up to a year, for the least serious cases. But like I said the most severe get in almost immediately. So it is the best of both worlds, if you don't want to wait you can go elsewhere and pay, if you can't afford to pay it gets done for free. There are always exceptions to the rule and I suspect some wait times are exagerated by whiners, or the community looses a specialist that can cause a back log, or there is a shortage of a radioactive isotope required for a bone scan or MRI, because, let's say the CANDU reactor in Ontario that supplies the isotope had an emergency shut down, so only the most urgent patients received these treatments. This problem wasn't confined to Canada it was global and most commonly you may get bumped by a cancer patient. This happened twice to a friend of mine but I would hope someone would give up their slot for a cancer patient. If there is evidence of cancer your in the next morning. I've never paid $40 for a box of kleenex and while in hospital my meds are free, including treatments like chemotherapy. So please get your facts straight before shooting off your mouth.
As one with several passports, and visit Canada and Europe often, I can tell you that other Countries
think we are stupid and we do not have a clue what a bad shape we are in. Why did the UK totally
ignore obama's invitation to Prince Williams wedding. Why do Canadians come here for medical help. Like them and Europe we will be waiting 18-24 moths to get a MRI They cannot go direct to a
specialist-they must have their reegular Dr set it up and another 24-30 months I live in Ohio and was just turned down here for a MRI..Our Socialized medicaine BS said nobama maintains I must
be under Dr's care daily for 14 days Why are more Dr's not taking Medicare patients anymore.?
My VA Dr here gave up a good practice becasue he would no longer wait 4 months for his Govt check
and after discounts he lost money . In 2012 nobama MUST GO while we still have a country
America is the land of rules and regulations. The EPA, the Endangered Species Act, the Marine mammal protection act, Drilling moratoriums, licensing, insurance, taxes, etc., etc. You can debate the merits of these and other anti-business items but what can't be debated is that they inhibit start-ups and strangle opportunity compared to other countries. Ford would not have been allowed to invent the internal combustion engine, nor Edison the light bulb in today's America.
ONLY the government can create inflation...
Dana...no taxes? what services don't you want...you are probably the first in line for public schools, or city services (subsidized water, sewer, street services, police, etc). I guess it is the "in" buzz word to say but seems none of the tea baggers or right wing have any answers...come up with some fiscally responsible solution and come back and talk...this time out of the other end of your body
All Americans should stand together and not pay any more taxes period!!