Immigration and Economic Competitiveness

In this analysis, Richard Florida finds that nations that are more friendly to immigrants have better economic competitiveness.

"Immigrants are, in fact, key to economic growth and development, especially in our high-tech industries. Immigrants "have started 52% of Silicon Valley's technology companies and contributed to more than 25% of our global patents, according to Vivek Wadhwa, who has extensively studied the subject. "They make up 24% of the U.S. science and engineering workforce holding bachelor's degrees and 47% of science and engineering workers who have Ph.Ds." This is what venture capitalist John Doerr was talking about when he told an interviewer at the Web 2.0 Summit that America should "staple a green card to the diploma" of any immigrant who gets a degree in engineering."