The global race for talent is on, with countries and businesses competing for the best and brightest. Talented individuals migrate much more frequently than the general population, and the United States has received exceptional inflows of human capital. This foreign talent has transformed U. S. science and engineering, reshaped the economy, and influenced society at large. But America is bogged down in thorny debates on immigration policy, and the world around the United States is rapidly catching up, especially China and India. The future is quite uncertain, and the global talent puzzle deserves close examination. To do this, William R. Kerr uniquely combines insights and lessons from business practice, government policy, and individual decision making. Examining popular ideas that have taken hold and synthesizing rigorous research across fields such as entrepreneurship and innovation, regional advantage, and economic policy, Kerr gives voice to data and ideas that should drive the next wave of policy and business practice. The Gift of Global Talent deftly transports readers from joyous celebrations at the Nobel Prize ceremony to angry airport protests against the Trump administration's travel ban. It explores why talented migration drives the knowledge economy, describes how universities and firms govern skilled admissions, explains the controversies of the H-1B visa used by firms like Google and Apple, and discusses the economic inequalities and superstar firms that global talent flows produce. The United States has been the steward of a global gift, and this book explains the huge leadership decision it now faces and how it can become even more competitive for attracting tomorrow's talent.
"If immigration is to provide sizable economic gains to a receiving country, the place to look is high-skill. William Kerr gives a comprehensive and objective summary of what we know about its economic impact. The book is an invaluable resource."
George J. Borjas,Harvard Kennedy School, and author of We Wanted Workers
"This book is brilliant, lucid, and timely. William Kerr understands the value of talent, and demonstrates a wealth of it himself in his exploration of why and how smart people migrate and cluster. A must-read for anyone who wants to understand this crucial topic."
Robert Guest, Foreign Editor of The Economist, and author of Borderless Economics
"If you want to understand why Boston and Silicon Valley have created such vibrant ecosystems, read this book! All of the best and brightest don't work in the U.S., and we should do everything we can to attract and keep that talent. This is the fuel for future generations of startups."
