Here is pdf of this study. Excerpt: "Our previous research showed that immigrants were CEOs or lead technologists in one of every four tech and engineering companies started in the United States from 1995 to 2005 and in 52 percent of Silicon Valley startups. These immigrant-founded companies employed 450,000 workers and generated $52 billion in revenue in 2006." and "Returnees cited career and quality of life as the main 63.2 percent of Indian respondents said that the emotional growth of children was better in their home country." U.S. public schools (and private schools) are a key problem for high-skills immigrants from India...
New York Times post that discusses this study.
A Service to the Economy: Removing Barriers to "Invisible Trade"
by Sallie James, Feb 4, 2009.
Restricting international trade in services would hurt the U.S. more than most economies. Excerpt: "Although they are part of a large and growing segment of world trade—and a prominent feature in healthy, vibrant economies—services are often overlooked in trade negotiations in favor of higher-profile trade in agriculture and manufactured goods. Yet countries with more open services markets benefit from higher growth rates and living standards. Because services are an input to most other sectors of the economy, the benefits from open and competitive markets are pervasive. Indeed, the gains from lowering remaining trade barriers in services would eclipse the gains from trade liberalization in agriculture and manufacturing. The recently derailed Doha round of global trade talks seem to have put globally coordinated efforts towards liberalizing services trade on the back burner for the foreseeable future."
Slumdog Thousandaire video on Reason.tv
Page also includes discussion of economic ideas. Excerpt: "Indians were enthusiastic about self-rule, but "the problem was that the Indian political leaders had this very Fabian Socialist idea," says Shikha Dalmia, a senior analyst at Reason Foundation and native of India. "And that completely thwarted the entrepreneurship of the country." and, "Since the early 1990s, India has cut its poverty rate in half. About 300 million Indians-equivalent to the population of the entire United States-escaped the hunger and deprivation of extreme poverty thanks to pro-market reforms that increased economic activity."
"Why do U.S. multinational companies establish affiliates abroad and hire foreign workers? What kind of tax breaks are they receiving? And should the new Congress and new president change U.S. law to make it more difficult for U.S. multinational corporations to produce goods and services in foreign countries?" Full study here.
"Contrary to popular myth, U.S. multinational companies do not use their foreign operations as an "export platform" back to the United States. Close to 90 percent of the goods and services produced by U.S.-owned affiliates abroad are sold to customers either in the host country or exported to consumers in third countries outside the United States. Even in Mexico and China, where low-wage workers are supposedly too poor to buy American products, more than half of the products of new and existing U.S. affiliates are sold in their domestic markets, whereas customers in the United States account for only 17 percent of sales." Full study here.
2009 Index of Economic Freedom: "India's economic freedom score is 54.4, making its economy the 123rd freest in the 2009 Index. Its score is only 0.3 point higher than last year because improvements in financial freedom, government size, and business freedom were offset by significant decreases in investment freedom and labor freedom. India is ranked 25th out of 41 countries in the Asia'Pacific region, and its overall score is below the world average."
December 3, 2008 study by Swaminathan Aiyar: "In contrast to the rest of India, where it is the government that predominantly owns and manages ports, the Indian state of Gujarat has implemented various forms of port liberalization since the 1990s....Gujarat has broken new ground with different forms of privatization, ranging from private provision of port services to completely private ownership of new ports." U.S. policy should encourage private infrastructure development in India. Full text of study here.
"Sustaining India's Growth Miracle is a valuable resource for practitioners, policymakers, students, and scholars. It tackles issues from political, economic, and academic perspectives, and the concluding chapter, a talk given by the commerce and industry minister of India, discusses the country's position as a world power, outlining several reasons for its success and exploring the difficulties that lie ahead." Notes on this Columbia Univ. Press. here (published Jan. 2008)
"India is a center for drug counterfeiting—a profitable and deadly business that is spreading to the United States and Europe." The American, May/June 2008.
Click here for full article in Silicone India.
• India Lets Success Happen
by Swaminathan S. Anklesaria Aiyar
This article appeared in the American Spectator (Online) on July 1, 2008.
• New Delhi's Food Failure
by Swaminathan S. Anklesaria Aiyar
This article appeared in The Wall Street Journal Asia on April 28, 2008.