A decade in preparation, Immigrant Entrepreneurs offers the most comprehensive case study ever completed of the causes and consequences of immigrant business ownership. Koreans are the most entrepreneurial of America's new immigrants. By the mid-1970s Americans had already become aware that Korean immigrants were opening, buying, and operating numerous business enterprises in major cities. When Koreans flourished in small business, Americans wanted to know how immigrants could find lucrative business opportunities where native-born Americans could not. Somewhat later, when Korean-black conflicts surfaced in a number of cities, Americans also began to fear the implications for intergroup relations of immigrant entrepreneurs who start in the middle rather than at the bottom of the social and economic hierarchy. Nowhere was immigrant enterprise more obvious or impressive than in Los Angeles, the world's largest Korean settlement outside of Korea and America's premier city of small business. Analyzing both the short-run and the long-run causes of Korean entrepreneurship, the authors explain why the Koreans could find, acquire, and operate small business firms more easily than could native-born residents. They also provide a context for distinguishing clashes of culture and clashes of interest which cause black-Korean tensions in cities, and for framing effective policies to minimize the tensions.

A 2012 ECONOMIST BOOK OF THE YEAR Many of the United States' most innovative entrepreneurs have been immigrants, from Andrew Carnegie, Alexander Graham Bell, and Charles Pfizer to Sergey Brin, Vinod Khosla, and Elon Musk. Nearly half of Fortune 500 companies and one-quarter of all new small businesses were founded by immigrants, generating trillions of dollars annually, employing millions of workers, and helping establish the United States as the most entrepreneurial, technologically advanced society on earth. Now, Vivek Wadhwa, an immigrant tech entrepreneur turned academic with appointments at Duke, Stanford, Emory, and Singularity Universities, draws on his new Kauffman Foundation research to show that the United States is in the midst of an unprecedented halt in high-growth, immigrant-founded start-ups. He argues that increased competition from countries like China and India and US immigration policies are leaving some of the most educated and talented entrepreneurial immigrants with no choice but to take their innovation elsewhere. The consequences to our economy are dire; our multi-trillion dollar loss will be the gain of our global competitors. With his signature fearlessness and clarity, Wadhwa offers a concise framework for understanding the Immigrant Exodus and offers a recipe for reversal and rapid recovery.

The number of immigrants in the US science, technology, engineering, and mathematics (STEM) workforce and among recipients of advanced STEM degrees at US universities has increased in recent decades. In light of the current public debate about immigration, there is a need for evidence on the economic impacts of immigrants on the STEM workforce and on innovation. Using new data and state-of-the-art empirical methods, this volume examines various aspects of the relationships between immigration, innovation, and entrepreneurship, including the effects of changes in the number of immigrants and their skill composition on the rate of innovation; the relationship between high-skilled immigration and entrepreneurship; and the differences between immigrant and native entrepreneurs. It presents new evidence on the postgraduation migration patterns of STEM doctoral recipients, in particular the likelihood these graduates will return to their home country. This volume also examines the role of the US higher education system and of US visa policy in attracting foreign students for graduate study and retaining them after graduation.

Many nations invite foreigners to work within their borders, but few welcome them. Those countries that do receive a torrent of immigrants create pressures that analysts expect to intensify as population growth and social unrest mount in the less developed countries of the world. Immigration and Entrepreneurship, now in paperback, offers a comparative analysis of worldwide immigration issues while focusing more specifically on the emerging influence of entrepreneurship as a potent factor in the economic and social integration of immigrants.In linking the common immigrant and settler experiences with the upsurge in self-employment, the contributors to this volume use California as their base of comparison. The state has both a huge and varied immigrant population and an entrepreneurial economy that has facilitated the formation of immigrant-owned firms. The Los Angeles riots of the nineties indicated the volatility of the mix. Aided by ethnic and familial networks, such firms have served as a route of economic advancement.Immigration and Entrepreneurship offers a comparative perspective unique in the literature of immigration by broaching the topic from both global and local perspectives. Whereas most studies examine the experience of a single group or groups in a particular destination economy, this volume emphasizes variations in the way different nations receive immigrants as causes of differences in immigrant behavior. Among the innovative themes discussed by a range of international scholars are the entrepreneurial efforts and tensions in the garment industry in Los Angeles, Paris, and Berlin; Koreans' enterprise and identities in Los Angeles and Japan; and U.S. immigration policies. The result is a genuinely global methodology.

A third of the world's entrepreneurial activity is driven by women. With the mass movement of people now commonplace, the role of female entrepreneurs in immigrant communities has become an increasingly important component of the world economy, its productivity, and the struggle against poverty. Throwing light on the dynamics of entrepreneurship generally, and on immigrant and female entrepreneurship in particular, the global Female Immigrant Entrepreneurship (FIE) project is a huge and exciting research undertaking. Written by the project's team of researchers based in prestigious business schools and universities on almost every continent, this important book begins the process of discovering why and how female driven business start-ups often seem to spontaneously emerge in adverse environments. Is it randomness, luck, or chance that determine success or failure, or vital critical forces and the inherent qualities of the women involved? The research emerging from the FIE project points to answers to questions about the integration of immigrant communities, their interaction with host economic and business environments, and the role of women in that interaction. With findings from more than fifteen countries, from the USA with some of the world's oldest and largest immigrant communities, to African countries that are the newest destination for Asian migrants, this book will help inform social and economic policy in communities and countries searching for prosperity. More than that, the book offers policy makers, business leaders, and those concerned with business development the chance to uncover some of the mystery around the complex phenomenon of entrepreneurship itself.