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The question of what to do about illegal immigrants stokes enough emotion and controversy to silence civil discussion.
Lost in the contentious debate over immigration reform, tragically, has been the impact of legal immigrants and their remarkable success in the New Economy. The companies founded by immigrants stand as icons of the era: Google, Intel, Yahoo, Hotmail, Sun Microsystems, YouTube and eBay.
And those are just the superstars. From university laboratories to urban neighborhoods, from Silicon Valley to the Rust Belt, immigrants are playing key roles as innovators and job creators. Consider that:
Today’s immigrants are nearly twice as likely as non-immigrants to launch a business.
Immigrant founders are behind more than half of the high-tech start-ups in Silicon Valley.
Immigrants have become more likely than native-born Americans to earn an advanced degree, to invent something and to be awarded a U.S. patent.
Do they have a secret?
It’s a culture, actually. A culture of entrepreneurship that stems from education, thrift, family loyalty and ambition.
Many of today’s immigrants arrive ready-made to perform in a knowledge-based, global economy.
They are world-class strivers who drop into capitalist America like seeds into the good earth. And they bloom here, creating businesses and jobs at astonishing rates.
Cleveland Authors Richard T. Herman and Robert L. Smith call this culture Immigrants Inc. Their groundbreaking work explains how immigrants have become America’s competitive advantage in a global economy and the perils of losing that advantage, especially as the nation seeks to pull out of a great recession.
With personal stories of immigrant journeys, the authors reveal the passions motivating America’s immigrant achievers, their success strategies, and their power to revive communities and create new industries.
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