Vivek Wadhwa on the Reverse Brain Drain

Here’s an interesting interview in The Atlantic with Indian-American entrepreneur Vivek Wadhwa. He talks about why America’s immigration policy is hurting the country’s chances for growth, and is conversely benefiting entrepreneurship in emerging markets overseas.

[…] Silicon Valley immigrant-founded entrepreneurship proportion has dropped from 50 percent to 44 percent, that’s a huge drop within the last seven years or so. […] If you look at Brazil or China or India, the economies are booming, entrepreneurs see better opportunities back home.

If you took the risk of leaving a country, let’s say India and China, you would be a risk taker. […] They work extremely hard, they take risks, and they bet it all on entrepreneurial success.

Thanks to Jeffrey Char for pointing out this piece.