For centuries, the brain drain has worked in our favor. The United States has always attracted talented immigrants who created wealth and intellectual capital for their adopted nation.
Today, more than half of the Ph.D.s working here are foreign born; so are nearly half the physicists, computer scientists, and mathematicians. Immigrant brainpower has never shone brighter. There’s just one problem: Now it’s going home.
Flight Capital is the first comprehensive study of why the best and brightest in America are leaving, and what it means for the future. Analyzing the global battle for top talent, David Heenan finds that, from Iceland to India, countries are pursuing bold initiatives to lure knowledge workers away from the United States. And post-9/11 immigration restrictions have seriously affected our ability to replace them.
David Heenan, a former senior executive with Citigroup and Jardine Matheson, is a trustee for the Estate of James Campbell, one of the nation’s largest landowners. He has taught at the Wharton School, the Columbia Graduate School of Business, and the University of Hawaii.