Reversing the Foreign Brain Drain-3

As most people may not know that the Silicon Valley in California is home to many immigrants who came here and innovated and became extremely successful in what they created. The in-depth capital markets and ready access to available investors who were willing to take risks on unproved idea has attracted many of these talented inventors. Still right now if somebody has an idea and they want funding for it, they try to raise funds in the U.S. since this is where the action is right now. We don’t want to finish this action. Although I can understand the security issues that has crept up due to the September 11, 2001 events but does this have to mean that we will close our doors to talented people.

The world has changed and we can longer claim to be the land of opportunity when other developing countries are attracting more talent than us. Remember we don’t have the monopoly on talent; the biggest advantage that we have is the environment where we can harness the talents of these foreign graduates (in addition to ours). Less than 20 years ago we did not had any competition regarding where talented people wanted to go but now the same people have the opportunity to go home and have more satisfying standard of living among friends and family.

We need to make sure that we keep most of the graduates who come here to study and then when they want to stay face enormous hurdles in getting their permanent residency