Tuesday, June 7, 2011

The Diasporas Come Home

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Written by Neeta Lal
FRIDAY, 27 MAY 2011

Returning skilled workers to China and India are a boon to their home countries, a loss to the US

The brain drain that has fed skilled immigrants into the US economy for decades is now reversing to the long-term benefit of India and China, according to a survey of hundreds of professionals returning to their native lands to launch businesses.

The study, titled "The Grass is Indeed Greener in India and China for Returnee Entrepreneurs," quantifies what had been expected from the dual blows of overly -stringent US immigration policies in the wake of the 9/11 bombings and the 2008-2009 global financial crisis. Conducted by the Kansas-based Ewing Marion Kauffman Foundation in association with Harvard University, the study estimates that 150,000 professionals have returned to India and China each over the past two decades, with the numbers expected to grow.

The respondents cited "economic opportunities and favorable conditions for starting a business back home and the speed of professional growth" as the leading motivations for returning home. Family ties also played a significant role in the decision of the returnees.