Economics of Immigration

The United States possesses a number of competitive assets in the global war for talent: most notably, its huge and flexible labor market and an abundance of leading-edge multinational corporations and world-class universities. However, the United States also faces growing competition in the global labor market from other countries within the Organization for Economic Cooperation and Development (OECD), as well as from the expanding economic opportunities available in the home countries of Indian and Chinese professionals who constitute a vital talent pool for U.S. high-tech companies.

Benjamin Johnson, Director of the Immigration Policy Center, discusses the futility of an enforcement-only approach to immigration reform and the need for a more comprehensive strategy to deal with the problem of undocumented immigration. In this new "Perspective," he argues that immigration cannot be treated simply as a law-enforcement issue. Rather, the United States must begin managing immigration as a national resource.

Remittances – money immigrants and foreign workers send abroad to their families – exert a key positive influence on the global economy, concludes a new report by the World Bank. The report carries implications for everything from U.S. policies on temporary workers to international development assistance.