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Flight Capital: The Alarming Exodus of America's Best and Brightest

David Heenan

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ISBN 10: 0891062025 / ISBN 13: 9780891062028
Published by Nicholas Brealey Publishing, 2005
Used Condition: Collectible: Like New Hardcover
From Taos Books (Santa Fe, NM, U.S.A.)

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Inscribed by author on first page in black felt tip and signed by author first name only (Dave), text new looking, dj shows very light edge wear, Fine/Very Good condition, 1st print. Bookseller Inventory # 29531

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Bibliographic Details

Title: Flight Capital: The Alarming Exodus of ...

Publisher: Nicholas Brealey Publishing

Publication Date: 2005

Binding: Hardcover

Book Condition:Collectible: Like New

Signed: Signed

Edition: First Edition.

About this title

Synopsis:

The best and brightest in America are returning to their homelands in record numbers-and with them is going U.S. technological and economic preeminence. In Flight Capital, we explore this exodus through the personal stories of dozens of successful, foreign-born professionals who are leaving America for opportunities in their native lands. Drawing on their experiences, Heenan analyzes the economic, cultural, and political factors that are driving this flight, as well as the initiatives that countries are using to attract top talent.

From the Publisher:

There's no place like home. At least that's what U.S. immigrants seem to think.

America's foreign-born superstars are hotfooting it back to their motherland--and in alarming numbers of up to 1,000 per day. What's worse, they're among the best and brightest in science and technology--the kind of immigrant brainpower that gives rise to the likes of Google, Yahoo, and eBay and propels today's innovation economy.

So, where are they going? And why? And what does such a "reverse brain drain" mean for America's future?

David Heenan, a leading expert on globalization, spent five years crisscrossing the globe--traveling to eight countries on three continents--to unearth the answers.

From Iceland to India, Heenan sat down for one-on-one interviews with more than 100 top-flight repatriates--many of them world-class thinkers in science and technology--along with dozens of foreign-based government and business leaders who are spearheading some bold initiatives to lure talent away from the United States.

Each of the repatriates' personal stories is uniquely their own. What they share, however, is a desire to use their American-earned experiences to benefit their homeland. The bottom line for the U.S., says Heenan: A wrenching talent gap, as America moves from importer of innovators to net exporter of human capital.

What to do? The answers do not require a dramatic reversal of America's present course, says Heenan. They do, however, call for a series of innovative reforms--from revamping immigration policies to overhauling public education--that U.S. leaders from government, business, and academia must wake up to before it's too late.

For starters, Heenan proposes a 12-step action plan for attracting and retaining more immigrant brainpower--starting with "know thy competition"--while boosting the strength of America's native sons and daughters.

Other insights and ideas that Heenan offers in FLIGHT CAPITAL are:

* Why globalization is a good servant, but a bad master--and what U.S. companies can do to make it work for them * Why it's impossible to accurately measure the reverse brain drain (and why America must assume the worst) * The converging factors of outmigration--political, cultural, economic, and technological * How China, India, and other nations are enticing emigrants home--offering significant tax breaks, unprecendented venture capital funding, and more * How "nanonations" such as Iceland and Singapore are competing to win * Why the current exodus extends well beyond the ranks of the immigrants themselves * Why repatriates' ties to America don't stick--and what the U.S. can do about it * How post-9/11 immigration restrictions are widening America's talent gap * Why the U.S. must celebrate and fund science and technology--or risk falling further behind * Why the right attitude is neither dark pessimism nor wild optimism--but sober realism

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