Foreign national students in U.S. prefer to return back

Source: siliconindia
The reduction in hiring foreign national students in U.S. firms would prove detrimental to the American economy, as the country will witness more talented immigrant students return to their home countries. According to a study's findings, very few foreign students would like to stay in the U.S. permanently, which will comprise of only six percent of Indian, 10 percent of Chinese and 15 percent of Europeans.

The key impetus being that they will not be able to find a job, 74 percent of Chinese students and 86 percent of Indian students feel the best days lie ahead in their home country's economy. Earlier, 92 percent for Chinese students and 85 percent for Indian students had a five-year minimum stay in U.S. "Foreign students receive nearly 60 percent of all engineering doctorates and more than half of all mathematics, computer sciences, physics and economics doctorates awarded in the U.S. These foreign nationals end up making jobs, not taking jobs," said Vivek Wadhwa, Duke University professor and Harvard researcher.

The study conducted by Wadhwa titled 'Losing the World's Best and Brightest: America's New Immigrant Entrepreneurs', surveyed 1,224 foreign nationals currently studying in U.S. institutions of higher learning or who had graduated by the end of the 2008 academic school year. "Policymakers are misguided if they believe these talented next-generation entrepreneurs and innovators threaten U.S. jobs.

They in fact offer the promise of more jobs by building successful, high-growth companies, either in their own businesses or those for which they work," said Robert E. Litan, Vice President of Research and Policy at the Kauffman Foundation. The researchers believe continued loss of these talented individuals and their ability to start companies and create patents will reduce U.S. competitiveness. In the near term, entrepreneurs starting new companies will likely provide a much greater boost to the U.S. economy than government bailouts to banks.