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

Published by Davies-Black

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For centuries, the brain drain has worked in our favor. The United States has always attracted talented immigrants who created wealth and intellectual capital for their adopted nation. Today, more than half of the Ph.D.s working here are foreign born; so are nearly half the physicists, computer scientists, and mathematicians. Immigrant brainpower has never shone brighter. There's just one problem: Now it's going home.

Flight Capital is the first comprehensive study of why the best and brightest in America are leaving, and what it means for the future. Analyzing the global battle for top talent, David Heenan finds that, from Iceland to India, countries are pursuing bold initiatives to lure knowledge workers away from the United States. And post-9/11 immigration restrictions have seriously affected our ability to replace them.

Heenan brings the issue to life with the personal stories of highly successful professionals who have left the United States for their native lands of China, Singapore, Ireland, Israel, Taiwan, and Mexico, among others. He skillfully explores the diverse factors -- including economic opportunity, cultural values, technological globalization, and 9/11 fallout -- that are converging to send the brain drain spiraling into reverse.

If this exodus continues, America's technological and scientific preeminence and its economic strength will be in jeopardy. We have two choices: cultivate homegrown talent or staunch the flow. Heenan identifies a dozen actions the United States can take to meet both challenges. Timely and compelling, Flight Capital is a wake-up call for everyone who cares about America's future place within the global community.

pub date: 2005-10-25 | hardcover | 9780891062028