Even with the challenges created by the culture in Washington DC against non-European foreigners the last 15 years Silicon Valley continues to prosper due to the talents of a pool of global science and engineering talent. Other countries continue to fumble the opportunity provided by the USA’s policies (largely a combination of security theater thinking and a lack of scientific literacy); and the strength of Silicon Valley’s ecosystem has proven resilient.
The Kauffman foundation’s recent study America’s New Immigrant Entrepreneurs: Then and Now shows evidence the anti-global culture in Washington DC is negatively impacting the economy in the USA.
The Immigrant Exodus: Why America Is Losing the Global Race to Capture Entrepreneurial Talent, draws on the research to show that the United States is in the midst of a historically unprecedented halt in high-growth, immigrant-founded startups.
… launched a website — ImmigrantExodus.com — as a resource for journalists and a voice for immigrant entrepreneurs.
As I have written for years, I expected the USA’s relative position to decline. The huge advantages we had were not sustainable. But the very bad policies of the last 15 years have negatively impacted the USA. The only thing not making the results much worse is no strong competitors have stepped into the void created by the policies of the last 2 USA administrations. It isn’t easy to create a strong alternative for technology startups but the economic value of doing so is huge.
The USA has created the opportunity for others to grow much faster, now some just have to step into the void. Will Brazil, Norway, Korea, Chile, Malaysia, Finland, New Zealand, Singapore, Germany, India… step up and create conditions for entrepreneurial scientists and engineers? Each country has been doing some good things but also continue to miss many opportunities. Some countries also have more challenges to overcome – it is much easier if the economy is already rich (say in top 20 in the world), speaks English, has a strong science and technology workforce… The innovation stiffing legal system in place in the USA is absolutely horrible and presents a huge opportunity to anyone willing to stand up to the USA’s continuing pressure to force countries to burden themselves with equally bad (or even worse) policies (such as the Trans-Pacific Partnership). It is possible to succeed with numerous weaknesses it just requires even more offsetting benefits to attract technology entrepreneurs.
Some things are probably absolutely required: rule of law, strong technology infrastructure (internet, etc.), good transportation links internationally, stable politically, freedom of expression (technology entrepreneurs expect to be able to try and say crazy things if you want to control what people say and publish that is very counter to the technology entrepreneurial spirit – especially around internet technology)…