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Chinese technology firm Inspur showcases its wares at the Fourth China Cloud Computing
Conference, which took place May 2012 in Beijing. Tech firms growing presence in China
are spurring new efforts by the Chinese government to recruit tech-savvy Chinese expatriates from overseas.
November-December 2012
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rum found that more Indian immigrants were moving back to India
than were moving to the United
States. A separate Kauffman Foundation study, Losing the Worlds Best and
Brightest (2009), surveyed more than
1,200 foreign nationals attending
U.S. colleges and universities and
found that 60% of Indian students
and 90% of Chinese students believed that stronger economic opportunities awaited them in their home
countries rather than in the United
States.
You have the cream of the crop
coming over here getting educated,
getting experience over here, and
suddenly they become much more
marketable and can do (just) as well
anywhere else, concludes Vivek
Wadhwa, the studys lead author.
Over the last 20 years, an estimated 150,000 highly skilled immigrants have returned to India and
China, says Wadhwa. About 135,000
Chinese students left the United
States in 2010 and returned home,
according to the Chinese Ministry of
Girls in a West Bengal, India, village demonstrate their computer-savviness. India has a
surging population of youth who are, or will soon be looking for, new jobs in technology,
according to Ed Gordon, who cautions that the country must urgently improve its education
system and technology infrastructures if it is to find employment for them and continue to
grow economically.
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THE FUTURIST
November-December 2012
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to form partnerships focused on developing the skills and education reAbout the Author
quired for employment in a twentyEdward E. Gordon is president of Imperial Consulting
first-century global economy. We
in Chicago. His most recent
must act now before it is too late.
Improving Prospects for
GlobalProsperity
The success of the United States,
China, and India, as economic
powerhouses, matters to the world.
As Wall Street Journal economics editor David Wessel put it, Its clear
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November-December 2012
47