Skilled Immigrants Generate Economic Growth
The predominantly asked question in the study of immigration is; whether immigration generates economic growth in the host country by virtue of approving overseas professionals and including them in the economy as immigrants. Researchers have deliberated and stated that immigrants can have a net positive impact on the economic growth by contributing specific, scarce skills; by lowering the average age of the workforce; by contributing to innovation; and by simply increasing the scale and scope of the workforce. In addition, immigrant entrepreneurs have the potential to make direct contributions by starting new businesses or expanding prevalent businesses of their home countries from where they migrate. Indeed, if entrepreneurial talent is a scarce resource, then the inclusion in an immigrant inflow of (eventually) successful entrepreneurs may be necessary for that inflow to have a positive effect on intensive—as opposed to extensive—economic growth bringing about a positive impact on the host country’s economy. The hope that immigrant entrepreneurs can have this impact has led many host countries to develop policies that are aimed at attracting immigrant entrepreneurs and professionals.