Business Standard

Friday, December 27, 2024 | 12:05 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

The US and UK should be welcoming foreign talent, not driving it away

The US and UK are threatening their long-term prospects with foolish policy

Photo: Bloomberg
Premium

(Photo: Bloomberg)

Mihir Sharma | Bloomberg
 United States and United Kingdom each hope their technological sophistication and competitiveness in advanced sectors will secure their position in the 21st century. Their governments have set aside billions they can ill afford for industrial policy meant to give these sectors an edge; the US is even risking conflict with harsh export controls aimed at preventing China from catching up.
 
Yet both countries are also threatening their long-term prospects with foolish policy. Specifically, their inability to enact sensible immigration reforms means that the sectors they rely on to power their growth -- from tech to higher education -- may well

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in