| |JUL-AUG 20198Consultants ReviewIMMIGRATION ENTREPRENEURSHIP: DRIVING FORCE OF A NATION'S ECONOMYGarnering about nearly Seven years of experience in Global Mobility and Immigration, Rajani at present is working as Expat and Immigration Specialist - AlstomBy Rajani Padisiri, Immigration Specialist, Dell EMCmmigration is the international movement of people to a country, in which they are not na-tives or do not own citizenship, especially as permanent residents or established citizens. As per economic perspective, immigration is ben-eficial both to the receiving and sending countries; im-migration on an average has positive economic effects. As we know that immigrants unusually tend to be en-trepreneurial; they might be within the group of busi-ness founders or innovators. In today's world, Immigrant entrepreneurs greatly contribute to economic develop-ment and innovation across the globe; by providing job growth and creating new business opportunities not only for Immigrants but also for Citizens. Immigrants as En-trepreneurs has many advanced economies, especially metro cities have developed a more cosmopolitan stance. Immigrants represent the complex process of global-ization in a tangible way. It is common that some start businesses in their own countries, being self-employed, and expand in other countries, as an `immigrant entre-preneurs.' By becoming self-employed in a foreign country, immigrants play a different role.Today's globalization has not devel-oped on its own, but rather through a set of interlinked powers. The econom-ic openness, never-ending ambition by firms/self-employed individuals and market-seeking efforts, the growth of labor migration and technological im-provements have all played a role in globalizing the human capital deployment. Considering these factors and their underlying drivers is critical not only to the current global workforce but also its future path. According to the Small Business Administration-commission, business ownership rate is higher for immi-grants than the native-born. It is an open-fact that immi-grants are most highly represented among entrepreneurs from various sectors. From start-up to Large Firms, the innovations in worldwide of those immigrant entrepre-neurs have undoubtedly made their biggest and most concentrated impact and Immigrants provide significant economic benefits. Also, it was found that this share has changed much in recent years as we know that world's population has quadrupled in one generation so as has the number of migrants. It's abundantly clear that entrepreneurs and those who support them have an unusually high stake in immigra-tion reform. Foreign countries should encourage skilled immigrant entrepreneurs, as they can create good jobs and pay taxes. However, for entrepreneurs, to bring new ideas to life, opportunities are required. The government leaders has to create Immigration conditions that allow more entrepreneurs to start businesses which nurture that environment so those busi-nesses can grow. Economic growth suf-fers when entrepreneurial activities are unequally spread socio-economically, demographically, and geographically. It is very important to understand that entrepreneurship and innovation are IIN MY OPINIONRajani Padisiri
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