Since the late 20th century, people, information, and goods and services have become increasingly mobile due to globalization. This amplified movement and knowledge sharing on an international scale has led to what economists call the knowledge economy. The knowledge economy creates knowledge-based wealth by combing powerful technology and highly skilled, well-educated minds. As the knowledge economy expands, the number of knowledge workers (people employed in knowledge-based sectors) in the global labor market also rises. As a result, more students than ever are pursing their tertiary education abroad in order to gain an employability advantages as a knowledge worker. Over the past decades the total number of internationally mobile students increased from 1.3 million in 1990, to 2.1 million in 2000, and almost doubled to 4.1 million in 2010 (IIE “Atlas”).
This thesis suggests that restrictive immigration policies negatively impact the growth of the knowledge economy by diminishing the amount of added human and knowledge capital to that country, while open policies encourage knowledge-base growth thereby increasing competitiveness in the knowledge economy. Using a Franco-American cross-country comparison, this study shows that restrictive policies deter international students and cause them to pursue their higher education in countries with more favorable immigration policies. The expansion of student immigration should be a relevant public policy issue, and national policy makers should adopt a positive, promotional approach to student mobility within the knowledge economy in order to boost national competitiveness and economic advantage.
Key Words: Knowledge economy – Immigration policy – Student immigration – Knowledge worker – High-skilled migration – France – United States.
|School:||The American University of Paris (France)|
|Source:||MAI 56/02M(E), Masters Abstracts International|
|Subjects:||Multicultural Education, International Relations|
|Keywords:||Immigration policy, International students, Knowledge economy, Knowledge worker|
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