Immigrant entrepreneurship: Difference between revisions
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===Finance and banking=== | ===Finance and banking=== | ||
Immigrant entrepreneurs have historically been significant in banking and financial services, including the establishment of several major European banking dynasties in the 18th and 19th centuries.<ref>{{citation needed}}</ref> | Immigrant entrepreneurs have historically been significant in banking and financial services, including the establishment of several major European banking dynasties in the 18th and 19th centuries.<ref>{{citation needed}}</ref> | ||
===Media and entertainment=== | |||
Immigrants and their descendants have founded major media companies and contributed significantly to the entertainment industries of their adopted countries.<ref>{{citation needed}}</ref> | |||
===Retail and food=== | ===Retail and food=== | ||
Immigrant-owned businesses are heavily represented in retail, hospitality, and food services across most developed economies.<ref>{{citation needed}}</ref> | Immigrant-owned businesses are heavily represented in retail, hospitality, and food services across most developed economies.<ref>{{citation needed}}</ref> | ||
Revision as of 13:07, 21 March 2026
Template:User sandbox Immigrant entrepreneurship refers to the founding or ownership of businesses by individuals who have immigrated to a country other than their country of birth. Notable examples include Andrew Carnegie,[1] Alexander Graham Bell,[2] and Elon Musk[3] in the United States; Paul Julius Reuter, who built his news agency in Britain; and James de Rothschild, the Frankfurt-born banker who founded the French branch of the Rothschild dynasty.
Patterns and prevalence
Immigrants start businesses at higher rates than native-born populations in many developed countries including the United States, United Kingdom, Canada, and Australia. In the United States, the foreign-born share of business owners more than doubled between 1980 and 2010. [4]
Entrepreneurship by sector
Technology
Immigrant founders have played a prominent role in the technology industry. A disproportionate share of United States technology companies founded between 1995 and 2005 had at least one immigrant co-founder.[5]
Finance and banking
Immigrant entrepreneurs have historically been significant in banking and financial services, including the establishment of several major European banking dynasties in the 18th and 19th centuries.[6]
Media and entertainment
Immigrants and their descendants have founded major media companies and contributed significantly to the entertainment industries of their adopted countries.[7]
Retail and food
Immigrant-owned businesses are heavily represented in retail, hospitality, and food services across most developed economies.[8]
Academic perspectives
Scholars have identified self-employment as a common pathway for labor market integration among immigrants, though research suggests this is more economically effective for high-skilled immigrants than low-skilled ones.
Many developed countries have introduced special visa programs to attract immigrant entrepreneurs, though the effectiveness of such programs remains an active area of research.
- ↑ Gould, Sam (1995). "Andrew Carnegie: Scottish Immigrant, Entrepreneur, Philanthropist". University of Dayton Review 23 (3). https://ecommons.udayton.edu/udr/vol23/iss3/5.
- ↑ "Alexander Graham Bell (1847–1922)". BBC. https://www.bbc.co.uk/history/historic_figures/bell_alexander_graham.shtml.
- ↑ Sommerlad, Joe (6 February 2025). "Elon Musk, who arrived in the U.S. at age 31, is being questioned on his citizenship again. What to know". The Independent. https://www.independent.co.uk/news/world/americas/us-politics/elon-musk-citizenship-us-south-africa-canada-b2693635.html.
- ↑ Lofstrom, Magnus. [https://wol.iza.org/articles/immigrants-and-entrepreneurship/long "Immigrants and Entrepreneurship"]. IZA World of Labor. 2019.
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