Immigrant entrepreneurship
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, and Elon Musk 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. Ettore Bugatti, born in Milan, also built his automobile company on French soil, though he only acquired French citizenship in the year of his death.
Immigrants start businesses at higher rates than native-born populations in many developed countries, this includes the United States, United Kingdom, Canada, and Australia. In the US, the foreign-born share of business owners more than doubled between 1980 and 2010. [2]
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.
- ↑ Lofstrom, Magnus. [https://wol.iza.org/articles/immigrants-and-entrepreneurship/long "Immigrants and Entrepreneurship"]. IZA World of Labor. 2019.