A book that should be "must reading" for every community leader and politician in Hawaii. -- Pacific Business News, Sept. 16, 2005
A slow, withering decline into mediocrity. Sound gloomy? Read Heenan's proposals and wake-up calls in FLIGHT CAPITAL. -- Spirit of Aloha (Aloha Airlines Magazine), Nov/Dec 2005
A thought-provoking study essential to understanding the future of immigrant talent in this nation. -- Midwest Book Review, February 2006
An insightful new book. A wake up call to leaders in American government and industry to act now -- ..
Fascinating examination. Gives readers a firm foundation on which to build an informed opinion and specific ways they can respond. -- Soundview Executive Book Summary, February 2006
Heenan is an old hand at the global game, having worked for the famed trading house Jardine Matheson and Citicorp. -- U.S. News & World Report, September 19, 2005
Riveting look at the global war over human capital and 12 steps we must take to reverse the disturbing trend. -- Book Buzz by Anita Bruzzese, Nov. 6, 2005
From the Publisher
There's no place like home. At least that's what U.S. immigrants seem to think.
America's foreign-born superstars are hotfooting it back to their motherland--and in alarming numbers of up to 1,000 per day. What's worse, they're among the best and brightest in science and technology--the kind of immigrant brainpower that gives rise to the likes of Google, Yahoo, and eBay and propels today's innovation economy.
So, where are they going? And why? And what does such a "reverse brain drain" mean for America's future?
David Heenan, a leading expert on globalization, spent five years crisscrossing the globe--traveling to eight countries on three continents--to unearth the answers.
From Iceland to India, Heenan sat down for one-on-one interviews with more than 100 top-flight repatriates--many of them world-class thinkers in science and technology--along with dozens of foreign-based government and business leaders who are spearheading some bold initiatives to lure talent away from the United States.
Each of the repatriates' personal stories is uniquely their own. What they share, however, is a desire to use their American-earned experiences to benefit their homeland. The bottom line for the U.S., says Heenan: A wrenching talent gap, as America moves from importer of innovators to net exporter of human capital.
What to do? The answers do not require a dramatic reversal of America's present course, says Heenan. They do, however, call for a series of innovative reforms--from revamping immigration policies to overhauling public education--that U.S. leaders from government, business, and academia must wake up to before it's too late.
For starters, Heenan proposes a 12-step action plan for attracting and retaining more immigrant brainpower--starting with "know thy competition"--while boosting the strength of America's native sons and daughters.
Other insights and ideas that Heenan offers in FLIGHT CAPITAL are:
* Why globalization is a good servant, but a bad master--and what U.S. companies can do to make it work for them * Why it's impossible to accurately measure the reverse brain drain (and why America must assume the worst) * The converging factors of outmigration--political, cultural, economic, and technological * How China, India, and other nations are enticing emigrants home--offering significant tax breaks, unprecendented venture capital funding, and more * How "nanonations" such as Iceland and Singapore are competing to win * Why the current exodus extends well beyond the ranks of the immigrants themselves * Why repatriates' ties to America don't stick--and what the U.S. can do about it * How post-9/11 immigration restrictions are widening America's talent gap * Why the U.S. must celebrate and fund science and technology--or risk falling further behind * Why the right attitude is neither dark pessimism nor wild optimism--but sober realism