As America faces a new political dawn, The Immigration Post invites the incoming administration of President–elect Trump to consider the economic benefits of implementing comprehensive immigration reform.
President George W. Bush made the following observation on May 10, 2007 “[…] A free and open international investment regime is vital for a stable and growing economy, both here at home and throughout the world […] my Administration recognizes that our prosperity and security are founded on our country’s openness […].”
According to the U.S. Department of Commerce “[…] Foreign firms employ more than 5 million U.S. workers through their U.S. affiliates and have created more than 4.5 million indirect jobs […].” This is pertinent because foreign investors view the ease with which they can travel to the United States as a key indicator of how easy it will be to make or administer an investment.
Since the crisis of 2008, the U.S. has been struggling to attract much needed foreign direct investors. According to the Organization for International Investment’s 2016 report, “[…] Foreign Direct Investment in the United States, known as FDIUS, totaled $2.9 trillion through 2014 on a historical-cost basis. Each year foreign firms make new investments in the United States, which benefit the American economy in numerous ways. They build new factories, grow their well-established U.S. operations, fund research and development, and employ millions of Americans in well-paying jobs. In 2014, international firms invested $112 billion in the U.S. economy, down nearly 50 percent from 2013[…].” This resulted in a substantial loss in U.S. Gross Domestic Product for that year. Stringent immigration policies will not help increase the influx of foreign capital that fuels business growth and development in the U.S.
We also encourage the incoming-administration to consider and incorporate the Migrant Integration Policy Index which enumerates a number of criteria for a successful immigration program. Such a program should include (i) increased labor market mobility, (ii) a robust educational programing, (iii) inclusion of immigrants in political participation, (iv) the means for immigrants to access permanent residency and nationality, (v) a program that will consider family unity, (vi) access for immigrants to health care and (vi) strict anti-discrimination policies for all immigrants to the United States.
As a nation of immigrants America should lead the world with a comprehensive immigration policy. We welcome the opportunity to be a part of this conversation.
The Immigration Post – Chief Editor