Fiscal Impacts
Recent Activity
A number of countries in 2015 redesigned their immigrant investor visa programs in response to questions about their economic benefits or allegations of fraud. The reforms have in some cases made such programs far more costly and encouraged investment in higher-risk assets. Applications for such visas have fallen signficantly in Australia, Canada, and the United Kingdom, as policymakers may have overestimated demand.
A discussion on the extraordinary boom in investor immigration, including the rapidly expanding EB-5 visa in the United States, Malta’s controversial “cash for citizenship” policy and a host of programs across Europe and the Caribbean.
With the prospects for immigration reform greater than they have been in more than a decade and the U.S. economy slowly shrugging off the effects of the recession, the United States may be on the cusp of historic changes that make the immigration system a more effective tool for innovation, economic growth and the competitiveness of its firms—large and small.
This volume, which brings together research by leading economists and labor market specialists, examines the role immigrants play in the U.S. workforce, how they fare in good and bad economic times, and the effects they have on native-born workers and the labor sectors in which they are engaged. The book traces the powerful economic forces at play in today’s globalized world and includes policy prescriptions for making the American immigration system more responsive to labor market needs.