Over the past 2 years (since the financial crisis), I have heard people saying that America is on it’s way down. Inevitably, their argument centers around the fact that China and India have a cheaper, as intelligent, and larger labor force than the US. It is only a matter of time when they catch up with the US.
When it comes to technological innovations, people are less optimistic about the power shifting to the emerging countries. “There is a ton of infrastructure in the Silicon Valley”, “The VC industry in the US is the most mature”, “The smartest tech brains are all in California” are the reasons cited.
I came across an article in the Tech Crunch that clearly shows (in my opinion) why innovations and entrepreneurship are going to stay in the US. It’s not the infrastructure, it’s not the Venture Capital, it’s not the brain power or the IP resident in the country that will eventually make the difference. The primary reason why entrepreneurship will thrive in the US lies in the attitude and the effort of the people who matter.
Here’s a link to the article: http://techcrunch.com/2011/03/14/finally-a-startup-visa-that-works/
In summary, there is an ongoing effort to relax the requirements for foreign entrepreneurs to reside and work in the US. While other countries like India, China, Israel, etc continue to have a more defensive approach in such matters, there are people in the US that are actively working to promote innovation and technology in the US.
The last paragraph of the article highlights the efforts and hard work of many notable names in the tech industry. Amazing work by everyone involved.
“A lot of hard work has gone into this bill, over the last two years, by tech notables Brad Feld, Eric Ries, Dave McClure, Manu Kumar, Shervin Pishevar, Fred Wilson, and Paul Kedrosky. This group is launching a campaign to gain the bill political support. It is using social-lobbying tools powered by Votizen to take tweets, Facebook posts, and SMS messages and hand-deliver them to Congress. The Startup Visa website details how you can get involved and help the bill to succeed. Now it is your turn to speak up and help us revitalize the economy”.