Immigration policies put economic powers to the test of competition
September 24, 20251236 ViewsRead Time: 2 minutes
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In the American scene, President Trump announced an increase in the fees for H-1B skilled worker visas to $100,000, in a move described as "shocking" to the technology circles in Silicon Valley. This decision caused widespread confusion among foreign workers, and technology companies rushed to adapt to the new changes.
In contrast, Britain quickly moved to take advantage of this opportunity, as Finance Minister Rachel Reeves announced a plan to counter American policies by easing immigration procedures for global talents. Her statement came during the opening of the new global headquarters of "Revolt" in London, emphasizing that Britain aims to make London an attractive center for global talent.
As for Canada, it appeared ready to seize the opportunity, as Prime Minister Mark Carney indicated his country's intention to benefit from the change in American policies. Historical experiences suggest that Canada has previously benefited from the tightening of American immigration policies, as it witnessed a significant increase in the flow of talents during previous periods.
However, challenges are not without complications, as Canada faces internal debates over immigration policies, and wages there are lower than their American counterparts. In Britain, the openness to global talents coincides with the challenges of post-Brexit.
These transformations raise profound questions about the future of the global knowledge economy. On one hand, American policies threaten to undermine one of the key pillars of its technological superiority, and on the other hand, other economic powers seek to fill the potential void.
The race for talent goes beyond the economic issue to include matters of national identity and geopolitical influence. The ability to attract global talents has become an indicator of countries' soft power and a measure of their economies' resilience in an era of global fluctuations.
The question remains: Will competing countries succeed in turning this temporary opportunity into lasting strategic gains? The answer will be determined by these countries' ability to build integrated systems that combine the attractiveness of the economic environment, the flexibility of legal systems, and the stability of the social climate.
In contrast, Britain quickly moved to take advantage of this opportunity, as Finance Minister Rachel Reeves announced a plan to counter American policies by easing immigration procedures for global talents. Her statement came during the opening of the new global headquarters of "Revolt" in London, emphasizing that Britain aims to make London an attractive center for global talent.
As for Canada, it appeared ready to seize the opportunity, as Prime Minister Mark Carney indicated his country's intention to benefit from the change in American policies. Historical experiences suggest that Canada has previously benefited from the tightening of American immigration policies, as it witnessed a significant increase in the flow of talents during previous periods.
However, challenges are not without complications, as Canada faces internal debates over immigration policies, and wages there are lower than their American counterparts. In Britain, the openness to global talents coincides with the challenges of post-Brexit.
These transformations raise profound questions about the future of the global knowledge economy. On one hand, American policies threaten to undermine one of the key pillars of its technological superiority, and on the other hand, other economic powers seek to fill the potential void.
The race for talent goes beyond the economic issue to include matters of national identity and geopolitical influence. The ability to attract global talents has become an indicator of countries' soft power and a measure of their economies' resilience in an era of global fluctuations.
The question remains: Will competing countries succeed in turning this temporary opportunity into lasting strategic gains? The answer will be determined by these countries' ability to build integrated systems that combine the attractiveness of the economic environment, the flexibility of legal systems, and the stability of the social climate.
