03
Oct
The Secret to U.S. Growth in the 21st Century: More Asians
For the last few decades, we’ve been importing our new population from Mexico, but that too looks to be at an end.Net immigration from Mexico has fallen to zero, thanks in large part to a healthy Mexican economy (good), lower Mexican fertility (good), the housing bust (bad), and nativist sentiment against “illegal” immigrants in states like Arizona (very, very bad).
America’s birth rate is not as low as Europe, but we still need immigrants to ensure a healthily expanding labor pool. Where are we going to get our new Americans? Asia and Africa. Asia is especially important, and encouraging large-scale immigration from Asia will have benefits far beyond the simple economics of immigration. The United States’ geopolitical strategy for the emerging Asian Century must be to position ourselves as the Alternative Asia, the way we were once the Alternative Europe.
Read more. [Image: Reuters]
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This is very interesting. Although I wonder if the writer is a bit more optimistic about how an influx of Asians would...
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