TAILIEUCHUNG - The Economic Logic of Illegal Immigration

The crisis can, however, magnify the competitive advantage of research-intense firms who seize the opportunity to reinforce market leadership through increased spending on innovation and R&D. Many of today’s leading firms such as Microsoft or Nokia were born or transformed in the “creative destruction” of economic downturns. And several of today's leading technology firms such as Samsung Electronics, or Google strongly increased their R&D expenditures during and after the “new economy” bust of 2001. . | The Bernard and Irene Schwartz Series on American Competitiveness The Economic Logic of Illegal Immigration Gordon H. Hanson CSR NO. 26 APRIL 2007 COUNCIL ON FOREIGN RELATIONS Founded in 1921 the Council on Foreign Relations is an independent national membership organization and a nonpartisan center for scholars dedicated to producing and disseminating ideas so that individual and corporate members as well as policymakers journalists students and interested citizens in the United States and other countries can better understand the world and the foreign policy choices facing the United States and other governments. The Council does this by convening meetings conducting a wide-ranging Studies Program publishing Foreign Affairs the preeminent journal covering international affairs and . foreign policy maintaining a diverse membership sponsoring Independent Task Forces and Special Reports and providing up-to-date information about the world and . foreign policy on the Council s website . THE COUNCIL TAKES NO INSTITUTIONAL POSITION ON POLICY ISSUES AND HAS NO AFFILIATION WITH THE . GOVERNMENT. ALL STATEMENTS OF FACT AND EXPRESSIONS OF OPINION CONTAINED IN ITS PUBLICATIONS ARE THE SOLE RESPONSIBILITY OF THE AUTHOR OR AUTHORS. Council Special Reports CSRs are concise policy briefs produced to provide a rapid response to a developing crisis or contribute to the public s understanding of current policy dilemmas. CSRs are written by individual authors who may be Council fellows or acknowledged experts from outside the institution in consultation with an advisory committee and are intended to take sixty days or less from inception to publication. The committee serves as a sounding board and provides feedback on a draft report. It usually meets twice once before a draft is written and once again when there is a draft for review however advisory committee members unlike Task Force members are not asked to sign off on the report or to otherwise endorse it. Once

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