Thursday, 24 October 2019

GMAC report examines immigration roles in fuelling global economy productivity, growth

KUALA LUMPUR, Oct 15 -- The Graduate Management Admission Council (GMAC) has unveiled the ‘Early Warning Signals: Winners and Losers in the Global Race for Talent’ report, an annual snapshot of admission trends for graduate business programmes.

The report examines the role immigration plays in fuelling the productivity and growth of global economies, need to support international mobility of talent across borders and the critical role business schools play as gatekeepers to skilled immigration and talent development.

The report analyses data in the United States (US), Canada, the United Kingdom, India and China, and includes the latest business school application data which was also released by GMAC via the Application Trends Survey Report 2019.

Calling attention to the particular challenges the US faces, 63 chief executive officers (CEOs) and deans from a broad cross-section of business schools across the country have signed an open letter calling for a substantial change in the US approach to high-skilled immigration.

The signatories are proposing pro-growth policy reforms by removing ‘per-country’ visa caps, modernising the visa processing system and reforming the H-1B visa programme to make it possible for needed talent to have a reasonable chance of gaining entry to the US.

“Policy makers also have a responsibility to seed an environment conducive to student mobility. By doing so, they unlock innovation while helping to maintain diversity in the classroom, a critical aspect of graduate management education,” said GMAC president and CEO, Sangeet Chowfla.

GMAC is an association of leading graduate business schools worldwide. It provides world-class research, professional development opportunities and assessments for the industry, designed to advance the art and science of admissions. More information at https://www.gmac.com.

-- BERNAMA

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