Tyler Cowen on global talent and immigration

Tyler Cowen interviewed by Noah Smith

Noah Smith: What are a few things that make you most optimistic about the world right now?

Tyler Cowen: By far the most optimistic feature of today’s world is that there is more mobilized talent than ever before, and by a long mile. A mere few decades ago, or less in many cases, if you were born into India, China, or Nigeria, the chance you could make a positive contribution to the world on a significant scale was quite low. It is now much, much higher, largely because of increases in wealth and also because of the internet. I also see the greater scope and speed of scientific communication — also because of the internet — as another force for optimism.

Noah Smith: What policies should we be doing right now to accelerate our long-term growth trajectory?

Tyler Cowen:  As for boosting growth, my number one recommendation would be much more high-skilled immigration. And then more low-skilled immigration to take care of their kids and help run their errands. I also would deregulate most of the American economy, starting with occupational licensing.

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