Dartmouth business school dean Matthew Slaughter opines in today's Wall Street Journal that British companies have a huge advantage over their US counterparts because their immigration policies are not as restrictive.

Nonetheless, leading U.S. companies today are crying out for more
immigrants to satisfy their talent needs. And they do so as
globalization gives companies an ever-wider range of locations abroad
in which to operate. Increasingly, talent needs that cannot be met in
America can be met abroad -- much to the detriment of the U.S. economy.
Bill Gates put this clearly in testimony to Congress last month: "many
U.S. firms, including Microsoft, have been forced to locate staff in
countries that welcome skilled foreign workers to do work that could
otherwise have been done in the United States, if it were not for our
counterproductive immigration policies."


A recent McKinsey report surveyed hundreds of senior
finance executives and found that their single most important concern
was "availability of professional workers." One executive said, "It is
much easier hiring talented people in the U.K. There are plenty of
great people and I never have trouble getting them in because of
immigration restrictions; I couldn't hire the team I need in the U.S.

And why is it easy to hire financial talent in London?
Because the U.K. welcomes an unlimited supply of the world's best
financial minds. Since 2004, the U.K. Highly Skilled Migrant Programme
has maintained a list of the world's top 50 business schools. Anyone
who earns an MBA from one of these schools is automatically eligible to
work in the U.K. for at least one year.