The Kauffman Foundation is an organization in
According to its study, the rate of entrepreneurial activity for native-born Americans was 0.28% in 2005. The rate for immigrants was somewhat higher, at 0.35%.
Why are immigrants more likely to start up their own businesses? Michael Mandel, chief economist of BusinessWeek, provides an explanation:
The conventional explanation is that immigrants, by nature, are greater risk-takers and more energetic – or else they would have stayed in their home countries. And because they are not integrated into existing social networks, it’s easier for them to try something new.
(Source: What It Means to Hit 300 Million)
Closer to home, immigrants might have shaped the economy of
Of course, Malaysian government will never acknowledge the Immigrant Factor, and instead blame the former colonizer,