On Cato.org: Ideas to Boost Long-term Growth

In an article published on the Cato Institute's Online Forum, Kauffman Foundation Vice President of Research & Policy Dane Stangler offers policy recommendations for how to increase long-term economic growth in the United States in two key areas: immigration and education.

For immigration:

Considering that immigrants are nearly twice as likely to start a business as native-born Americans, Stangler offers two versions of a "startup visa" to capitalize on this entrepreneurial trend: one for foreign students to extend their stay in the U.S., allowing them to start companies and work at startups; and one for existing illegal immigrants who either are already running a business or would do so within the boundaries of the law.

He writes:

We are interested in businesses that create jobs no matter what kind they are. These variations on the more conventional startup visa would boost entrepreneurship, create jobs, help start to solve thorny immigration issues, and solidify America's status as the immigrant (entrepreneur) nation.

For education:

Stangler suggests that teacher licensing and preparation will improve the country's educational system. With teachers being perhaps the most important factor in educational quality, it is necessary to create a new pathway for experienced professionals to quickly but rigorously be certified as teachers.

He writes:

If, for example, a retired engineer wanted to teach high school math, or a mid-career internist wanted to teach anatomy, why turn them away or subject them to the inanities of many teacher preparation programs? No one is claiming that these individuals would automatically make better teachers than the ones being turned out by education schools, but few can claim they would be any worse, either. Allowing alternative certification of subject matter knowledge as well as a de minimis apprenticeship in teaching would create a new pipeline of quality teachers.

Read the entire article on Cato.org.