Asian Immigrants and Philadelphia

Paper Summary:

This paper suggests Philadelphia's locally oriented economy is a factor preventing the city from becoming a fully functioning global player in the business world. It suggests that Philadelphia could be aided in its transition from a manufacturing-based economy to a service-based and information technology economy by bringing in more Asian immigrants. The paper notes Philadelphia's low ranking in terms of the percentage of its population that is made up of Asian immigrants, and in particular Korean immigrants, and then presents a plan that would attract more legal Asian immigrants to the city.

From the Paper:

"Just six years ago, in a business research article (Adams, 1997), it was asserted that, in an era of swiftly expanding globalization, Philadelphia is not capable of becoming a fully functioning global player. Indeed, Philly's "regional economy is arguably more locally oriented than during its manufacturing heyday," Adams insists, because you simply can't export "services" as well as "manufactured goods" " and indeed Philadelphia lost 65% of its manufacturing base between 1970 and 1990. Ms. Adams went on in her article to note that the City of Brotherly Love had recently lost a number of major corporate headquarters to international acquisitions; and that of the 32 seats on the Greater Philadelphia First (GPF) Corporation's board (in 1997) " a coalition of chief executive officers of the biggest regional corporations, and other power brokers " less than half were no longer filled by CEOs, but rather by regional managers."

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