President Donald Trump’s immigration ban could have far-reaching consequences for the country’s economy by undermining the reputation of the U.S. as a reliable place to do business, explains Mike Useem and Robert Meyer on a podcast for the Wharton School of the University of Pennsylvania.
Useem, a management professor and director of the Center for Leadership and Change Management, and Meyer, a marketing professor and co-director of the Risk Management and Decision Processes Center, discussed the long-term implications of the ban on America’s business and education.
“(It is impacting) companies that are doing business with people who are in this category,” Useem said. “So many companies hire refugees, people who are on special visas.”
He added that, when combined with Trump’s proposal of a 20 percent tariff on Mexico imports and several other free-trade issues, it could make many company executives start to wonder if the U.S. is living up to its business-friendly reputation.
Meyer also emphasized that the country’s image as “the world leader in higher education” is under threat, as the impact “spills over to whether the U.S. will become a tougher place to get a good education.”
He noted that several universities have already expressed their concerns over faculty and students who are from the seven affected countries: Iraq, Iran, Syria, Somalia, Libya, Yemen, and Sudan.
Listen to the entire podcast by clicking here.