I imagine it's a boon for those developing countries. Instead a natural brain-drain, the country doing the draining is stopping it. I'd love to hear some stories about entrepreneurs who wanted to come to the US, but had to go elsewhere and ended up building large businesses. I do see a lot of cool startups coming out of India (that we use for our startup, like Chargebee and VWO) - I wonder if they would have been tempted to start them here in the US if it were trivial for entrepreneurs to enter.
Perhaps a rare case of the road to heaven being paved with bad intentions.