Realizing the Development Potential of Diasporas
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Realizing the Development Potential of Diasporas

In this book, international experts including academics, policymakers, private sector practitioners, and representatives of diaspora communities further our understanding of how the growing population of expatriates from the developing world can be effectively leveraged to promote development in their homelands. The contributors cover issues relating to diaspora diversity and its impact on development, the potential of expatriates to further entrepreneurship and business development in their homelands, the effectiveness of remittances in furthering inclusive development, and policies to better engage diasporas as drivers of development. Their analyses are supported by examples and case studies focusing on the experiences of specific diaspora networks, home country institutions promoting diaspora engagement, migrant entrepreneurs, and financial institutions facilitating remittances.
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Chapter
 

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English
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Author(s):
Molly Pollack

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Migrants have played an important role in the acceleration of technological change, business development and investment in many countries. Emerging in different ways and for diverse reasons, they have constituted diaspora networks in nation-states such as India, Taiwan Province of China, Ireland, Israel and China, among others. Their impact in most cases has resulted in a technological push, which in turn has helped further the development of their countries. At times when their nations were considered vulnerable, some of these highly skilled migrants have turned out to be pioneer investors as well as facilitators of foreign investment attraction. Additionally, they have constituted bridges between resident and home countries for market connections, technological transfer, coaching of local business and internationalization of local firms.