The Least Developed Countries Report 2012

Harnessing Remittances and Diaspora Knowledge for Productive Capacities

image of The Least Developed Countries Report 2012
This Report reviews the LDCs' recent economic performance and examines how to enhance developmental impact of remittances and tap into the knowledge pool of its citizens abroad. Given the increasing magnitude of remittances in LDCs, the Report explores both the beneficial as well as possible adverse impacts of this type of private external flow. While remittances are the most visible effect of migration, there are other forms of Diaspora engagement within the home country such as Diaspora knowledge networks that can facilitate technological catch-up in LDCs and therefore enhance development of productive capacities. Through innovative forms of network-based industrial policy, LDCs could offset some of the adverse impacts of brain drain on their economies. The Report concludes with a policy review section containing lessons from international experiences in this area of interest to LDCs.

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The Least Developed Countries Report 2012 was prepared by a team consisting of Željka Kožul-Wright (team leader), Maria Bovey, Agnès Collardeau-Angleys, Junior Davis, Pierre Encontre, Igor Paunovic, Madasamyraja Rajalingam, Rolf Traeger, Giovanni Valensisi and Stefanie West (the LDC Report team). Jayati Ghosh (consultant) also made specific inputs to the Report. Bethany Paris and Xenia Wassihun provided research assistance. The work was carried out under the overall guidance and supervision of Taffere Tesfachew, Director, Division for Africa, Least Developed Countries and Special Programmes, who also made significant inputs to the structure and content of the Report.

English Spanish, French

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