Realizing the Development Potential of Diasporas

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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.



A Kenyan diaspora entrepreneur creating social value through tea: A case study

Entrepreneurship enables economic development because private sector goals are contingent on economic viability. The potential of diaspora entrepreneurs to create economic growth in their home country lies in their ability to identify and develop market opportunities abroad, which in turn facilitate income generation, job creation and skill and knowledge transfer in their home country. For developing countries, the creation of such trade linkages can be instrumental to poverty alleviation.


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