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.



Venture capital and fixed-income markets in developing economies

Venture capital and fixed-income markets are two factors that can play a significant role in the economic development of a country. However, it appears that most developing economies are not doing enough to effect meaningful change in either factor. This chapter will present the case why policy-makers should make a long-term commitment to developing vibrant venture capital and fixed-income markets, and will suggest some specific levers they should focus on in making this commitment. Finally, I believe that a country’s diaspora can make a material contribution on both factors, and I will outline some specific ideas on how these contributions can work.


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