In Realizing the Development Potential of Diasporas, a collection of international experts, including academics, policymakers, practitioners in the private sector and representatives of diaspora communities contribute to furthering our understanding of how the growing population of expatriates from the developing world can be effectively leveraged to promote development in their homelands.
The issues covered include those relating to diaspora diversity and its impact on development, the potential of expatriates to further entrepreneurship and business development in their homeland, the effectiveness of remittances in furthering inclusive development and policies to better engage diasporas as drivers of development. Examples and case studies are provided in addition to the analysis and these focus on the experiences of specific diaspora networks, home country institutions promoting diaspora engagement, migrant entrepreneurs and financial institutions facilitating remittances. This book is written by experts and practitioners from a range of public and private organizations and institutions including Microfinance International Corporation, Western Union, Citibank, The Indus Entrepreneurs, Highland Tea Company, ChileGlobal, World Bank, United Nations, Inter-American Dialogue, African Foundation for Development and The George Washington University.
Krishnan Sharma is an Economist in the Financing for Development Office of the United Nations Department of Economic and Social Affairs (UNDESA). Arun Kashyap is an Advisor for Private Sector Development in the Private Sector Division of the United Nations Development Programme (UNDP). Manuel F. Montes is the Chief of the Policy Analysis and Development Branch at the Financing for Development Office of UNDESA. Paul Ladd is an Advisor to UNDP on issues related to inclusive globalization, including development finance, debt sustainability, trade and migration.
Foreword, Alexander Trepelkov
Introduction: Opportunities and challenges for mobilizing the potential of developing country diasporas, Krishnan Sharma, Arun Kashyap, Manuel Montes and Paul Ladd
Part I: Setting the stage
Understanding diaspora diversity and its impact on development, Jennifer M. Brinkerhoff
Part II: Diaspora funds and the poor
Remittances, diaspora and inclusive microfi nance: What have we learnt? Arun Kashyap and Kai Schmitz
Fostering economic opportunity for transnational families, Barbara Span
Citibank’s experience serving the un/underbanked through retail remittance services, Ryan Newton, Trang-Thien Tran and Marcela Ramirez
Strengthening national policies for engaging diaspora as a development actor: Lessons from learning-by-doing activities, Manuel Orozco
Developing capacity: Diasporas as transnational agents of development, Chukwu-Emeka Chikezie
Part III: Diaspora entrepreneurs and development
Strengthening the business sector in developing countries: The potential of diasporas, Krishnan Sharma and Manuel Montes
Why is diaspora potential so elusive? Towards a new generation of initiatives to leverage countries’ talent abroad, Yevgeny Kuznetsev
Venture capital and fixed income markets in developing economies, Parag Saxena
A Kenyan diaspora entrepreneur creating social value through tea, Wanja Michuki
ChileGlobal: A talent network for innovation, Molly Pollack
Policies to strengthen diaspora investment and entrepreneurship: Cross-national perspectives, Liesl Riddle and Tjai M. Nielsen