Remittances
Recent Activity
Recent Activity
Diasporas can play an important role in the economic development of their countries of origin or ancestry. Beyond their well-known role as senders of remittances, diasporas also can promote trade and foreign direct investment, create businesses, spur entrepreneurship, and transfer new knowledge and skills. Policymakers increasingly recognize that an engaged diaspora can be an asset — or even a counterweight to the emigration of skilled and talented migrants.
The region encompassing Central and Eastern Europe as well as the former Soviet Union is the source of a sizeable share of international migrants today, yet many of these countries' development efforts do not benefit from strong diaspora ties.
The expansion of access to credit through microfinance—now a multibillion-dollar sector—has resulted in profound shifts across the developing world. This article, using Cambodia as its example, discusses the ways in which households are using microcredit in coordination with migration, and addresses critical questions about who benefits from these linkages—and what vulnerabilities they might create for migrants.
El Salvador's lengthy civil war crushed diasporas' opportunities for political or civic engagement in this small, densely-populated Central American nation. However, hometown associations—diaspora organizations that contribute to the development needs of their members' hometowns—represent a modern-day venue for civil society participation. This article explores how diasporas are contributing to development in more ways than just cash flows and projects by transforming the governance landscape.
This brief explores how governments in Asia are facilitating diaspora contributions, including creation of conducive legal frameworks and diaspora-centered institutions to initiation of programs that specifically target diasporas as development actors.
Immigration and international development policy conversations have become entangled in the U.S. context, not necessarily to the benefit of either debate. This article explores how a contemporary understanding and decoupling of the issues can contribute to more effective policymaking.