What We Know About Diasporas and Economic Development

  • Newland K
  • Plaza S
  • 27


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Executive Summary Diasporas1 can and, in many cases, do play an important role in the economic development of their countries of origin or ancestry. Beyond sending remittances, they can also promote trade and foreign direct investment (FDI), create businesses and spur entrepreneurship, and transfer new knowledge and skills. While some policymakers continue to see their nationals abroad as a loss, more and more are recognizing that an engaged diaspora can be an asset — or even a counterweight to the emigration of skilled and talented migrants. Yet while some governments have worked with diaspora members on discrete projects, relatively few governments have succeeded in proactively engaging their diasporas to find areas of mutual interest for practical collaboration. The impact of diaspora engagement is felt strongly

Author-supplied keywords

  • Diaspora
  • FDI
  • diaspora engagement
  • economic development
  • entrepreneurship
  • foreign direct investment
  • migration
  • migration and development
  • remittances
  • transfer of talent

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  • K Newland

  • S Plaza

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