Abstract:Diaspora networks consist of groups of individuals engaged in the economies and societies of both their destination and their source countries. They can be formal or informal in nature. Members of diaspora networks often have a comparative advantage in the provision of many goods and services over the native born in destination countries and their compatriots who have remained back home: diaspora networks, for example, can profitably forge trade and investment links between their home and host countries and can help new migrants adapt and use local services. Generally, the return of diaspora members to their home country ‐ or their enhanced engagement, even if they remain abroad ‐ is recognised as a source of human capital that can benefit a developing country. Hometown associations can contribute to the community by investing in the infrastructure of their community of origin. Co‐development initiatives seek to integrate the specialised knowledge of diasporas, virtually or physically, back into the source country.
Document Type: Review Article
Publication date: March 1, 2008