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Diaspora Networks, Non-Economic Remittances And Entrepreneurship Development: Evidence From Some Economies In Latin America

Author

Listed:
  • NIR KSHETRI

    (Bryan School of Business and Economics, The University of North Carolina at Greensboro, Greensboro, NC 27402-6165, USA)

  • DIANA ROJAS-TORRES

    (Fundación Universitaria Konrad Lorenz., Carrera 9 No. 62-27. Piso 3., Bogotá, Colombia)

  • MARLENY CARDONA ACEVEDO

    (Universidad de Manizales, Carrera 9 Nro. 19-03, Manizales, Colombia)

Abstract

Diaspora networks' non-economic remittances in the forms of social, political, cultural and technical contributions to their homeland play important roles in entrepreneurship and economic development. In this paper, we examine the effects of such remittances on entrepreneurship development in economies in Latin America and the Caribbean (LAC). We analyze how factors such as migrants' skills and education and characteristics of the host country are likely to affect non-economic remittances and their contribution to entrepreneurship and economic development. We offer some examples of initiatives taken in the home country and the host country to maximize the potential non-economic remittances and their impacts on entrepreneurship development in the home country. A key lesson and take-away that we can gain from entrepreneurially successful efforts of some economies is that the primary focus of diaspora policies need to be centered on utilizing various forms of non-economic remittances in stimulating the quantity and quality of entrepreneurial activity.

Suggested Citation

  • Nir Kshetri & Diana Rojas-Torres & Marleny Cardona Acevedo, 2015. "Diaspora Networks, Non-Economic Remittances And Entrepreneurship Development: Evidence From Some Economies In Latin America," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 20(01), pages 1-18.
    • Handle: RePEc:wsi:jdexxx:v:20:y:2015:i:01:n:s1084946715500053
    DOI: 10.1142/S1084946715500053
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    References listed on IDEAS

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    1. Dilip Ratha & Sanket Mohapatra & Caglar Ozden & Sonia Plaza & William Shaw & Abebe Shimeles, 2011. "Leveraging Migration for Africa : Remittances, Skills, and Investments [Optimisation du phénomène migratoire pour l’Afrique : Envois de fonds, compétences et investissements]," World Bank Publications - Books, The World Bank Group, number 2300, December.
    2. Nadim Ahmad & Anders Hoffman, 2008. "A Framework for Addressing and Measuring Entrepreneurship," OECD Statistics Working Papers 2008/2, OECD Publishing.
    3. Robert E. B. Lucas, 2001. "Diaspora and Development: Highly Skilled Migrants from East Asia," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-120, Boston University - Department of Economics.
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    Cited by:

    1. Amanda J. Muhammad & Alina M. Waite & Dwuena C. Wyre, 2019. "Informal Sector Retail Start-Ups In A Caribbean Context," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 24(02), pages 1-15, June.
    2. R. Isil Yavuz & Berrak Bahadir, 2022. "Remittances, ethnic diversity, and entrepreneurship in developing countries," Small Business Economics, Springer, vol. 58(4), pages 1931-1952, April.
    3. Folorunsho M. Ajide & Tolulope T. Osinubi, 2022. "Foreign aid and entrepreneurship in Africa: the role of remittances and institutional quality," Economic Change and Restructuring, Springer, vol. 55(1), pages 193-224, February.

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