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Diaspora and Development

Author

Listed:
  • Yingqi Wei
  • V. N. Balasubramanyam

Abstract

Jagdish Bhagwati's proposal for a ‘brains tax’ to be levied on the incomes of the diaspora from developing countries residing in the developed countries and the proceeds to be remitted to the countries of origin of the diaspora is well known. In recent years the voluntary contributions or remittances from the diaspora to their countries of origin have often been higher than the aid monies given to these countries. It is now increasingly recognised that the diaspora may have an active role to play in the development process of their countries of origin. They are not only a source of funds; they are also a rich source of skills and know‐how. This paper analyses the potential of the diaspora as agents of change in their countries of origin and argues that the social rate of return to a unit of diaspora investments may be higher than that for a unit of foreign direct investment from non‐diaspora sources.

Suggested Citation

  • Yingqi Wei & V. N. Balasubramanyam, 2006. "Diaspora and Development," The World Economy, Wiley Blackwell, vol. 29(11), pages 1599-1609, November.
    • Handle: RePEc:bla:worlde:v:29:y:2006:i:11:p:1599-1609
    DOI: 10.1111/j.1467-9701.2006.00856.x
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    References listed on IDEAS

    as
    1. V.N. Balasubramanyam, 2008. "Foreign Direct Investment," Chapters, in: Amitava Krishna Dutt & Jaime Ros (ed.), International Handbook of Development Economics, Volumes 1 & 2, volume 0, chapter 39, Edward Elgar Publishing.
    2. Jagdish N. Bhagwati, 1976. "Taxing the Brain Drain," Challenge, Taylor & Francis Journals, vol. 19(3), pages 34-38, July.
    3. Yingqi A. Wei & V. N. Balasubramanyam (ed.), 2004. "Foreign Direct Investment," Books, Edward Elgar Publishing, number 3169.
    4. Jagdish N. Bhagwati, 2004. "In Defense of Globalization: It Has a Human Face," Rivista di Politica Economica, SIPI Spa, vol. 94(6), pages 9-20, November-.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Michael A. Clemens, 2016. "Losing our minds? New research directions on skilled emigration and development," International Journal of Manpower, Emerald Group Publishing Limited, vol. 37(7), pages 1227-1248, October.
    2. Thomas H.W. ZIESEMER, 2012. "Worker remittances and government behaviour in the receiving countries," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 3, pages 37-59, December.
    3. Mohammad Saleh Torkestani & Zohreh Dehdashti Shahrokh & Kobra Bakhshizadeh Borj & Pedram Jahedi, 2025. "Identity Dilemma in Immigrant Consumers: a discourse analysis of diaspora marketing," Papers 2504.15017, arXiv.org.
    4. Naudé, Wim & Siegel, Melissa & Marchand, Katrin, 2015. "Migration, Entrepreneurship and Development: A Critical Review," IZA Discussion Papers 9284, Institute of Labor Economics (IZA).
    5. Clemens Michael A., 2014. "A Case Against Taxes and Quotas on High-Skill Emigration," Journal of Globalization and Development, De Gruyter, vol. 5(1), pages 1-39, June.
    6. Wang, Mingchu & Wei, Yingqi & Azumah, Gideon & Wang, Catherine L., 2024. "African returnees in international knowledge transfer: A social capital perspective," Journal of International Management, Elsevier, vol. 30(1).
    7. Jan Brzozowski & Nicola Daniele Coniglio, 2022. "The Effect of International Migration on Tax Morale in the Home Country: Evidence from Poland," EGEIWP 03-2022, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Jan 2023.
    8. Kadir KARAGÖZ, 2016. "Migration – trade nexus revisited: Empirical evidence from Turkish emigrants in OECD countries," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(609), W), pages 127-142, Winter.
    9. Riddle, Liesl & Hrivnak, George A. & Nielsen, Tjai M., 2010. "Transnational diaspora entrepreneurship in emerging markets: Bridging institutional divides," Journal of International Management, Elsevier, vol. 16(4), pages 398-411, December.
    10. Boly, Amadou & Coniglio, Nicola Daniele & Prota, Francesco & Seric, Adnan, 2014. "Diaspora Investments and Firm Export Performance in Selected Sub-Saharan African Countries," World Development, Elsevier, vol. 59(C), pages 422-433.
    11. Kadir KARAGÖZ, 2016. "Migration – trade nexus revisited: Empirical evidence from Turkish emigrants in OECD countries," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(609), W), pages 127-142, Winter.

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