Investing in the Homeland: Migration, Social Ties, and Foreign Firms (Michigan Studies In International Political Economy)

Synopsis

Once viewed as a “brain drain,” migrants are increasingly viewed as a resource for promoting economic development back in their home countries. In Investing in the Homeland, Benjamin Graham finds that diasporans—migrants and their descendants—play a critical role in linking foreign firms to social networks in developing countries, allowing firms to flourish even in challenging political environments most foreign investors shun. Graham’s analysis draws on new data from face-to-face interviews with the managers of over 450 foreign firms operating in two developing countries: Georgia and the Philippines. Diaspora-owned and diaspora-managed firms are better connected than other foreign firms and they use social ties to resolve disputes and influence government policy. At the same time, Graham shows that diaspora-affiliated firms are no more socially responsible than their purely foreign peers—at root, they are profit-seeking enterprises, not development NGOs. Graham identifies implications for policymakers seeking to capture the development potential of diaspora investment and for managers of multinational firms who want to harness diasporans as a source of sustained competitive advantage.

Copyright:

2019

Book Details

Book Quality:

Publisher Quality

ISBN-13:

9780472124619

Related ISBNs:

9780472131150

Publisher:

University of Michigan Press

Date of Addition:

01/24/19

Copyrighted By:

Benjamin A. T. Graham

Adult content:

No

Language:

English

Has Image Descriptions:

No

Categories:

Nonfiction, Business and Finance, Social Studies, Politics and Government

Submitted By:

Bookshare Staff

Usage Restrictions:

This is a copyrighted book.