Skip to main content
Article thumbnail
Location of Repository

Diaspora and development

By Yingqi Wei and V.N. Balasubramanyam

Abstract

NoJagdish 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

Topics: Jagdish Bhagwati, Diaspora, Developing countries, Development, Countries of origin, Brains tax
Year: 2009
DOI identifier: 10.1111/j.1467-9701.2006.00856.x
OAI identifier: oai:bradscholars.brad.ac.uk:10454/3274
Provided by: Bradford Scholars
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://hdl.handle.net/10454/32... (external link)
  • http://dx.doi.org/10.1111/j.14... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.