Investing in the homeland : migration, social ties, and foreign firms / Benjamin A.T. Graham.

Format:

Book

Author/Creator:

Graham, Benjamin A. T., author.

Series:

Michigan studies in international political economy.

Comp Michigan Studies in International Political Economy Series

Language:

English

Subjects (All):

Investments, Foreign--Developing countries.

Investments, Foreign.

Emigration and immigration--Economic aspects.

Emigration and immigration.

Globalization--Social aspects--Developing countries.

Globalization.

Brain drain--Developing countries.

Brain drain.

Physical Description:

1 online resource (271 pages) : illustrations.

Other Title:

Migration, social ties, and foreign firms

Place of Publication:

Ann Arbor, Michigan : University of Michigan Press, [2019]

Summary:

Once viewed as a "brain drain," emigrants 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.

Contents:

Introduction

Diasporans as Transnational Brokers: A Theory of Homeland Investment

Research Design and New Firm-Level Data

Measuring Firms' Social Connectedness

How Do Diaspora-Affiliated Firms Use Social Networks?

The Development Impact of Diaspora-Affiliated Firms

Conclusion: Implications for Governments and Multinational Firms

Appendix A: Supplementary Materials for Chapter 3

Appendix B: Supplementary Materials for Chapter 4

Appendix C: Supplementary Materials for Chapter 5

Appendix D: Supplementary Materials for Chapter 6

Notes

References

Index.

Notes:

Includes bibliographical references and index.

Description based on information from publisher.

Contains:

Michigan Publishing (University of Michigan), issuing body.

ISBN:

9780472124619

0472124617