Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Diaspora Engagement and Development in South AsiaBangladeshi Diaspora: Cultural Practices and Development Linkages

Diaspora Engagement and Development in South Asia: Bangladeshi Diaspora: Cultural Practices and... [Over the last decade, there has been a growing recognition of the contribution that diaspora makes to the economic development of their country of origin. This is largely due to the fact that their contributions form a significant source of external capital for developing countries. However, the general assumption is that the diasporic community transfers less money than the economic migrants. The stunning change in the diaspora linkage in China and India, in terms of the flow of investments and social links, has dispelled this long-standing assumption, setting a precedent for many developing economies in the world. More than 70 million Chinese and 30 million Indian diaspora are living abroad permanently, whereas about only 2 million Bangladeshis are living abroad permanently. While 70 per cent of the Foreign Direct Investment (FDI) flow in China came from the overseas Chinese (Sinha, Kent and Shomali, 2007), Bangladesh has experienced a declining trend. Garbin pinpoints the dwindling flow of investments to the shifts in the financial relationships of Bangladeshi diaspora with their kin in Bangladesh (Garbin, 2005). During the 1960s and 1970s, 85 per cent of them were remitting their savings back home. However, it took a drastic drop to 20 per cent in 1995. I argue that the obvious erosion of the roots of the first generation and further erosions of the second generation with the origin may explain this diminishing trend.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Diaspora Engagement and Development in South AsiaBangladeshi Diaspora: Cultural Practices and Development Linkages

Part of the International Political Economy Series Book Series
Editors: Yong, Tan Tai; Rahman, Md Mizanur
Ullah, A. K. M. Ahsan
Diaspora Engagement and Development in South Asia — Nov 7, 2015
Download PDF
20 pages

Loading next page...
 
/lp/springer-journals/diaspora-engagement-and-development-in-south-asia-bangladeshi-diaspora-6MnAsmXUXP
Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2013
ISBN
978-1-349-46273-5
Pages
103 –123
DOI
10.1057/9781137334459_6
Publisher site
See Chapter on Publisher Site

Abstract

[Over the last decade, there has been a growing recognition of the contribution that diaspora makes to the economic development of their country of origin. This is largely due to the fact that their contributions form a significant source of external capital for developing countries. However, the general assumption is that the diasporic community transfers less money than the economic migrants. The stunning change in the diaspora linkage in China and India, in terms of the flow of investments and social links, has dispelled this long-standing assumption, setting a precedent for many developing economies in the world. More than 70 million Chinese and 30 million Indian diaspora are living abroad permanently, whereas about only 2 million Bangladeshis are living abroad permanently. While 70 per cent of the Foreign Direct Investment (FDI) flow in China came from the overseas Chinese (Sinha, Kent and Shomali, 2007), Bangladesh has experienced a declining trend. Garbin pinpoints the dwindling flow of investments to the shifts in the financial relationships of Bangladeshi diaspora with their kin in Bangladesh (Garbin, 2005). During the 1960s and 1970s, 85 per cent of them were remitting their savings back home. However, it took a drastic drop to 20 per cent in 1995. I argue that the obvious erosion of the roots of the first generation and further erosions of the second generation with the origin may explain this diminishing trend.]

Published: Nov 7, 2015

Keywords: Foreign Direct Investment; Host Country; Home Country; Development Linkage; Economic Migrant

There are no references for this article.