Investing in the Homeland: Migration, Social Ties, and Foreign Firms (Michigan Studies in International Political Economy) - Image 1

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

Name: Investing in the Homeland: Migration, Social Ties, and Foreign Firms (Michigan Studies in International Political Economy)
Brand: University of Michigan Press
Price: 57.02 GBP
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Description

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.

Product Specifications

Brand: University of Michigan Press
Format: hardcover
ASIN: 047213115X
Category: Books > Subjects > Business, Finance & Law > Economics > Economic Conditions
Domain: Amazon UK
Release Date: 30 January 2019
Listed Since: 25 September 2018

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

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