Investing in the Homeland – Migration, Social Ties, and Foreign Firms Graham

Investing in the HomelandMigration, Social Ties, and Foreign Firms\nAuthor(s): Benjamin A.T. Graham\nFormat: Hardback\nPublisher: The University of Michigan Press, United States\nImprint: The University of Michigan Press\nISBN-13: 9780472131150, 978-0472131150\nSynopsis\nOnce 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 diasporansmigrants and their descendantsplay 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.\n\n Grahams 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 re.