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Partnering to beckon them home: public‐sector innovation for diaspora foreign investment promotion
Author(s) -
Riddle Liesl,
Brinkerhoff Jennifer M.,
Nielsen Tjai M.
Publication year - 2008
Publication title -
public administration and development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.574
H-Index - 44
eISSN - 1099-162X
pISSN - 0271-2075
DOI - 10.1002/pad.469
Subject(s) - formality , homeland , leverage (statistics) , diaspora , promotion (chess) , scope (computer science) , investment (military) , business , public sector , foreign direct investment , public relations , economic growth , political science , public administration , economics , economy , machine learning , politics , computer science , law , programming language
This article examines a little‐studied component of public administration existing in most countries around the world and particularly important for developing countries: national investment promotion agencies (IPAs). Diasporas are an increasingly important and relatively untapped resource for development and many homeland governments view diaspora foreign investment as key to their economic development. In addition to being generally under‐resourced, many IPAs struggle to identify ways to effectively target, cultivate and facilitate diaspora homeland investment (DHI). To accomplish these goals, these public‐sector entities are beginning to identify and leverage key partnerships in the NGO sector. We describe the services IPAs offer and enumerate the challenges they face associated with DHI. Drawing on three illustrations of IPA–NGO partnerships, we develop preliminary tools for identifying and designing partnerships for the purpose of promoting DHI based on their scope, function and degree of formality. Copyright © 2007 John Wiley & Sons, Ltd.