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A proposal to create a transnational network to advance research, programas and projects having to do with transnational immigrants

A proposal to create a transnational network to advance research, programas and projects having to do with transnational immigrants

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  • 1. Transnational Immigrant Innovation Network Alvaro Lima & Peter PlastrikInnovation Network for Communities (April 2008)
  • 2. What if… (scenario 1) Diaspora Capital  financial entity-driven investment in immigrant communities  community financial fitness centers  remittance-based philanthropy for immigrant communities 2
  • 3. Low-income Immigrant Needs Versus Financial Offerings Financial Needs of Low-income Immigrant Cashing Checks Paying Bills Sending Money to Families Bills Payment Borrowing ( short term loans, e.g. payday loans) Savings & Loans Small Check Cashing Savings Deposit Accounts Money Transfer Mainstream Financial Institutions Non- Financial InstitutionsSource: Alvaro Lima and Peter Plastrik, 2005. 3
  • 4. Full-service Portfolio Structured to Serve the Life-cycle Needs of Immigrants Insurance and InvestmentsFinancial Education offered throughout the Life Cycle BUILD • Health, life, auto, and home insurance WEALTH!! AND • Savings bonds, pensions, other investment options • Pension plans GROW • Equity investments & Asset management • Philanthropic investments Credit and Loans • Deposit secured emergency loans RETAIN • Education Loans CREDIT • Flexible small business and home financing • Enhancing credit history Savings & Other Asset-building Products CONVERT • Traditional savings accounts with some non-traditional features • IDA-like accounts with more flexibility SAVINGS • Children’s savings accounts • Credit history building Transactions & Payments ATTRACT • Check cashing INCOME AND • Bills payment • Money transfer (remittances) ACQUIRE • Value cards • Low/No minimum balance deposit accounts 4
  • 5. What if… (scenario 2) Digaai.com  4 million Brazilians around the world:  communicate home with each other (social networking)  register their experience/build unique archives through video, photos, etc.  search newspapers, magazines, websites, etc.  contribute to Brazilian diaspora wiki  store personal information using private web space 5
  • 6. 6
  • 7. What if… (scenario 3) Transnational Index  What:  Data and survey-based ranking of communities by their degree of transnationalism  Published annually in partnership with national media  Why:  create awareness among policy makers of transnational phenomena  identify social and commercial innovation opportunities for transnational immigrant communities  build consciousness among transnational immigrants of unique potential 7
  • 8. Designing the Index 8
  • 9. The Transnational LensTraditional Lenses: Transnational Lenses:immigration conceptualized as a bipolar relation immigration conceptualized as flows of cross-between sending and receiving countries (moving border economic, political and social-culturalfrom there to here) activities (being here and there)emigration is the result of individual search for emigration is the result of geopolitical interests,economic opportunity, political freedom, etc. global linkages, and economic globalizationmigrants are assumed to be the poorest of the migrants are not the poorest of the poor nor dopoor they come from the poorest nationsimmigrants occupy low-skilled jobs in growth in the service and technology-based jobsagriculture, construction, and manufacturing create opportunities for low as well as high skilled migrantsImmigrants steadily shift their contextual focus, After the initial movement, migrants continue toeconomic and social activities to receiving maintain ties with their country of origincountryimmigration should not bring about significant immigration creates hybrid societies with a richerchange in the receiving society cultural milieu 9
  • 10. A Transnational Immigrant Innovation Network 10
  • 11. 1st Generation Innovation PortfolioDigaai.com Transnational IndexDiaspora Capital ServicesEnglish for Speakers of Other Languages (ESOL)    Transnational FellowsResearch Projects (transnational immigrant organizations)Publications 11