The South Asian diaspora, “Global Desi Community” hailing from India, Pakistan, Sri Lanka, Bangladesh, Nepal, and Bhutan, is a vibrant community spread across the globe. As they settle in their adopted countries, they carry with them a wealth of skills, expertise, and cultural heritage. Taking inspiration from the Chinese diaspora’s tremendous success in transforming China into a manufacturing and export powerhouse, the South Asian diaspora now seeks to emulate this success and contribute to the growth of their motherland. This article explores how the South Asian diaspora can leverage their connections, investments, expertise, and market knowledge to promote their home countries and drive economic development.
The Chinese Diaspora Success Story
The Chinese diaspora’s impact on China’s economic growth has been monumental. With their entrepreneurial spirit and global networks, they played a pivotal role in turning China into a manufacturing hub and an exporting giant. The Chinese diaspora’s engagement with international markets and investments facilitated China’s integration into the global economy.
Understanding the South Asian Diaspora
The South Asian diaspora is a diverse community, representing a wide range of skills and talents. From successful entrepreneurs and skilled professionals to artists and academics, they have excelled in various fields. Their significant presence in different countries presents a unique opportunity for their motherland to tap into their expertise and networks.
Tapping into Diaspora Connections
One of the most valuable assets the South Asian diaspora possesses is their connections with their adopted countries. Governments of South Asian nations are increasingly recognizing the importance of engaging with their overseas citizens to foster economic development. By creating platforms for dialogue and collaboration, these countries can harness the diaspora’s influence and advocate for their homeland’s potential in their adopted countries.
Investment Opportunities and Partnerships
The South Asian diaspora can play a crucial role in driving investments and establishing partnerships between their adopted countries and their motherland. By investing in industries with high potential, such as technology, infrastructure, and renewable energy, they can spur economic growth and create job opportunities back home. Diaspora-led partnerships can also bridge the gap between local industries and global markets, facilitating international trade and exports.
Sharing Expertise and Knowledge Exchange
The South Asian diaspora is a treasure trove of knowledge and expertise that can be shared with their home countries. Establishing knowledge exchange programs, mentorship initiatives, and academic collaborations can uplift local industries and boost innovation. Encouraging skilled diaspora members to contribute to research and development can lead to advancements in various sectors and enhance the competitiveness of South Asian natio
The Indian Diaspora Connecting India and the World for Investment and Trade.pdfFoxnangel
The Indian diaspora, scattered across the globe, represents a bridge between India and the rest of the world. As a force that transcends borders, the Indian diaspora plays a pivotal role in fostering investment and trade connections, not only strengthening the Indian economy but also contributing to the global economy.
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Presentation delivered by Magdy ElDakiky, Community Economic Development Specialist, Ontario Ministry of Agriculture, Food and Rural Affairs at November 27 2008 \"Economies in Transition\" forum in Chatham, Ontario.
Ist Think Tank Entreprenuers Forum in Lesotho ( invitation , call for papers ...SEJOJO PHAAROE
In front of the current main disruptive changes the world is facing, entrepreneurship, creating both wealth and social justice, is key for shaping the world.
It embraces the regionality of the entrepreneurial ecosystem
•Business Entrepreneurs
•Social Entrepreneurs
•Philosophers
•Policy Makers
•Experts
•Academics
•Youth empowerment
•Research scientists
•Health professionals
It is altogether a Think Tank and a Do Tank
•We will share the latest trends and issues about global entrepreneurship.
•We will develop ideas and recommendations aimed at promoting and spreading entrepreneurship regionally .
•We will facilitate and implement entrepreneurial initiatives on a local or global scale
•By Creating Innovative and High-Growth Companies, to generate millions of jobs around the planet;
•Developing Entrepreneurship at the Bottom of the Pyramid, to alleviate poverty and create new markets;
•Implementing Entrepreneurial Education, to disseminate entrepreneurial mindset, skills and competencies throughout society, on a lifelong basis
WE ARE CALLING FOR PAPERS, AND USE THE REGISTRATION FORM ATTACHED FOR YOUR TRAVEL , AND LEETES OF RELEASE AND ACCOMODATION
The Indian Diaspora Connecting India and the World for Investment and Trade.pdfFoxnangel
The Indian diaspora, scattered across the globe, represents a bridge between India and the rest of the world. As a force that transcends borders, the Indian diaspora plays a pivotal role in fostering investment and trade connections, not only strengthening the Indian economy but also contributing to the global economy.
The Culture of Welcoming: Attracting and Retaining Creative ClassEmily Robson
Presentation delivered by Magdy ElDakiky, Community Economic Development Specialist, Ontario Ministry of Agriculture, Food and Rural Affairs at November 27 2008 \"Economies in Transition\" forum in Chatham, Ontario.
Ist Think Tank Entreprenuers Forum in Lesotho ( invitation , call for papers ...SEJOJO PHAAROE
In front of the current main disruptive changes the world is facing, entrepreneurship, creating both wealth and social justice, is key for shaping the world.
It embraces the regionality of the entrepreneurial ecosystem
•Business Entrepreneurs
•Social Entrepreneurs
•Philosophers
•Policy Makers
•Experts
•Academics
•Youth empowerment
•Research scientists
•Health professionals
It is altogether a Think Tank and a Do Tank
•We will share the latest trends and issues about global entrepreneurship.
•We will develop ideas and recommendations aimed at promoting and spreading entrepreneurship regionally .
•We will facilitate and implement entrepreneurial initiatives on a local or global scale
•By Creating Innovative and High-Growth Companies, to generate millions of jobs around the planet;
•Developing Entrepreneurship at the Bottom of the Pyramid, to alleviate poverty and create new markets;
•Implementing Entrepreneurial Education, to disseminate entrepreneurial mindset, skills and competencies throughout society, on a lifelong basis
WE ARE CALLING FOR PAPERS, AND USE THE REGISTRATION FORM ATTACHED FOR YOUR TRAVEL , AND LEETES OF RELEASE AND ACCOMODATION
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In Bangladesh, the diaspora’s contribution to development is viewed only in terms of remittances that go primarily to support families in Bangladesh. Bangladesh should accelerate its efforts to harness the knowledge skills, expertise and investment potential of diaspora to support transformative development. However, to accomplish this task, Bangladesh needs to be more systematic, structured and strategic in its engagement with its diaspora.
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Thousands of people will gather in Delhi on 9 January 2003, to discuss the potential of a global community of Indians, to rejuvenate the bonds among overseas Indians, and to sensitize India about their issues and concerns. This is likely to be a terrific event. Yet, after the music is over and the speeches are made, after the awards are presented and friends united, there will remain the question that will only be answered one transaction at a time in the years to come: What is the economic and social basis for a sustainable partnership between India and its diaspora, and for a valuable network amongst the diaspora?
Economists believe that Indian GDP growth of 10 percent per year will require an increase in annual investment from 24 percent of GDP to 30 percent of GDP, and a doubling of labor and capital productivity. The Indian diaspora can help close India’s investment gap, raise productivity, and can also contribute in a number of other ways that make it a significant partner in India’s development. This paper lays out a framework for exploring the role of the Indian diaspora in India and independent of India.
The first chapter demonstrates that the diaspora wields commercial and social influence from its rising prosperity, its business and technical skills, its willingness to invest in India, as well as the value the network itself generates for its members. The diaspora, which is often considered a liability, a ‘Brain Drain’, is in fact a severely underutilized asset; it is a ‘Brain Trust’, to be leveraged.
The second chapter discusses how overseas Indians believe they can contribute to India’s development. They hope that India will welcome their involvement and recognize that they can be important contributors to India’s growth. The diaspora can and has already begun to partner with India in several ways: as investor, customer, supplier, ambassador, and philanthropist.
The third chapter argues that cultivating a partnership with the diaspora requires an ‘enabling environment’, i.e., creating a virtuous cycle that includes clear-headed economic, trade, and foreign policy; availability of labor, capital, technology, and business infrastructure; effective and efficient legal recourse; and demonstrable progress in quality of life. Although several efforts to develop partnerships with, and among, the diaspora are already underway, strong leaders, a win-win mindset, and sustained implementation can significantly accelerate growth.
The African Innovation Foundation works to increase the prosperity of Africans by catalyzing the innovation spirit in Africa.
AIF mobilizes and facilitates innovative projects that unlock African potential across the continent. Its core program focus areas include access to technology, law and governance, and social impact development.
AIF seeks to establish co-operation platforms for institutions, investors and innovators, and promote ideas to support them.
The African Innovation Foundation works to increase the prosperity of Africans by catalyzing the innovation spirit in Africa.
AIF mobilizes and facilitates innovative projects that unlock African potential across the continent. Its core program focus areas include access to technology, law and governance, and social impact development.
AIF seeks to establish co-operation platforms for institutions, investors and innovators, and promote ideas to support them.
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The second chapter discusses how overseas Indians believe they can contribute to India’s development. They hope that India will welcome their involvement and recognize that they can be important contributors to India’s growth. The diaspora can and has already begun to partner with India in several ways: as investor, customer, supplier, ambassador, and philanthropist.
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Unleashing the Power of the South Asian Diaspora_ Learning from China’s Success in Manufacturing and Exports.pdf
1. Unleashing the Power of the South
Asian Diaspora: Learning from
China’s Success in Manufacturing
and Exports
Discover the untapped potential of the South Asian diaspora from India,
Pakistan, Sri Lanka, Bangladesh, Nepal, and Afghanistan. Learn how they
can learn from China's manufacturing and export success to promote their
motherland through connections, investments, expertise, and market
knowledge.
Image by Freepik
Dr.Tausif Malik
2. The South Asian diaspora, “Global Desi Community” hailing from India,
Pakistan, Sri Lanka, Bangladesh, Nepal, and Bhutan, is a vibrant community
spread across the globe. As they settle in their adopted countries, they carry
with them a wealth of skills, expertise, and cultural heritage. Taking inspiration
from the Chinese diaspora’s tremendous success in transforming China into a
manufacturing and export powerhouse, the South Asian diaspora now seeks to
emulate this success and contribute to the growth of their motherland. This
article explores how the South Asian diaspora can leverage their connections,
investments, expertise, and market knowledge to promote their home countries
and drive economic development.
The Chinese Diaspora Success Story
The Chinese diaspora’s impact on China’s economic growth has been
monumental. With their entrepreneurial spirit and global networks, they played
a pivotal role in turning China into a manufacturing hub and an exporting giant.
The Chinese diaspora’s engagement with international markets and investments
facilitated China’s integration into the global economy.
Understanding the South Asian Diaspora
The South Asian diaspora is a diverse community, representing a wide range of
skills and talents. From successful entrepreneurs and skilled professionals to
artists and academics, they have excelled in various fields. Their significant
presence in different countries presents a unique opportunity for their
motherland to tap into their expertise and networks.
3. Tapping into Diaspora Connections
One of the most valuable assets the South Asian diaspora possesses is their
connections with their adopted countries. Governments of South Asian nations
are increasingly recognizing the importance of engaging with their overseas
citizens to foster economic development. By creating platforms for dialogue and
collaboration, these countries can harness the diaspora’s influence and advocate
for their homeland’s potential in their adopted countries.
Investment Opportunities and Partnerships
The South Asian diaspora can play a crucial role in driving investments and
establishing partnerships between their adopted countries and their motherland.
By investing in industries with high potential, such as technology, infrastructure,
and renewable energy, they can spur economic growth and create job
opportunities back home. Diaspora-led partnerships can also bridge the gap
between local industries and global markets, facilitating international trade and
exports.
Sharing Expertise and Knowledge Exchange
The South Asian diaspora is a treasure trove of knowledge and expertise that
can be shared with their home countries. Establishing knowledge exchange
programs, mentorship initiatives, and academic collaborations can uplift local
industries and boost innovation. Encouraging skilled diaspora members to
contribute to research and development can lead to advancements in various
4. sectors and enhance the competitiveness of South Asian nations in the global
arena.
Promoting Culture and Market
The South Asian diaspora can act as powerful cultural ambassadors for their
motherland. Promoting South Asian culture, art, cuisine, and traditions in their
adopted countries can foster cross-cultural understanding and attract tourism.
Additionally, marketing South Asian products in international markets can boost
exports and raise the global profile of South Asian countries.
Overcoming Challenges
While the South Asian diaspora has immense potential, they may encounter
challenges such as bureaucratic barriers, legal complexities, and cultural
differences. Governments must create supportive policies and streamline
processes to encourage diaspora engagement. Establishing dedicated agencies
or offices to facilitate diaspora interactions can be instrumental in overcoming
hurdles.
Tapping into the Power of Each Diaspora
Indian Diaspora
The Indian diaspora is one of the largest and most diverse in the world, spread
across various continents. With their vast network and professional
achievements, they have the potential to significantly contribute to India’s
economic growth. Indian diaspora members can act as catalysts for foreign
5. direct investment (FDI) and technological collaborations. By engaging in joint
ventures and setting up businesses in India, they can boost employment
opportunities and encourage skill transfer. Additionally, Indian diaspora
entrepreneurs can promote “Made in India” products and services in their
adopted countries, facilitating exports and creating brand recognition for Indian
industries.
Pakistani Diaspora
The Pakistani diaspora, characterized by professionals, skilled workers, and
business entrepreneurs, can play a crucial role in Pakistan’s economic
development. Through philanthropic initiatives and investments in education
and healthcare sectors, they can help bridge gaps in critical areas. Leveraging
their expertise in various fields, they can also promote research and
development and contribute to technological advancements in Pakistan.
Moreover, the Pakistani diaspora can act as ambassadors to foster cultural
exchange and improve Pakistan’s global image, attracting tourism and foreign
investments.
Bangladeshi Diaspora
The Bangladeshi diaspora, particularly concentrated in the Middle East and
North America, holds the potential to be a driving force for Bangladesh’s
progress. By investing in key sectors like textiles, apparel, and information
technology, they can bolster Bangladesh’s export capabilities. The diaspora can
also promote Bangladeshi art, music, and crafts to raise the country’s cultural
profile. Additionally, Bangladeshi diaspora members can facilitate
6. knowledge-sharing in fields like healthcare and education, contributing to the
country’s overall development.
Sri Lankan Diaspora
The Sri Lankan diaspora, dispersed across countries like the United Kingdom,
Australia, and Canada, has significant expertise in fields like engineering,
medicine, and finance. Through skill-based volunteering and knowledge transfer
programs, they can uplift Sri Lanka’s infrastructure and service sectors.
Diaspora-led investments in tourism, agriculture, and technology can create job
opportunities and foster economic growth. The Sri Lankan diaspora can also
promote Sri Lanka as a preferred tourist destination, attracting more visitors
and boosting the country’s revenue from the tourism industry.
Nepalese Diaspora
The Nepalese diaspora, known for their resilience and adaptability, has a strong
presence in countries like the United States, the United Kingdom, and the Gulf
countries. They can contribute significantly to Nepal’s development through
investments in areas like renewable energy, agriculture, and tourism. By
participating in volunteer initiatives and capacity-building projects, they can
enhance Nepal’s healthcare and education sectors. The diaspora’s engagement
can also bolster Nepal’s image as a culturally rich and ecologically diverse
nation, attracting eco-tourism and sustainable investments.
Afghanistani Diaspora
7. The Afghanistani diaspora, spread across different continents, can play a pivotal
role in Afghanistan’s reconstruction and economic revival. Through investments
in sectors like mining, infrastructure, and agriculture, they can help Afghanistan
utilize its vast natural resources and promote economic stability. The diaspora
can also actively contribute to peace-building efforts and support social
development projects in the country. Additionally, Afghanistani diaspora
members can raise awareness about Afghan culture, history, and heritage,
fostering international understanding and encouraging tourism.
The support of the diaspora can significantly contribute to the growth
of the economy and create jobs in their respective home countries in
several ways:
1. Investment: Diaspora members can invest in various sectors of the
economy, such as infrastructure, technology, manufacturing, and agriculture.
Their financial contributions can help fund new businesses and projects, leading
to job creation and economic development.
2. Knowledge Transfer: The diaspora often possesses valuable skills,
expertise, and industry knowledge acquired in their adopted countries. By
participating in knowledge exchange programs and providing mentorship, they
can help local entrepreneurs and professionals improve their skills and
efficiency, leading to increased productivity and job opportunities.
3. Market Access: The diaspora’s connections in their adopted countries can
provide access to international markets for their home country’s products and
8. services. This can lead to increased exports and business expansion, resulting in
more employment opportunities for the local workforce.
4. Technology and Innovation: Diaspora members, particularly those
working in cutting-edge industries, can introduce new technologies, innovations,
and best practices to their home countries. This infusion of technological
advancements can drive economic growth and create demand for skilled
workers in emerging sectors.
5. Entrepreneurship: Many members of the diaspora are entrepreneurs who
have succeeded in their adopted countries. By encouraging entrepreneurship in
their home countries, they can inspire and support local startups and small
businesses, contributing to job creation and economic diversification.
6. Foreign Direct Investment (FDI): Diaspora members can act as conduits
for foreign direct investment by attracting investments from their adopted
countries to their home countries. FDI inflows can lead to the establishment of
new businesses and industries, creating employment opportunities for the local
workforce.
7. Tourism Promotion: The diaspora can play a role in promoting their home
countries as tourist destinations. By showcasing the cultural richness, historical
significance, and natural beauty of their homelands, they can attract more
tourists, leading to increased demand for hospitality services and job
opportunities in the tourism sector.
9. 8. Remittances: Remittances sent by diaspora members to their families in
their home countries can provide much-needed financial support to local
households. This can boost consumption and improve the standard of living,
indirectly contributing to economic growth.
9. Capacity Building: The diaspora can support education and skill
development initiatives in their home countries, helping to build a skilled
workforce that meets the demands of modern industries. A well-trained
workforce is essential for economic growth and job creation.
10. Networking and Partnerships: By fostering networking and partnerships
between their adopted countries and their home countries, the diaspora can
facilitate international collaboration and business opportunities, resulting in
economic benefits and job opportunities in both regions.
Conclusion
The South Asian diaspora, including the Indian, Pakistani, Bangladeshi, Sri
Lankan, Nepalese, and Afghanistani diaspora, holds immense potential in
driving economic growth and promoting their respective motherlands. By
capitalizing on their connections, investments, expertise, and market
knowledge, these diaspora communities can forge stronger ties with their
adopted countries and champion the economic empowerment of their
homelands. As they learn from the success of the Chinese diaspora, their
collective efforts can pave the way for a prosperous and interconnected South
Asia on the global stage. Governments and businesses must seize this
10. opportunity to engage with their diaspora communities and work hand in hand
to achieve sustainable development and progress for the entire region.
The South Asian diaspora is a valuable asset that holds the key to the economic
empowerment of their motherland. By learning from the Chinese diaspora’s
success and channeling their connections, investments, expertise, and market
knowledge, they can pave the way for economic growth and prosperity in South
Asia. Governments, businesses, and the diaspora themselves must work
together to harness this immense potential and create a brighter future for their
home countries. As the South Asian diaspora unites to contribute to their
motherland’s progress, their impact on the global stage will undoubtedly be
significant, much like their Chinese counterparts before them. Through this
united approach, the South Asian diaspora can truly become agents of change
and prosperity for their motherland, just as the Chinese diaspora did for China.
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