TAILIEUCHUNG - Beyond Remittances: The Role of Diaspora in Poverty Reduction in their Countries of Origin

Certain attempts to undertake reforms in the socialist economy led to reactiva- tion of the Belgrade Stock Exchange (BSE) in 1989, and it has functioned without interruption since then. The stock exchange conducts activities related to organiza- tion of trade with securities and financial derivatives. The position and activities of the stock exchange are stipulated by the Law on Securities and Other Financial Instruments’ Market, as the most important act in this area, which will be discussed in some detail below. Certain regulations of importance for the stock exchange are also contained in the Law on Corporate Societies, especially regarding issues related to the organization of the stock. | E zz pi MIGRATION POLICY I INSTITUTE Beyond Remittances The Role of Diaspora in Poverty Reduction in their Countries of Origin A Scoping Study by the Migration Policy Institute for the Department of International Development July 2004 By Kathleen Newland Director with Erin Patrick Associate Policy Analyst Migration Policy Institute 1400 16th Street NW Suite 300 Washington DC 20036 202-266-1940 The Migration Policy Institute is an independent nonpartisan nonprofit think tank dedicated to the study of the movement of people worldwide. The Institute provides knowledge-based analysis development and evaluation of migration and refugee policies at the local national and international levels. Additional information on migration and development can be found on the Migration Information Source MPI s web-based resource for current and accurate migration and refugee data and analysis at . i Table of Contents Executive Summary iv Introduction 1 Table 1 Resource flows to developing countries in billions of US Part I Overview of Country of Origin Policies and Practice towards Diaspora 3 China Table 2 Foreign Direct Investment Inflows in China 1990-2001 India Table 3 Percentage Distribution of NRIs and PIOs by Region Text Box Investment or remittances Chinese and Indian Patterns Eritrea Table 4 Total Number of Eritrean Refugees 1992-2003 The Philippines Mexico Table 5 Stock of Foreign Born from Mexico in the United States 1995-2003 Taiwan Reflections Part II Diaspora Engagement in Countries of Origin 14 Home Town Associations Business Networks Building Social Capital Perpetuating Conflict Moderating Conflict Philanthropy Reflections Part III Donors Engagement with Diaspora 23 Human Capital Programs Community Development Research Building Capacity in Diaspora Communities Reflections ii Part IV Recommendations 28 1. Research 2. Remittances 3. Ownership 4. Building on Success 5. Public-Private Partnerships 6. Networking 7. .

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