More Than Sending Money Home

The world-wide diaspora has a potential for jump-starting economies

Peter Schneider
Published: Wednesday, 04/13/2005 12:00 am EDT

Call it the 'human face' of globalization. The role of millions of migrant workers who form global diasporas, remitting streams of hard currency to their home countries in the developing world, along with technologies and values, is a phenomenon whose potential is only now being tapped by researchers seeking avenues of improving the lives of the world's poor. The acceleration of travel, trade, telecommunications, and money transfers has created a new immigration reality, where workers can live and work for years in the United States and Canada while still remaining deeply connected to the lands of their birth.

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