Diaspora Knowledge Flows in the Global Economy

Abstract

Globalization has fostered greater rates of mobility and an increasing reliance on transnational networks for commerce, social interaction, and the transfer of knowledge. This is particularly true among diaspora groups who have left their homelands in search of better economic and political environments. Unlike those of the past, today's migrants stay connected via information and communications technology (ICT). Digital diaspora networks have the potential to reverse brain drain (the flight of human capital resulting from emigration) by facilitating knowledge sharing and technology transfer between the diaspora and the homeland. This paper explores the role that ICT-enabled diasporic networks are playing in reversing brain drain and stimulating brain gain and brain circulation. International development initiatives as well as empirical studies revolving around this concept are reviewed. The case of China is presented as an example of a country that has successfully leveraged its diaspora by implementing a number of strategies, including those based on ICT. A proposed research project, involving the Cape Verdean diaspora in Massachusetts, is also discussed.