Dilip Ratha and Sonia Plaza have a nice article in Finance & Development recommending a number of concrete actions for developing countries, the standouts for me being;
- developing networks - there is a key role for embassies to play here, who could be doing a much better job at connecting with and engaging their diaspora (can they learn something from university alumni offices?)
- allowing dual citizenship (make coming and going as easy as possible, and people will come more often - currently "only 21 of Africa’s 54 countries allow dual citizenship")
- diaspora bonds (giving diaspora the opportunity to save their money by lending to the government and thus investing in their home country)
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