A country can use its diaspora, or the group of people who have emigrated from the country and settled in other parts of the world, to attract foreign direct investment (FDI) by leveraging their connections, resources, and knowledge. Diaspora mapping tools like NamSor Origin can help to better target diasporas for investment promotion and growing remittances by providing detailed information on the demographics and characteristics of a country’s diaspora population.
At NamSor, since 2012, we’ve helped countries reconnect with their diaspora, using our advanced AI to recognize personal names with high accuracy, and to produce new disaggregated information. It took us a while to understand the concept of “diaspora”, how they affect foreign direct investment, remittances, brain-gain vs. brain-drain, the travel industry, real estate … We’ve asked ChatGPT “what is a diaspora”.
Behavioural finance: can you play a foreign investor’s biases towards your goals? Diasporas have a positive impact on trade and foreign investment, but it is critical to engage them in a targeted manner and make sure any “behavioural biases” will work in the favour of investing in YOUR country.
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