With increased movements of people around the world, the role of transnational economic activity is becoming ever more significant. Yet little is understood about the motivations and contribution of those who return to their homeland to undertake entrepreneurial activity. The Diaspora and Returnee Entrepreneurship analyzes the role that the diaspora play when returning as entrepreneurs to their homeland. Nick Williams investigates "returnee entrepreneurs," or people who have moved away from their home country, lived as part of the diaspora, and later returned home to live, invest, or both. Based on exhaustive research, this book examines the motivations and activities of these returnee entrepreneurs coming back to challenging homeland economies. Williams draws on evidence from the post-conflict economies of Bosnia, Herzegovina, Kosovo, and Montenegro, all of which are characterized by relatively weak institutional environments. His analysis shows how return to complex environments is often not based on perceived profit opportunities but is due to an emotional attachment informing investment decisions. Exploring questions of isolation versus assimilation, institutional involvement, and personal networking, the book covers more than just the policy approaches that extract higher levels of remittances and studies broad and varied approaches being used by governments around the world, specifically those in post-conflict economies. Through an in-depth study of the dynamics of return and entrepreneurship, this book shows that concerted efforts need to be made to improve perceptions of state political institutions among the diaspora to secure further assimilation, investment, and prosperity. Williams proves that by understanding the challenges and opportunities associated with diaspora return entrepreneurship, more effective strategies can, and should, be put in place.

Abstract: Nick Williams: The Diaspora and Returnee Entrepreneurship: Dynamics and Development in Post-Conflict Economies. Oxford: Oxford University Press 2021. 978-0-19-091187-4

With increased movements of people around the world, the role of transnational economic activity is becoming ever more significant. Yet little is understood about the motivations and contribution of those who return to their homeland to undertake entrepreneurial activity. The Diaspora and Returnee Entrepreneurship analyzes the role that the diaspora play when returning as entrepreneurs to their homeland. Nick Williams investigates "returnee entrepreneurs," or people who have moved away from their home country, lived as part of the diaspora, and later returned home to live, invest, or both. Based on exhaustive research, this book examines the motivations and activities of these returnee entrepreneurs coming back to challenging homeland economies. Williams draws on evidence from the post-conflict economies of Bosnia, Herzegovina, Kosovo, and Montenegro, all of which are characterized by relatively weak institutional environments. His analysis shows how return to complex environments is often not based on perceived profit opportunities but is due to an emotional attachment informing investment decisions. Exploring questions of isolation versus assimilation, institutional involvement, and personal networking, the book covers more than just the policy approaches that extract higher levels of remittances and studies broad and varied approaches being used by governments around the world, specifically those in post-conflict economies. Through an in-depth study of the dynamics of return and entrepreneurship, this book shows that concerted efforts need to be made to improve perceptions of state political institutions among the diaspora to secure further assimilation, investment, and prosperity. Williams proves that by understanding the challenges and opportunities associated with diaspora return entrepreneurship, more effective strategies can, and should, be put in place.

The advancement and progression of migrant businesses has increased significantly in the globalized modern society. As such, current research has emerged regarding the characteristics of transnational economic activities. Diasporas and Transnational Entrepreneurship in Global Contexts is an essential reference publication for the latest material on the nature, process, and outcome of migrant entrepreneurs’ economic activities expanding from their countries of origin to their countries of residence. Featuring coverage on a broad range of topics, such as regional growth, industrial development, and employment generation, this book is ideally designed for researchers, advanced-level students, practitioners, managers, and policy-makers seeking current research on how economic development can be encouraged and nurtured among ethnic entrepreneurs and businesses.

Diaspora Business provides interdisciplinary views and empirical research on diaspora in the global business and economy. It presents developed, emerging and developing countries and aspects from investments to institutional support.

Recent paradigms have highlighted the capacity of returnee migrants to generate developmental impacts on their countries of origin through investment of their capital. This group of migrants could contribute remotely through various channels of engagement, such as knowledge and skills transfers, financial remittances, diaspora direct investments, entrepreneurial undertakings, and diaspora networks. This case study evaluates strategies that a motivated returnee entrepreneur employed in establishing and managing her business activities in her country of origin. The case also investigates obstacles she encounters. At a crossroad, the entrepreneur is contemplating her next move, utilising her personal and entrepreneurial experiences. The choices are threefold: to remain, to retreat, or to readjust.

Externally-promoted institutional reform, even when nominally accepted by developing country governments, often fails to deliver lasting change. Diasporans-immigrants who still feel a connection to their country of origin-may offer an In-Between Advantage for institutional reform, which links problem understanding with potential solutions, and encompasses vision, impact, operational, and psycho-social advantages. Individuals with entrepreneurial characteristics can catalyzing institutional reform. Diasporans may have particular advantages for entrepreneurship, as they live both psychologically and materially between the place of origin they left and the new destination they have embraced. Their entrepreneurial characteristics may be accidental, cultivated through the migration and diaspora experience, or innate to individuals' personalities. This book articulates the diaspora institutional entrepreneur In-Between Advantage, proposes a model for understanding the characteristics and motivational influences of entrepreneurs generally and how they apply to diaspora entrepreneurs in particular, and presents a staged model of institutional entrepreneur actions. I test these frameworks through case narratives of social institutional reform in Egypt, economic institutional reform in Ethiopia, and political institutional reform in Chad. In addition to identifying policy implications, this book makes important theoretical contributions in three areas. First, it builds on existing and emerging critiques of international development assistance that articulate prescriptions related to alternative theories of change. Second, it fills an important gap in the literature by focusing squarely on the role of agency in institutional reform processes while still accounting for organizational systems and socio-political contexts. In doing so, it integrates a more expansive view of entrepreneurism into extant understandings of institutional entrepreneurism, and it sheds light on what happens in the frequently-invoked black box of agency. Third, it demonstrates the fallacy of many theoretical frameworks that seek to order institutional change processes into neatly definable linear stages.