Foreign Direct Investment in China and India: Diasporas in Homeland Reform
Abstract
China and India have drawn on transnational diasporas to implement past reforms. Entrepreneurial diasporas were the bedrock of China's foreign direct investment and exports. Professional diasporas were key policy advisors in India. Both countries presently have diasporas to carry out social reform in China and to spur entrepeneurship in India. Whether diasporas can play such roles in the future depends on the leadership and vision of their home states.