Diaspora

A copublication of the World Bank and Palgrave Macmillan, this book is the result of extensive research from a diverse group of experts.

Recently a friend shared a recent banking experience. My friend, Clara, is an undocumented worker who makes her living cleaning houses. Her current employer is a wealthy woman with an 8 bedroom mansion in an exclusive suburb in Silicon Valley.

When I was a venture capitalist, I was often asked what it would take to create a venture capital industry in Mexico or Indonesia or just about anywhere outside of Silicon Valley. There were often many very good reasons why it couldn't or hadn't happen - deal flow, amount of money that needed to be invested, cost of managing a fund, a service provider ecosystem, etc.

Candle Light Vigil for Earthquake Victims in Pakistan

The situation in Pakistan is still worse. People are still suffering and dying. Aftershocks are still rocking the country and making it impossible to work and live. 

I reacted to the article and resonated with the last Nita Goyal's post on Brain Drain at the Digital Vision program. Let me convey my vision on the topic of the diaspora starting with three very close stories:

A bee takes the wealth from flowers and transforms it into honey for its community.

Vi's blog reminds me of an article in NY Times last week on a World Bank study that talked about brain drain from small developing countries and how it is affecting the growth of middle class and the overall economic development of the countries themselves. The effect is much more pronounced in the small countries in Africa, Carribean and Central America; the large developing nations such as India, China, Brazil, Indonesia have only about 5% brain drain which is not as damaging.

In the New England Journal of Medicine is an article about the brain drain of physicians, The Metrics of Physician Brain Drain.. I heard about it on NPR. Check it out.

In the article "What Works: Lo Pequeño Es Hermoso (Small is Beautiful) - Banks in Mexico say that microloans are helping the poor while boosting their profits"

“Access to capital in developing countries is a vexing problem,”

Indigo Financiera is mentioned in the NextBilion.net blog:

http://www.nextbillion.net/node/1550