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Interpretation and Enabling Institutions. Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006. Natasha Iskander Assistant Professor of Public Policy New York University natasha.iskander@nyu.edu. Diasporas and Development. 10 countries.
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Interpretation and Enabling Institutions Strengthening the business sector and entrepreneurship in developing countries United Nations October 5, 2006 Natasha IskanderAssistant Professor of Public PolicyNew York Universitynatasha.iskander@nyu.edu
10 countries Remittance flows Private debt and portfolio equity Recorded remittances FDI ODA Source: World Bank. Global Economic Prospects 2006
Transnational Labor Markets How do you promote business development and entrepreneurship in this context?
Transnational Institutions • Institutions for business development in transnational labor markets: • Financial services • Infrastructure • Knowledge • Political stake/voice
Transnational Institutions • Institutions for business development in transnational labor markets: • Financial services BCP du Maroc • Infrastructure • Knowledge • Political stake/voice
Interpretive engagement • What is it? • Collaborative interpretation • Process of generating new knowledge about transnational fields • Why do we need it? • Unmapped transnational fields • New institutions that perform different functions, based on different assumptions
La Banque Centrale Populaire • Moroccan state bank • Has served emigrants since 1969 • Successful “bancarization” of emigrant clientele • Tailor-made transfer, savings, and investment products “Bank of the Moroccans of the World”
BCP and emigrant deposits BCP Moroccan Emigrant Deposits as a Share of Total National Deposits, 1977-2002 Fuente: FMI; BCP
Strategy of Accompaniment • Repeated cycles of interpretive engagement • 1969: Operation Moroccan Workers Abroad • 1980s: Permanent settlement • 1990s: Transnational space
Interpretive Engagement • Institutions for business development in transnational labor markets: • Financial services • Infrastructure Innovative techno-social models • Knowledge • Political stake/voice
Transnational Institutions • Institutions for business development in transnational labor markets: • Financial services • Infrastructure • Knowledge New concepts New organizational forms New approach to human capital development • Political stake/voice
Transnational Institutions • Institutions for business development in transnational labor markets: • Financial services • Infrastructure • Knowledge • Political stake/voice New channels for political voice and influence
Transnational Labor Markets How do you promote business development and entrepreneurship in this context? • Transnational institutions for sustained economic activity • Knowledge generation in transnational spaces
Transnational Labor Markets How do you promote business development and entrepreneurship in this context? Response to institutional barriers that sever transnational fields and prevent knowledge generation