interpretation and enabling institutions strengthening the business sector and entrepreneurship in...
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Interpretation and Interpretation and Enabling InstitutionsEnabling Institutions
Strengthening the business sector and Strengthening the business sector and entrepreneurship in developing countriesentrepreneurship in developing countriesUnited NationsUnited NationsOctober 5, 2006October 5, 2006
Natasha IskanderNatasha IskanderAssistant Professor of Public PolicyAssistant Professor of Public PolicyNew York UniversityNew York [email protected]
Diasporas and Diasporas and DevelopmentDevelopment
0
25
50
75
100
125
150
175
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
e
2005
e
$ billionPrivate debt and portfolio equity FDI
ODA
Recordedremittances
10 countries
Remittance flowsRemittance flows
Source: World Bank. Global Economic Prospects 2006
Transnational Labor Transnational Labor MarketsMarkets
How do you promote business development and entrepreneurship in this context?
Transnational Transnational InstitutionsInstitutions Institutions for business Institutions for business
development in transnational development in transnational labor markets: labor markets:
Financial servicesFinancial services InfrastructureInfrastructure KnowledgeKnowledge Political stake/voicePolitical stake/voice
Transnational Transnational InstitutionsInstitutions Institutions for business Institutions for business
development in transnational development in transnational labor markets: labor markets:
Financial services Financial services BCP du Maroc BCP du Maroc InfrastructureInfrastructure KnowledgeKnowledge Political stake/voicePolitical stake/voice
Interpretive Interpretive engagementengagement What is it?What is it?
Collaborative interpretationCollaborative interpretation Process of generating new knowledge Process of generating new knowledge
about transnational fieldsabout transnational fields
Why do we need it? Why do we need it? Unmapped transnational fieldsUnmapped transnational fields New institutions that perform different New institutions that perform different
functions, based on different functions, based on different assumptionsassumptions
La Banque Centrale La Banque Centrale PopulairePopulaire
Moroccan state bankMoroccan state bank Has served emigrants since 1969Has served emigrants since 1969 Successful “bancarization” of emigrant Successful “bancarization” of emigrant
clientele clientele Tailor-made transfer, savings, and Tailor-made transfer, savings, and
investment productsinvestment products
“Bank of the Moroccans of the World”
BCP and emigrant BCP and emigrant depositsdeposits
0%
5%
10%
15%
20%
25%
30%
BCP MRE Deposit
Fuente: FMI; BCP
BCP Moroccan Emigrant Deposits as a Share of Total National Deposits, 1977-2002
Strategy of Strategy of AccompanimentAccompaniment
Repeated cycles of Repeated cycles of interpretive interpretive engagementengagement– 1969: Operation Moroccan Workers Abroad1969: Operation Moroccan Workers Abroad– 1980s: Permanent settlement1980s: Permanent settlement– 1990s: Transnational space1990s: Transnational space
Interpretive Interpretive Engagement Engagement Institutions for business Institutions for business
development in transnational development in transnational labor markets: labor markets:
Financial servicesFinancial services Infrastructure Infrastructure Innovative techno- Innovative techno-
social modelssocial models KnowledgeKnowledge Political stake/voicePolitical stake/voice
Transnational Transnational InstitutionsInstitutions Institutions for business development Institutions for business development
in transnational labor markets: in transnational labor markets: Financial servicesFinancial services InfrastructureInfrastructure Knowledge Knowledge New concepts New concepts
New New organizational formsorganizational forms
New approach to New approach to human capital developmenthuman capital development
Political stake/voicePolitical stake/voice
Transnational Transnational InstitutionsInstitutions Institutions for business Institutions for business
development in transnational development in transnational labor markets: labor markets:
Financial servicesFinancial services InfrastructureInfrastructure Knowledge Knowledge Political stake/voice Political stake/voice New channels for New channels for
political voice and influencepolitical voice and influence
Transnational Labor Transnational Labor MarketsMarkets
How do you promote business development and entrepreneurship in this context?
•Transnational institutions for sustained economic activity
•Knowledge generation in transnational spaces
Transnational Labor Transnational Labor MarketsMarkets
How do you promote business development and entrepreneurship in this context?
Response to institutional barriers that sever transnational fields and prevent knowledge generation