Diaspora philanthropy is not a new phenomenon. But in an era of accelerated globalization, the relationship between diaspora philanthropy and the economic and social development of many countries is increasingly relevant. Modern diasporas are diverse and continually shifting; more people are moving more rapidly, more easily, and over greater distances than ever before. This is certainly true of recent migrants from China and India to the United States. In Silicon Valley, Asian Americans are estimated to constitute over 30 percent of the highly paid scientific and engineering workforce and represent one-third of the region's millionaires. As their wealth has grown, so too has their charitable giving—both to their old as well as to their new countries of residence.

This volume aims to advance understanding of diaspora philanthropy in the Chinese American and Indian American communities, especially the implications for development of the world's two most populous countries.

Just as trade, finance, information, and technologies are moving rapidly across borders, so too have labor markets and transnational migrant communities. Migrants are sending large quantities of money back to their countries of origin in the form of philanthropy, remittances, and commercial investments. They are also sharing knowledge and skills learned or developed abroad. Is greater global equity an inevitable consequence of such diaspora philanthropy, or can this giving actually aggravate inequity? Diasporas and Development examines the positive—and sometimes negative—impacts of diaspora engagement in Africa, Asia, Central America, and the Caribbean.

How can the equity impact of this global giving be maximized? Might creative intermediary mechanisms or public policies help channel diaspora philanthropy in positive directions? They also explore motivations for the dark sides of diaspora engagement such as support for extremist organizations, organized crime, ethnic violence, and even civil war. Diasporas and Development aims to deepen the understanding of the promise and pitfalls of diaspora philanthropy and how it might help bridge the distances between societies in an unequal world.