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Investor Presentaiton

Opportunities to Foreign Investment in Kosovo 5. CHAPTER FIVE - Role of Diaspora on Kosovo's development In this chapter will be discussed about the contribution of Diaspora of Kosovo on development of the country and remittances. The issue of Diaspora is regulated by Law on Diaspora of Kosovo No. 03/L-171. The purpose of this Law is to have influence on preservation and cultivation of language, culture and education identity of the Diaspora members and to define their relations with institutions of Republic of Kosovo. The role of Kosovar Diaspora on the Kosovo's development is very important and undeniable. Migration for Kosovars has been a tradition for many decades, and Kosovo is among the countries with greatest migration in Europe. In the 1990s, outmigration accelerated because of the hardships of the war, and culminated in 1999 when hundreds of thousands Kosovars had to leave. However, the resolution of the conflict a decade ago does not seem to have provided incentives for the migrants to return (apart from those that were sent back by host countries providing temporary refuge). Migration has provided a safety valve for large part of the population, providing a source of livelihood in an environment of very high unemployment and poverty rates. The key motivation of migration from Kosovo is employment. At the end of the 1990s, war was a major cause of migration, but now it has been supplanted by unemployment. A common, yet disputed, estimate is that 800,000 members of Kosovo Albanian Diaspora live abroad. The role of migration in building up capacity and skills should not be underestimated. Furthermore, migration can in itself be motivated by the desire to acquire skills and education abroad. If these migrants return, Kosovo could experience a brain gain. Other countries' experiences suggest that improvements in the business environment have provided a basis for migrants or remittance-receiving families to invest. Migrants and Diaspora can contribute to economic development in countries of origin in many ways other than by sending remittances alone. These contributions are less tangible than remittances, but not necessarily less relevant. For instance, they might contribute to economic growth through setting up enterprises themselves or helping families and 37
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