Tropical capitalists: U.S.-bound immigration and small-enterprise development in the dominican republic

Alejandro Portes, Luis E. Guarnizo

Research output: Chapter in Book/Report/Conference proceedingChapter

2 Scopus citations

Abstract

This chapter examines the linkages between Dominican labor migration to the United States and the development of small firms in the Dominican Republic. It aims to explore the possible effects of labor migration on the economic development of the sending country and, especially, of its small-firm sector; and investigates the consequences of successful small enterprise development on both the Dominican migrant outflow to the United States and on return migration. Immigrant entrepreneurs and returnees—such as most respondents in our sample—can carry out, however, other types of transfer, including investment capital and producer goods for use in domestic enterprises. Partners and co-owners of existing enterprises are the single largest source of working capital. Copying the laws used to promote foreign investment, migrant investors in selected sectors should be exempted from paying taxes on incomes resulting from enterprises in which the initial investment is from savings abroad.

Original languageEnglish (US)
Title of host publicationMigration, Remittances, and Small Business Development
Subtitle of host publicationMexico and Caribbean Basin Countries
PublisherTaylor and Francis
Pages101-131
Number of pages31
ISBN (Electronic)9780429695148
ISBN (Print)0813383404, 9780367016647
DOIs
StatePublished - Jan 1 2019
Externally publishedYes

ASJC Scopus subject areas

  • Social Sciences(all)

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