DIASPORAS ARE INROADS!
Diasporic businesses are on the rise!
The leading Asian nationalities in the United States are the Chinese and Indian: They have the highest education attainment for Asian minorities, so have high-skill jobs and middle to high-class incomes. A distant third minority group is the Arab one, mainly Lebanese and Egyptians, scattered over Michigan, New York, and California.
This is a great opportunity for global business and start-ups.
The Chinese and Indian diasporas now migrate in steady numbers and many also plan on remaining in the US—for business, education, or other reasons—or returning to contribute to their countries. The goal is to see immigrants as a global, fluid diaspora that can “give back.”
Silicon Valley is a common– not necessarily the strongest or only– example of successful Chinese and Indian immigrants.
Not only are their economic and technical contributions to Silicon Valley recognized, but their future potential is also only increasing. Their deep immersion in high-skill, technical jobs means they are a great conduit of traffic and business.
Chinese migrants in those high-skilled jobs have more exposure and education than their fellow Chinese workers in other industries, such as peddling, hospitality, inn-keeping, or shopkeeping in
Los Angeles and Chinese enclaves in other US cities. The multiplier effect is the importance of diasporas in leveraging their home countries in international business. As such, the Chinese, Indians, and, to less extent, Arabs have cultivated an extended, at least bi-cultural, network of contacts and other important resources.
Education: The number of young adults approaching graduation from emerging markets, especially China and India, is staggering so companies and entrepreneurs can offer language and preparatory courses. Lumiere Education in the US, Edx in Boston, and Toppr in India are examples.
Education: The number of young adults approaching graduation from emerging markets, especially China and India, is staggering so companies and entrepreneurs can offer language and preparatory courses. Lumiere Education in the US, Edx in Boston, and Toppr in India are examples.
Transportation, Visa assistance, and networking: These are institutional or industry gaps waiting to be filled. Pony.ai in China and Sharechat in India are examples.
Transportation, Visa assistance, and networking: These are institutional or industry gaps waiting to be filled. Pony.ai in China and Sharechat in India are examples.
Food and delivery: Milkbasket in India is a major example.
Food and delivery: Milkbasket in India is a major example.
Medical services: Online booking and inquiries in medicine are becoming more popular. Doctor Insta. in India is an example.
Medical services: Online booking and inquiries in medicine are becoming more popular. Doctor Insta. in India is an example.
Centralized decision-making is when families make decisions as a family or collective unit. In many Asian diasporas, this is pervasive, and families act as “one” coherent unit. So, businesses can capitalize on the strong family links in such diasporas by focusing on online services, such as medical services, education, transportation, and others.