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August 29th, 2007
Putting remittances to good use
Africa could do the same in key sectors such as agriculture, health, energy, construction, and telecoms using emerging technologies. These fields are being radically transformed through advances in informatics, genomics, material sciences and nanotechnology.
Focusing on economic renewal would allow émigrés to use their skills and connections to set up profitable industries in their countries of origin. For decades India bemoaned the migration of its skilled expertise to industrialised countries. Today it is benefiting from their knowledge and connections, largely because it has over the years built a strong intellectual and commercial infrastructure through which émigrés are operating.
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