Purpose: Introduce a new field and suggest a new research agenda
Findings: Diaspora economics is more than a new word for migration economics. It opens a new strand to political economy. Diaspora is perceived to be a well-defined group of migrants and their offspring with a joined cultural identity and ongoing identification with the country or culture of origin. This implies the potential to undermine the nation-state. Diasporas can shape policies in the host countries.
Design/methodology/approach: Combine ethnicity, migration and international relations into a new thinking. Provide a typology of diaspora and a thorough evaluation of its role and the roles of the home and host countries.
Originality/Value: Provide a new understanding of global human relations.
Keywords: Diaspora economics, ethnicity, migration, nation-state
JEL Classification: F22, F24, F66, F68, J61