A critical emerging issue in economic development is the role that Diasporas and remittances can play in redeveloping post-conflict states.
Every year, vast amounts of capital are transferred around the world as remittances. Those small transfers to family members can be a major catalyst for economic development, particularly in post-conflict regions that are characterized by widespread displacement and institutional breakdown. Violent conflicts, civil wars and engagements by rebel militias impact local livelihoods, social and family relations, and institutions of community governance. In these environments, remittances are of heightened important to all aspects of human security, including economic and food security, health, environment, and community.
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Dr. Raul Hinojosa's Bio
Professor Raul Hinojosa Ojeda is the Founding Director of the North American Integration and Development Center and Associate Professor in the Division of Social Sciences and the César E. Chávez Department at the University of California, Los Angeles. Born in Mexico and raised in Chicago, he received a B.A. (Economics), M.A. (Anthropology) and Ph.D. (Political Science) at the University of Chicago.
Dr. Hinojosa Ojeda founded the North American Integration and Development (NAID) Center at UCLA in 1995, dedicated to developing innovative research agendas and policy pilot projects empowering the transnational Diaspora and development in home communities. Under Professor Hinojosa’s leadership, the NAID Center has received over $10 million in research and policy grants from a wide range of institutions. These include the Inter-American Development Bank, the World Bank, the OECD, The United Nations Economic Commission for Latin America, the U.S. Departments of Labor, Commerce and Treasury, and the Ford, Rockefeller, MacArthur and Packard Foundations.
Together Rep. Esteban Torres of California, Dr. Hinojosa Ojeda is the originator of the proposal for the North American Development Bank, a $3 Billion institution that was created by the U.S. and Mexican governments in 1994. Dr Hinojosa has served as a board member of the Los Angeles Community Development Bank, the International Community Foundation and has been appointed to the Economic Strategies Panel of the State of California and the Los Angeles Office of International Trade.
Dr. Hinojosa Ojeda is also the Founder and CEO/Chairman of SF Global, LLC, social empowerment innovation company, focused on the development and implementation of low cost, secure and accessible financial services to the unbanked and under-banked populations in the United States Diaspora and their home countries.
Successfully operating in the competitive field of banking services to financial institutions throughout Mexico and El Salvador, SF Global, through its group of companies, has been at the forefront of technical innovation to bring affordable financial services to the transnational underserved sectors by seeking to integrate the emerging power of mobile cellular technology with traditional card based financial solutions, provided an integrated platform for remittances, government subsidy payments, and a variety of micro-finance activities, including savings, mortgages, credits and insurance.
He is the author of numerous articles and books on the political economy of regional integrations in various parts of the world, including trade, investment and migration relations between the U.S., Mexico, Latin American and the Pacific Rim. Among his publications a is a co-authored book on Latinos in a Changing U.S. Economy: Comparative Perspectives on the U.S. Labor Market Since 1939 and co-editor of Labor Market Interdependence between the United States and Mexico (Stanford: Stanford University Press), and a co-authored book on the political economy of U.S.-Latin American relations in the late twentieth century including the impact of a potential Free Trade of the Americas Agreement (Convergence and Divergence between NAFTA, Chile, and MERCOSUR: Overcoming Dilemmas of North and South American Economic Integration. Washington, DC: Inter-American Development Bank). He has been a visiting scholar at the Inter-American Development Bank, the World Bank and at several academic institutions in Mexico and the United States.
Boston University Pardee Center: “Seminar at Pardee House Featured Expert on Remittances”.