Citizenship as Sovereign Wealth: Re-thinking Investor Immigration

Alan Gamlen; Chris Kutarna; Ashby Monk

doi:10.1111/1758-5899.12723

Citizenship as Sovereign Wealth: Re-thinking Investor Immigration

Alan Gamlen, Chris Kutarna, Ashby Monk

Research output: Contribution to journal › Article › peer-review

8 Citations (Scopus)

Abstract

Selling membership into society has taken on new life with the recent proliferation globally of Immigrant Investor Programs (IIPs). IIPs involve the sale of national membership privileges to wealthy foreigners, justified by their purported ability to stimulate economic development and attract engaged investor-migrants. This paper surveys IIP objectives, activities and performance. We argue that IIP success may depend upon the coming-together of expertise from two domains – migration policy and investment management, and that the latter may offer a means of legitimizing the former. Drawing some insights from the emerging community of Sovereign Development Funds (SDFs), we propose a set of principles that could guide the emergence of a new type of SDF: Immigrant Investment Funds (IIFs).

Original language	English
Pages (from-to)	527-541
Number of pages	15
Journal	Global Policy
Volume	10
Issue number	4
DOIs	https://doi.org/10.1111/1758-5899.12723
Publication status	Published - 1 Nov 2019
Externally published	Yes

Access to Document

10.1111/1758-5899.12723

Cite this

@article{bb9077ba095041a9932e24b9761444b3,

title = "Citizenship as Sovereign Wealth: Re-thinking Investor Immigration",

abstract = "Selling membership into society has taken on new life with the recent proliferation globally of Immigrant Investor Programs (IIPs). IIPs involve the sale of national membership privileges to wealthy foreigners, justified by their purported ability to stimulate economic development and attract engaged investor-migrants. This paper surveys IIP objectives, activities and performance. We argue that IIP success may depend upon the coming-together of expertise from two domains – migration policy and investment management, and that the latter may offer a means of legitimizing the former. Drawing some insights from the emerging community of Sovereign Development Funds (SDFs), we propose a set of principles that could guide the emergence of a new type of SDF: Immigrant Investment Funds (IIFs).",

author = "Alan Gamlen and Chris Kutarna and Ashby Monk",

note = "Publisher Copyright: {\textcopyright} 2019 University of Durham and John Wiley & Sons, Ltd",

year = "2019",

month = nov,

day = "1",

doi = "10.1111/1758-5899.12723",

language = "English",

volume = "10",

pages = "527--541",

journal = "Global Policy",

issn = "1758-5880",

publisher = "John Wiley & Sons Ltd.",

number = "4",

}

TY - JOUR

T1 - Citizenship as Sovereign Wealth

T2 - Re-thinking Investor Immigration

AU - Gamlen, Alan

AU - Kutarna, Chris

AU - Monk, Ashby

PY - 2019/11/1

Y1 - 2019/11/1

N2 - Selling membership into society has taken on new life with the recent proliferation globally of Immigrant Investor Programs (IIPs). IIPs involve the sale of national membership privileges to wealthy foreigners, justified by their purported ability to stimulate economic development and attract engaged investor-migrants. This paper surveys IIP objectives, activities and performance. We argue that IIP success may depend upon the coming-together of expertise from two domains – migration policy and investment management, and that the latter may offer a means of legitimizing the former. Drawing some insights from the emerging community of Sovereign Development Funds (SDFs), we propose a set of principles that could guide the emergence of a new type of SDF: Immigrant Investment Funds (IIFs).

AB - Selling membership into society has taken on new life with the recent proliferation globally of Immigrant Investor Programs (IIPs). IIPs involve the sale of national membership privileges to wealthy foreigners, justified by their purported ability to stimulate economic development and attract engaged investor-migrants. This paper surveys IIP objectives, activities and performance. We argue that IIP success may depend upon the coming-together of expertise from two domains – migration policy and investment management, and that the latter may offer a means of legitimizing the former. Drawing some insights from the emerging community of Sovereign Development Funds (SDFs), we propose a set of principles that could guide the emergence of a new type of SDF: Immigrant Investment Funds (IIFs).

UR - http://www.scopus.com/inward/record.url?scp=85070893015&partnerID=8YFLogxK

U2 - 10.1111/1758-5899.12723

DO - 10.1111/1758-5899.12723

M3 - Article

SN - 1758-5880

VL - 10

SP - 527

EP - 541

JO - Global Policy

JF - Global Policy

IS - 4

ER -

Citizenship as Sovereign Wealth: Re-thinking Investor Immigration

Abstract

Access to Document

Other files and links

Fingerprint

Cite this