The Development Compact
A Theoretical Construct for South–South Cooperation
Bibliographic Data
| ID | 9976537 |
|---|---|
| Authors | Sachin Chaturvedi (0000-0001-8460-0502, Research and Information System for Developing Countries (RIS), New Delhi, India, corresponding author) |
| Year | 2016 |
| Volume | 53 |
| Issue | 1 |
| Pages | 15-43 |
| Publication date | 2016-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Studies (JOURNAL) |
| Journal identifiers | ISSN: 0020-8817 • E-ISSN: 0973-0702 |
| Publisher | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.1177/0020881717705927 |
| OpenAlex | W2779014776 |
| Language | EN |
| Citations received | 5 |
| References cited | 14 |
India’s development cooperation efforts began soon after the country gained its Independence in 1947. Indeed, there are some incidences that date back to even pre-Independence days. India is a strong believer of the fact that developing coun- tries should not be entirely dependent upon assistance from the developed world; they must pool their own resources and capabilities to help each other. This article examines the larger framework of Indian external assistance through the concept of ‘development compact’. The new development compact is between actors of the South, rather than the North–South exchange that characterized earlier arrangements; it is no longer about the imposition of conditionalities for recipient countries but more on the principles that govern South–South Cooperation (SSC) such as mutual gain, non-interference, collective growth opportunities and indeed an absence of conditionalities. The modern concept of a development compact provides for development assistance that works at five different levels, namely trade and investment, technology, skills upgrade, lines of credit (LOC) and, finally, grants. The engagement of emerging economies with other Southern countries has provided a major pull factor for a wider engagement across these five elements, which emphasizes the comprehensive support for economic development. These factors are discussed in this article to provide an analytical taxonomy with some illustrative evidence from the Indian experience
Business · China · Developing country · Development economics · Economic growth · Economics · Independence (probability theory · Investment (military · Political science · Politics · South–South cooperation · Global trade and economics · Indian Economic and Social Development · International Development and Aid
Industry and trade in some developing countries
Beyond the slogan of South-South co-operation
Openness and the market friendly approach to development
IMF conditionality
The Rise and Fall of the Washington Consensus as a Paradigm for Developing Countries
Technological self-reliance and cooperation among Third World countries
Development Alternatives in an Open Economy
| Citations per year | 0.83 |
|---|---|
| Citation span | 2020 - 2026 (7) |
| Highly cited | No |