DVM 2106 Lecture Notes - Lecture 8: Silk Road Economic Belt, One Belt One Road Initiative, Asian Infrastructure Investment Bank

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China and the emerging economies jing gu. To understand new form of aid and partnership in international development. Examine the factors underpinning cooperation among brics countries. Acquire critical awareness of new institutions in international development initiated by the emerging economies, particularly china. Triangular development cooperation: involves agreements with both developed and developing countries to acquire and disseminate knowledge applied to social and economic development; it is a strategy adopted by emerging economies to enrich the development in the global south. Global economic shift (west to east) as opposed to western model of development; Rise of new growth centres in world economy (brazil, india, china, and gulf states) Challenge the dominant aid discourse of oecd-dac. Emergence of non-dac donors (china, brazil, korea, india, gulf states, venezuela) Development assistance by non-dac countries higher than oecd countries. Dac is the development assistance committee based on the oecd.

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