Development Compact—The Cornerstone of India’s Development Cooperation
| Published date | 01 January 2016 |
| Date | 01 January 2016 |
| DOI | 10.1177/0020881717717524 |
| Subject Matter | Articles |
Development Compact—
The Cornerstone of
India’s Development
Cooperation: An
‘Externalities’ Perspective
Milindo Chakrabarti1,2
Abstract
India’s approach to development cooperation is conceptualized in the available
literature as following the idea of ‘development compact’. The present article
situates development compact in the theoretical discourse on development
economics. In a comparative setting, it argues that while North–South Cooperation,
in terms of its different modalities and institutional structure, aims at reducing
the negative externalities arising out of exchange of resources for development
between the donor and recipient, development compact in the spirit of South–
South Cooperation, aims to capture and enlarge the potential of generating
positive externalities through horizontal development cooperation.
Keywords
South–South Cooperation, development compact, externalities, India
Introduction
The modalities followed by India in pursuing her mission of South–South
Cooperation (SSC) are referred to in the relevant literature as ‘development compact’.
The idea was derived from the original proposal of Thorvald Stoltenberg made
in 1989 (Stoltenberg, 1989) and later articulated by Arjun Sengupta in 1993
(Sengupta, 1993), when he argued in the context of the hardship faced by the
Article
International Studies
53(1) 2–14
2017 Jawaharlal Nehru University
SAGE Publications
sagepub.in/home.nav
DOI: 10.1177/0020881717717524
http://isq.sagepub.com
1 Visiting Fellow, Research and Information Systems for Developing Countries, New Delhi, India.
2 Professor, School of Business Studies, Sharda University, Greater Noida, Uttar Pradesh, India.
Corresponding author:
Milindo Chakrabarti, Professor, School of Business Studies, Sharda University, Greater Noida, Uttar
Pradesh, India.
E-mail: milindo.chakrabarti@ris.org.in
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