Asian Journal of Research in Business Economics and Management
  • Year: 2021
  • Volume: 11
  • Issue: 10

Eastern donors and western soft law: Towards a dac donor peer review of China and India

Teerthanker Mahaveer Institute of Management and Technology, Teerthanker Mahaveer University, Moradabad, Uttar Pradesh, India. Email id: arunorajsingh@gmail.com

Online published on 21 January, 2022.

Abstract

Despite the fact that the emergence of major developing nations such as China and India have significantly altered the global economic landscape, the international system is still controlled by a normative framework developed by international organizations under the auspices of primarily OECD countries. The international system is still controlled by a normative framework developed mostly by OECD nations, particularly in the area of development cooperation soft-law norms. However, the increasing importance of “Eastern donors” is eroding its effectiveness, raising the issue of how compliance with these criteria can be ensured in a shifting donor environment. Despite attempts to incorporate developing nations into the OECD Development Assistance Committee's (DAC) conventional method to monitoring compliance via peer reviews, the future aid architecture may be a hybrid of old and new techniques.

Keywords

DAC Peer Review, Development Co-Operation, Emerging Donors, Global Aid Architecture, Soft Law