With the world gripped by economic uncertainty in the wake of Brexit and ongoing recessionary conditions in western economies, Asia and the Far East has become increasingly attractive for investors from around the world.
Old ideas about economic safe havens and blocs are becoming obsolete.
This is the context in which an ever-growing movement is looking at the feasibility of cooperation between developing economies in the southern hemisphere.
India is emerging as perhaps the key player in the development cooperation arena, not only because of the increasing volume and reach of its south-south cooperation but more so because of its leadership and advocacy for the development of a distinctly southern development discourse and knowledge generation.
That is the central tenet of a new book – titled ‘India’s Approach to Development Cooperation’ – which was unveiled at the High Commission of India this week.
The book, edited by Sachin Chaturvedi and Anthea Mulakala, analyses the evolution of Indian development cooperation and highlights its significance both to global development and as an effective tool of Indian foreign policy.
Focusing on how India has played an important role in supporting development efforts of partner countries in South Asia and beyond through its various initiatives in the realm of development cooperation, the book tracks the evolution, genesis, and the challenges India faces in the current international context.
The contributions provide a rich mix of academic and government, policy and practice, Indian and external perspectives.
Theory is complemented with empirical research, and case studies on countries and sectors as well as comparisons with other aid providing countries are presented.
‘India’s Approach to Development Cooperation’ was launched by Indian High Commissioner of India to the UK Mr Navtej Sarna.