(Re)Emerging Aid Donors in the Reshaping World Order
For more than 50 years, development aid has been a core form of Western engagement in the developing world. The world in which the United States and Europe are providing such aid, however, is changing. As their economies and material strength swell, rising powers such as China and India are also increasingly “investing” with aid abroad. Similar to U.S and European motivations, the “rising rest” are doling out development aid to advance their political, security, and economic interests. Focusing on bilateral development aid, this paper first offers a brief overview of U.S./European aid. The second section discusses assistance provided by China, India, Turkey, Brazil, and Saudi Arabia including opportunities/challenges presented by their involvement and areas of convergence/divergence with the West. Based on this analysis, the final section presents policy recommendations for the transatlantic community to recalibrate its aid strategies and partnerships for this reshaping world order.