Shifting Grounds in Aid Relationships and Effectiveness Debate: Implications for Economic Development in Sub-Saharan Africa

Abstract

Over the last two decades, the rise of large Asian economies such as China and India and other emerging economies as new economic powers has been shaping a new world economic order. These countries, often grouped under the acronym of BRICS (Brazil, Russia, India, China, South Africa), can no longer be ignored in any decisions concerning global governance spanning all aspects of geo-political, strategic and economic issues. 1 Their rapid ascendance in the global economic scene is also felt acutely in other developing countries at their doorsteps. They have been exerting a growing influence on the course of economic development in the developing world through their fast-evolving and ever-intensifying economic interactions. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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