Abstract
Purpose: The article aims to critically examine the political economic contexts in which the heightened interests in development finance has risen as a key to the success of SDGs.
Originality: The originality of this study lies in its critical approach to the debates on development finance that largely remains technical by contextualising and historicising such debates within the post-1945 aid regime.
Methodology: By employing critical discourse analysis - a qualitative method, the study analysed a diverse range of official archives/documents/letters/reports by OECD-DAC and government agencies. Also the study contextualised the policy discourses on development finance within the critical development geography and critical development studies.
Result: Our research finds that the international aid regime has been witnessing reorientation of ODA from a more ‘progressive’ neostructuralist public lending for poverty reduction to a more explicitly national interest-oriented retroliberalitst blended financing for private sector-led growth since the early 2010. In supporting such reorientation, OECD-DAC’s ODA modernization reform has been pursued to redeploy ODA to serve the interests of donors’ national as well as corporate interests.
Conclusions and Implication: Our findings stress the value of critical engagement with the currently largely technical debates on development finance via historicisation and contextualisation. In doing so, the study has highlighted how the development finance debates are a policy agendum for international aid - but simulataneouly and more importantly heavily influenced by the shifting political economic interests of traditional donors in history.
Originality: The originality of this study lies in its critical approach to the debates on development finance that largely remains technical by contextualising and historicising such debates within the post-1945 aid regime.
Methodology: By employing critical discourse analysis - a qualitative method, the study analysed a diverse range of official archives/documents/letters/reports by OECD-DAC and government agencies. Also the study contextualised the policy discourses on development finance within the critical development geography and critical development studies.
Result: Our research finds that the international aid regime has been witnessing reorientation of ODA from a more ‘progressive’ neostructuralist public lending for poverty reduction to a more explicitly national interest-oriented retroliberalitst blended financing for private sector-led growth since the early 2010. In supporting such reorientation, OECD-DAC’s ODA modernization reform has been pursued to redeploy ODA to serve the interests of donors’ national as well as corporate interests.
Conclusions and Implication: Our findings stress the value of critical engagement with the currently largely technical debates on development finance via historicisation and contextualisation. In doing so, the study has highlighted how the development finance debates are a policy agendum for international aid - but simulataneouly and more importantly heavily influenced by the shifting political economic interests of traditional donors in history.
| Translated title of the contribution | Mobilsing and Diversifying Development Finance: A Critical Analysis of ODA Modernisation Process |
|---|---|
| Original language | Korean |
| Journal | International Development and Cooperation Review |
| Volume | 12 |
| Pages (from-to) | 59-71 |
| Number of pages | 62 |
| ISSN | 2005-9620 |
| DOIs | |
| Publication status | Published - 2020 |
