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Conceptual and Key Issues

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Western Financial Assistance to the Developing World

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Abstract

This chapter discusses conceptual issues relating to power, perception, development finance, accountability, legitimacy, and globalization. It presents some of the theories and authors who have written on these concepts, discussing their advantages and disadvantages and their relevance to the perception of the power imbalance in development finance. It discusses how some authors define globalization and provides attributes and indicators as well as effects, side effects, consequences, and by-products of globalization. An appreciation of the role of globalization in development finance is explored, and its influence on perception, power play, and the perception of power play is underlined. The relationship between legitimacy and power play is discussed. The role of the dominant force in setting standards and the influence of this in establishing legitimacy are discussed.

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Notes and References

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    Chuku-Dinka R. Spencer

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Spencer, CD.R. (2016). Conceptual and Key Issues. In: Western Financial Assistance to the Developing World. Palgrave Macmillan, New York. https://doi.org/10.1057/978-1-137-58399-4_2

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