ABSTRACT
The dominant neoliberal ideology of the major development institutions is being challenged by right-wing populist movements, the ideals of neoliberal globalisation are being contested by forces of de-globalisation, and the orthodoxy of the Washington Consensus is being ideologically replaced by the ideals and pragmatics of the Beijing Consensus. These challenges reflect competing ideologies and theoretical underpinnings governing foreign aid. Therefore, PEA, as a theoretical construct and a practical undertaking, should be (re)located in a way that it can respond appropriately to the requirements of the donors as well and the recipients by using a range of theories which support the diversity of political and economic challenges. Drawing on International Political Economy, this chapter explores actor-oriented theoretical frameworks, structuralism, and institutionalism, as potentially relevant vantage points from which to frame a political economy analysis in designing or evaluating an international development intervention.
