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date: 25 January 2022

Abstract and Keywords

This chapter provides a historically contextualized overview about the relationship between regionalism and development. The concept of regional development governance (RDG) is used to refer to the various ways in which state and non-state actors from within a region produce policies to accommodate development-related issues. Focusing on the emergence, institutional design, and effects of RDG in different regional contexts, the chapter shows how regional and sub-regional development banks, regional organizations, regional funds, and other kinds of state and non-state actors actively engage in the design of developmental policies. RDG initiatives act as mechanisms to pool and leverage financial resources—not only from OECD countries—to deliver collective goods ranging from infrastructure connectivity to regulatory harmonization according to regionally defined policy priorities. In these initiatives, the developmental policies are both triggered by and contributing to processes of regional integration.

Keywords: regionalism, development, regional governance, regional development bank, developmental policies, non-state actors, collective goods

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