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Despite the continuous endorsement of global partnership by international community, development partnership faces double road blocks in the field of both theory and practice. Current literature on global partnerships contributes explaining why agents form global partnerships, but fails to elaborate on when and in what actual condition global partnerships occur in a good shape. Discussions on incentives for partnerships and how to fund them also have many rooms for addition. The primary concern of this study is to tackle those problems by incorporating von Neumann and Morgenstern’s Expected Utility Theorem and the economic concept of risk tendency into the field of development partnership. It aims to provide a new theoretical framework for evaluating in what condition global partnerships occur, and then attempts to testify this framework via a case analysis with the Gavi.

Global partnerships for development and risk tendencies of partners: A theoretical approach with the Gavi case