Building on the recent advances in research on trust and knowledge sharing in strategic alliances, we weave together the existing literature to develop a dynamic model of trust development and knowledge sharing (TD/KS). We set forth three objectives for this paper. First, to review the literatures on trust and knowledge sharing and establish dynamic conceptualisations of both concepts. Second, to develop an integration of trust development and knowledge sharing in a dynamic setting; and finally, to offer the TD/KS model, which describes how alliances are formed, developed and dissolved, based on levels of trust and knowledge sharing between partners. We conclude our paper with theoretical and practical applications of our proposed model.