Configuring the Asian Infrastructure Investment Bank

Configuring the Asian Infrastructure Investment Bank PDF

Author: Ian Tsung-Yen Chen

Publisher: Routledge

Published: 2020-12-29

Total Pages: 212

ISBN-13: 0429789513

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Studying the Asian Infrastructure Investment Bank (AIIB) through the lens of international relations (IR) theory, Chen argues that it is inappropriate to treat the AIIB as either a revisionist or a complementary institution. Instead, the bank is still evolving and the interaction of power, interests, and status that will determine whether the bank will go wild. Theoretically, the current shape of the AIIB will influence global strategic conditions and global perceptions of the bank itself, consequently affecting China’s level of dissatisfaction with its power and status in the international financial system and maneuvering in the AIIB. To empirically show that, this book presents the evolution of the AIIB, compares the bank with its main competitors in the Asia-Pacific region, and conducts ten comparative case studies to show how countries around the world have positioned themselves in response to the emergence of the AIIB. This book presents critical insights for scholars and foreign-policy practitioners to understand China’s surging influence in international organizations and how China can shape the world order. It should prove of interest to students and scholars of IR, strategic studies, China Studies, Asian Studies, developmental studies, economics, and global finance.

A Comparative Guide to the Asian Infrastructure Investment Bank

A Comparative Guide to the Asian Infrastructure Investment Bank PDF

Author: Natalie G. Lichtenstein

Publisher: Oxford University Press

Published: 2018

Total Pages: 289

ISBN-13: 0198821964

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"Examines AIIB through the lens of its charter, focusing on its mandate, investment operations, membership, finance, governance, and institutional set-up. Text and tables record AIIB's governance and decisions through December 2017"--Abstract

Institutional Balancing in the Asia Pacific

Institutional Balancing in the Asia Pacific PDF

Author: Kai He

Publisher: Taylor & Francis US

Published: 2009

Total Pages: 224

ISBN-13: 041546952X

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This book examines the strategic interactions among China, the United States, Japan, and Southeast Asian States in the context of China’s rise and globalization after the cold war. Engaging the mainstream theoretical debates in international relations, the author introduces a new theoretical framework—institutional realism—to explain the institutionalization of world politics in the Asia-Pacific after the cold war. Institutional realism suggests that deepening economic interdependence creates a condition under which states are more likely to conduct a new balancing strategy—institutional balancing, i.e., countering pressures or threats through initiating, utilizing, and dominating multilateral institutions—to pursue security under anarchy. To test the validity of institutional realism, Kai He examines the foreign policies of the U.S., Japan, the ASEAN states, and China toward four major multilateral institutions, Asia-Pacific Economic Cooperation (APEC), the Association of Southeast Asian Nations (ASEAN) Regional Forum (ARF), ASEAN Plus Three (APT), and East Asian Summit (EAS). Challenging the popular pessimistic view regarding China’s rise, the book concludes that economic interdependence and structural constraints may well soften the "dragon’s teeth." China’s rise does not mean a dark future for the region. Institutional Balancing in the Asia Pacificwill be of great interest to policy makers and scholars of Asian security, international relations, Chinese foreign policy, and U.S. foreign policy.

Asian Infrastructure Investment Bank (AIIB)

Asian Infrastructure Investment Bank (AIIB) PDF

Author: Jun Zhu

Publisher:

Published: 2016

Total Pages:

ISBN-13:

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According to a U.S. National Intelligence Council report in 2012, by 2030 China will have overtaken U.S. as the largest world economy and Asia is likely to surpass North America and Europe combined in terms of economic, technological and military power. Will the global configuration of power shift from the "West and the Rest" to the "West and the East"? As the first multilateral financial institution initiated by the developing countries after the Second World War, AIIB is one of the cornerstones of China's efforts to build its own international financial regimes as an alternative to the existing US-dominated regimes centered on World Bank and International Monetary Fund. AIIB is the critical experiment China makes to craft its own political-economic model of the right amount of multilateralism and unilateralism; of providing international public goods and pursuing national interest; of giving and taking; of power and interdependence. The success or failure of AIIB will have an immense impact on how China will draw its learning curve of global leadership.

The Asian Infrastructure Investment Bank

The Asian Infrastructure Investment Bank PDF

Author: M. Wan

Publisher: Springer

Published: 2016-04-29

Total Pages: 149

ISBN-13: 1137593873

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This book assesses the strategic significance of the Asian Infrastructure Investment Bank (AIIB) by examining the logic of international power and order, historic trends in East Asian international relations, the AIIB's design in comparison to 'rival' financial institutions such as the World Bank and the Asian Development Bank, recent tendencies in Chinese foreign policy, and the Chinese system of political economy. It focuses on how China 'constructs' international arrangements at a critical juncture in history compared to other great powers, especially the United States and Japan. Viewed in isolation, the AIIB does not represent a radical departure from the existing international order; it is a hybrid institution built on China's integration into the West-dominated international structure and conditioned by the global financial market. But the AIIB does draw in part from a different institutional lineage, a different historical root, and a different national system of political economy. In this context, China's greater success will constitute a partial change to the existing international order, whatever the Chinese intention.

The Asian Infrastructure Investment Bank in a Changing Era

The Asian Infrastructure Investment Bank in a Changing Era PDF

Author: Xiujun Xu

Publisher: Springer Nature

Published: 2022-06-06

Total Pages: 186

ISBN-13: 9811913285

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This book explores the establishment process, mechanism design, and role orientation of the Asian Infrastructure Investment Bank (AIIB) under the new background of global economic governance. After the international financial crisis in 2008, the process of economic globalization and the comparison of international forces have presented a new situation, and the global economic governance system since has entered a period of deep adjustment and transformation. At the same time, the problems and drawbacks of the original multilateral development financial system have become increasingly prominent. This not only provides a historical opportunity for the establishment of the AIIB, but also gives it a new important role in the global multilateral development financial system. The innovation of the AIIB’s governance model, such as organizational structure, equity, and voting rights allocation, makes it more efficient in operation. And in practice, it is playing an increasingly important role in promoting policy connectivity, infrastructure connectivity, trade connectivity, financial connectivity and people-to-people connectivity of Asian region.

Strategic Reassurance in Institutional Contests

Strategic Reassurance in Institutional Contests PDF

Author: Zheng Chen

Publisher:

Published:

Total Pages:

ISBN-13:

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The Asian Infrastructure Investment Bank (AIIB) has been widely conceived as a Chinese effort to promote reforms of global financial governance. While the existing literature of contested multilateralism tends to focus on the problem of threat credibility, this article highlights the necessity of strategic reassurance in institutional contests. To facilitate incremental reforms of the existing order, rising powers like China need not only to pose credible challenge towards established institutions, but also to demonstrate their benign intentions and commitment to future cooperation. Besides revealing strength and resolve, the creation of a new multilateral regime helps rising powers to signal their self-restraints and reassure other powers. Consequently, the institutional configuration of new multilateral organizations involves a trade-off between the dual needs for threats and reassurance. Chinese behaviors in creating the AIIB can be explained through this framework.

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