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The Politics of the Asian Infrastructure Investment Bank (AIIB)
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The Politics of the Asian Infrastructure Investment Bank (AIIB) (Paperback)

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Asia needs US$8.22 trillion to fund its infrastructure investment from 2010 to 2020, and existing lending institutions such as the ADB are unable to meet these requirements. The Asian Infrastructure Investment Bank (AIIB) can potentially provide up to US$30 billion of funding a year. Every geographical region, except North and Central America, is represented in the AIIB. The United States and Japan are the only East Asia Summit members not in the AIIB. The participation of European countries transforms the AIIB from a regional institution with a singular power base (China) to an entity that is broad-based and inclusive. Washington's response to the AIIB initiative has been a strategic misreading that failed to anticipate its allies reactions in warming up to and eventually supporting the proposal. East Asian countries will now be watching what effect the Chinese initiative and American non-participation will have on the U.S. rebalance to Asia.

BusinessFinance & accountingFinanceBanking Publisher: Institute of Southeast Asian Studies Publication Date: 30/09/2015 ISBN-13: 9789814620741  Details: Type: Paperback Format: Books
Availability: Currently unavailable. Foyles can order for despatch to customer when the publisher is re-supplied on 15/07/2017.  

Tang Siew Mun is a Senior Fellow at the Institute of Southeast Asian Studies (ISEAS), Singapore, China.

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