The Asian Infrastructure Investment Bank: Multilateralism on the Silk Road

@article{Callaghan2016TheAI,
  title={The Asian Infrastructure Investment Bank: Multilateralism on the Silk Road},
  author={Mike Callaghan and Paul Hubbard},
  journal={China Economic Journal},
  year={2016},
  volume={9},
  pages={116 - 139}
}
ABSTRACT Initial English-language media coverage of the Asian Infrastructure Investment Bank (AIIB) was framed in terms of strategic rivalry between China and the United States and China’s frustration with slow reform to existing multilateral development banks (MDBs). But the United States, not China, turned the AIIB into a battle for global influence, which the United States lost when key allies joined the bank. China had a positive agenda for establishing the AIIB, particularly as part of its… Expand
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