1st Edition

Configuring the Asian Infrastructure Investment Bank Power, Interests and Status

By Ian Tsung-Yen Chen Copyright 2021
232 Pages 11 B/W Illustrations
by Routledge

232 Pages 11 B/W Illustrations
by Routledge

232 Pages 11 B/W Illustrations
by Routledge

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... Read more

1 Introduction

China’s participation in the global financial system

Structure of the book

PART I Evolution of the AIIB

2 An integrative framework: power, interests, status and global responses

A revisionist instrument of power

A complementary institution supporting the status quo

Pursuing status and reputation

Global responses to the AIIB

An integrative framework

Conclusion

3 China and the evolution of the AIIB

Power, interests, and status

The AIIB and china’s status deficit

The launch of the AIIB

Who joins the bank?

Political and strategic loans?

Toward a multilateral institution

The AIIB and the Belt and Road Initiative

Conclusion

4 AIIB in comparative perspectives

Debates surrounding the AIIB

Power structures comparison

Institutional design

A race to the bottom?

Competition for loans

Conclusion

PART II Global responses to the AIIB

5 Asia-Pacific participation in the AIIB

How Asia and Oceania view the AIIB

India: participation and restraint

Kazakhstan: joining for an admission ticket

Indonesia: obsession with infrastructure funding

Oceania: too weak to refuse

Conclusion

6 European participation in the AIIB

Explaining Europe’s reactions to the AIIB

Probability of becoming an AIIB founding member

Germany: romantic and rational encounter

Belgium: enthusiastic but hesitant

Romania: show me the money

Conclusion

7 Countries shunning the AIIB

Imminent strategic concerns and ambiguous economic interests

United states: a looming threat ahead

Japan: stand with the patron

Taiwan: sovereignty first

Conclusion

8 Conclusion: Crouching tiger, hidden dragon

Inner ambition

Outward obedience

The AIIB and the Belt and Road Initiative

Biography

Ian Tsung-yen Chen is Associate Professor in the Institute of Political Science at National Sun Yat-sen University, Taiwan.