Configuring the Asian Infrastructure Investment Bank : Power, Interests and Status book cover
1st Edition

Configuring the Asian Infrastructure Investment Bank
Power, Interests and Status

ISBN 9781138350359
Published December 30, 2020 by Routledge
232 Pages 11 B/W Illustrations

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Book Description

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.

Table of Contents

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


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


4 AIIB in comparative perspectives

Debates surrounding the AIIB

Power structures comparison

Institutional design

A race to the bottom?

Competition for loans


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


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


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


8 Conclusion: Crouching tiger, hidden dragon

Inner ambition

Outward obedience

The AIIB and the Belt and Road Initiative

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