ABSTRACT

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.

chapter 1|19 pages

Introduction

part I|78 pages

Evolution of the AIIB

chapter 2|26 pages

An integrative framework

Power, interests, status and global responses

chapter 3|21 pages

China and the evolution of the AIIB

chapter 4|29 pages

AIIB in comparative perspectives

part II|83 pages

Global responses to the AIIB

chapter 5|26 pages

Asia-Pacific participation in the AIIB

chapter 6|24 pages

European participation in the AIIB

chapter 7|22 pages

Countries shunning the AIIB

chapter 8|9 pages

Conclusion

Crouching tiger, hidden dragon