Should Washington Fear the AIIB?

Foreign Affairs' Brain Trust Weighs In

A spectator waves a Chinese flag in front of a statue of Chairman Mao Zedong in Kashgar, Xinjiang province, June 18, 2008. Reinhard Krause / Reuters

We at Foreign Affairs have recently published a number of pieces on the Asian Infrastructure Investment Bank (AIIB). Those articles sparked a heated debate, so we decided to ask a broad pool of experts to state whether they agree or disagree with the following statement and to rate their confidence level about that answer:

The AIIB represents the start of a fundamental challenge to the current global multilateral order.


Full Responses:

SALVATORE BABONES is Associate Professor of Sociology and Social Policy at the University of Sydney, in Australia.
Agree, Confidence Level 6              

The Asian Infrastructure Investment Bank (AIIB) is certainly the start of a challenge, but it is not necessarily an effective challenge. Its $100 billion capitalization was immediately topped by a Japanese counteroffer of $110 billion for Asian development projects.

IAN BREMMER is President of Eurasia Group and the author of Every Nation for Itself: What Happens When No One Leads the World.
Agree, Confidence Level 9              

China is the only major country in the world today with a global economic strategy. Beijing now intends to challenge the U.S.-led global economic order, while largely accepting the U.S.-dominated military status quo. The AIIB is one of many important pieces of this effort.

YUN-HAN CHU is Distinguished Research Fellow of the Institute of Political Science at Academia Sinica and Professor of Political Science at National Taiwan University.
Strongly Agree, Confidence Level 9           

It represents a fundamental challenge to a U.S.-centered world order.

WARREN I. COHEN is Distinguished University Professor Emeritus at UMBC.
Agree, Confidence Level 8

The current order should be—and will be—changed. U.S. opposition to AIIB is foolish. It should participate and help steer changes in a salutary direction.

ALEXANDER COOLEY is Professor of Political Science at Barnard College.
Agree, Confidence Level 8              

The relationship between the AIIB and the future global multilateral order has been mostly conceptualized as a "top-down" issue—a function of the geopolitical agendas and strategies of major states. Accordingly, the decision of major

Loading, please wait...

Most Read Articles

Related Articles

This site uses cookies to improve your user experience. Click here to learn more.