Lai-Ha Chan - Fung Global Fellow 2016-17 Princeton University - "Why Did China Establish the AIIB and Why Couldn’t the US Persuade Key Allies to Boycott It? A Rationalist Account"

Description: The existing account about the China-led multilateral development bank – the Asian Infrastructure Investment Bank (AIIB) – has been focused on the American policy concerns and the economic and commercial reasons for China to establish it. Two deeper questions are left unaddressed: Was there any strategic rationale for China to initiate a new multilateral development bank; and why could the US not persuade its key allies, with the exception of Japan, to boycott the AIIB?


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