The Asian Infrastructure Investment Bank: The Construction of Power and the Struggle for the East Asian International Or
This book assesses the strategic significance of the Asian Infrastructure Investment Bank (AIIB) by examining the logic of international power and order, historic trends in East Asian international relations, the AIIB's design in comparison to 'rival' fin
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DOI: 10.1057/9781137593870.0001
The Political Economy of East Asia Series Editors: Ming Wan, George Mason University Natasha Hamilton-Hart, the University of Auckland Published by Palgrave Macmillan CHINA ON THE GROUND IN LATIN AMERICA: Challenges for the Chinese and Impacts on the Region R. Evan Ellis THE ASIAN INFRASTRUCTURE INVESTMENT BANK: The Construction of Power and the Struggle for the East Asian International Order Ming Wan
DOI: 10.1057/9781137593870.0001
The Asian Infrastructure Investment Bank: The Construction of Power and the Struggle for the East Asian International Order Ming Wan Professor, George Mason University, USA
DOI: 10.1057/9781137593870.0001
THE ASIAN INFRASTRUCTURE INVESTMENT BANK Copyright © Ming Wang, 2016 Softcover reprint of the hardcover 1st edition 2016 978-1-137-59386-3
All rights reserved. First published in 2016 by PALGRAVE MACMILLAN® in the United States—a division of St. Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Where this book is distributed in the UK, Europe and the rest of the world, this is by Palgrave Macmillan, a division of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN: 978-1-137-59387-0 PDF ISBN: 978-1-349-88791-0
Library of Congress Cataloging-in-Publication Data is available from the Library of Congress. A catalogue record of the book is available from the British Library. First edition: 2016 www.palgrave.com/pivot doi: 10.1057/9781137593870
To my beloved daughter Annaliese
DOI: 10.1057/9781137593870.0001
Contents List of Illustrations
vii
Preface
viii
List of Abbreviations
xv
1 Power, Order and Biogeography
vi
1
2 The East Asian International Orders
21
3 The AIIB Tied in a Belt
43
4 The AIIB versus the World Bank and the ADB
58
5 A New Hegemonic Order in Asia?
92
Appendix
106
Select Bibliography
120
Index
129
DOI: 10.1057/9781137593870.0001
List of Illustrations Figures 1.1 2.1 2.2 2.3 5.1
Convergent versus divergent historical trajectories Achievement gaps in the world Evolving political institutions Democratic expansion, 1809–2012 Power distribution among the Big Five, 1960–2014 5.2 Power distribution among the Big Five, 1980–2014 5.3 Big Five military expenditure, 1988–2014
16 23 26 34 100 100 101
Maps 2.1 Distribution of freedom in the world 2.2 Freedom versus economic development in the world 4.1 ADB membership in 1966 versus AIIB membership in 2015 4.2 ADB membership versus AIIB membership in 2015
35 37 77 78
Tables 2.1 Systematics of political regimes 3.1 The ADB membership versus the AIIB membership 4.1 The AIIB versus the IBRD and the ADB DOI: 10.1057/9781137593870.0002
29 45 81 vii
Preface The Chinese government’s sudden proposal for establishing the Asian Infrastru
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