The Asian Infrastructure Investment Bank in a changing era [electronic resource] : new institution and new roles / Xiujun Xu, Weijiang Feng.

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The Asian Infrastructure Investment Bank in a changing era [electronic resource] : new institution and new roles / Xiujun Xu, Weijiang Feng.

9789811913280 (electronic bk.)
9811913285 (electronic bk.)
9811913277
9789811913273

Singapore : Springer, 2022.

English

1 online resource

10.1007/978-981-19-1328-0 doi

HG3881.5.A75

332.1/5

This book explores the establishment process, mechanism design, and role orientation of the Asian Infrastructure Investment Bank (AIIB) under the new background of global economic governance. After the international financial crisis in 2008, the process of economic globalization and the comparison of international forces have presented a new situation, and the global economic governance system since has entered a period of deep adjustment and transformation. At the same time, the problems and drawbacks of the original multilateral development financial system have become increasingly prominent. This not only provides a historical opportunity for the establishment of the AIIB, but also gives it a new important role in the global multilateral development financial system. The innovation of the AIIBs governance model, such as organizational structure, equity, and voting rights allocation, makes it more efficient in operation. And in practice, it is playing an increasingly important role in promoting policy connectivity, infrastructure connectivity, trade connectivity, financial connectivity and people-to-people connectivity of Asian region.

Includes bibliographical references.

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Online resource; title from PDF title page (SpringerLink, viewed June 20, 2022).

Print version: 9789811913273

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