The Asian Infrastructure Investment Bank
Keywords
Loading...
Authors
Issue Date
2016-06-20
Language
en
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
In 2015, a new international organization came into existence: The Asian Infrastructure Investment Bank (AIIB), a new multilateral development bank (MDB). Founded by a wide array of countries, from Asia and outside the continent, the AIIB aims to invest in infrastructure development in the Asian region. Surprisingly this new MDB emerged in a time when already existing MDBs, with a similar institutional outlook and public and private financing tools, focus on infrastructure investments as well. The AIIB attracted a lot of attention globally: the leadership of China created political tensions from the outset and was considered a challenge to Western-dominated institutions such as the IMF and World Bank. Against the backdrop of the politicization of the AIIB, this thesis seeks to explain why the AIIB emerged in its particular form from a critical political economy perspective, utilizing concepts from Regulation Theory. Focusing on various accumulation patterns of AIIB member states, it argues that the institution was founded to regulate the crisis of overaccumulation in China and to sustain Asian accumulation regimes.
Key words: Multilateral Development Bank; Regulation Theory; overaccumulation; Asian economies; China
Description
Citation
Supervisor
Faculty
Faculteit der Managementwetenschappen