Asian Infrastructure Investment Bank

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“A senior US diplomat said it was up to individual countries to decide on joining a new China-led lending body, as media reports said France, Germany and Italy have agreed to follow Britain’s lead and join the Asian Infrastructure Investment Bank (AIIB). A growing number of close allies were ignoring Washington’s pressure to stay out of the institution, the Financial Times reported, in a setback for US foreign policy.” from The Guardian.

Similar stories ran in most of the world papers — Telegraph, NYT, and so on — China wants to fund large-scale infrastructure projects in some of Asia’s poorest countries; the US views the move as a means to up-end the IMF and World Bank (institutions that helped to usher-in the world economy that we know today.

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About Nicholas

Associate Professor of Sociology, Environmental Studies, and Science and Technology Studies at Penn State, Nicholas mainly writes about understanding the scientific study of states and, thus, it is namely about state theory. Given his training in sociology and STS, he takes a decidedly STS-oriented approach to state theory and issues of governance.

8 thoughts on “Asian Infrastructure Investment Bank

  1. “up-end the IMF and World Bank” hell that alone makes it worth a look, tho I imagine it’s just a shift in who is doing the extraction of value/resources, thanks for bringing this to my attention.

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    • Well, my politics aside (though challenges to the IMF and WB seem much needed), this infrastructure investment program may be a way to (1) redirect who gains from lending and (2) a way to direct and channel resources, especially material and expertise-related, in Asia, I still think that it will have a major impact on flows of resources (extraction all the way to opening markets).

      What do you make of the US’s concern over “environmental regulations” in those “Tiger States”?

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