The Pacific Review · 2016 · 185 citations · 0 references
Social SciencesDevelopment StudiesInternational ManagementGlobal GovernanceGlobalizationInternational DevelopmentGlobal Economic GovernanceInternational CooperationInternational PartnershipsInternationalization PolicyRegional PolicyInstitutional ArrangementsInternational Infrastructure InvestmentInternational Institutional DesignRegional Institution-building
As China is entering into the center stage of the world arena, it has become more proactive in regional and global institution-building. Globally, it has been actively involved in the G20 affairs and will be hosting the 2016 G20 Summit in Hangzhou. Regionally, it came up with a major initiative for a new institution, namely, the Asian Infrastructure Investment Bank (AIIB). This article aims to analyze the new institution's formation, goals and institutional arrangements as well as its implications.