The Asian Infrastructure Investment Bank Means Business

Published: May 6, 2015, 10:27 p.m.

b'

The advent of the Asian\\xa0Infrastructure\\xa0Investment Bank, sometimes called a Chinese-led rival to the\\xa0World Bank, is one of the most genuinely interesting developments in global affairs. Thought not yet operational, it is being formed despite the\\xa0strong\\xa0opposition\\xa0of the USA. The creation of the AIIB, with many US allies joining as founding partners, reflects the rise of China, waning American global influence, the declining relevance of international institutions created after World War Two, and the ways in which political\\xa0polarization\\xa0in the USA is influencing global affairs. Or does it? Scott Morris of the\\xa0Center for Global Development is on the line to discuss the the new bank and why it matters to\\xa0international\\xa0development and\\xa0international\\xa0relations. \\xa0This is a super\\xa0interesting conversation about a key development in global affairs.\\xa0

'