Handbook on the International Political Economy of China
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Handbook on the International Political Economy of China

Edited by Ka Zeng

This book examines the processes, evolution and consequences of China’s rapid integration into the global economy. Through analyses of Beijing’s international economic engagement in areas such as trade, investment, finance, sustainable development and global economic governance, it highlights the forces shaping China’s increasingly prominent role in the global economic arena. Chapters explore China’s behavior in global economic governance, the interests and motivations underlying China’s international economic initiatives and the influence of politics, including both domestic politics and foreign relations, on the country’s global economic footprint.
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Chapter 20: China’s evolving role in global governance: The AIIB and the limits of an alternative international order

Mark Beeson and Shaomin Xu

Abstract

This chapter explores the implications of China’s Asian Infrastructure Investment Bank (AIIB) in the context of established patterns of global governance. We consider the impact that new institutional initiatives may have on the relative standing of the United States and China. We argue that developments such as the AIIB would be significant at any time, but they are especially so when Donald Trump is president, America’s willingness to provide international leadership is in doubt, and China seems to be offering alternative models of governance and development.

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