Publication

This essay discusses the disagreement between Washington and Beijing over the latter's establishment of the Asian Infrastructure Investment Bank (AIIB). The author explains that the main reason for the discord is that development banks are not only a source of financing and know-how for many developing countries, but also a source of strategic influence for the countries who exercise control over them. He then examines how the two sides could come to a mutually acceptable agreement in order to better serve the aims of the global community.