IDEAS home Printed from https://ideas.repec.org/a/bla/glopol/v10y2019i4p631-638.html
   My bibliography  Save this article

Global Standards in the Asian Infrastructure Investment Bank: The Contribution of the European Members

Author

Listed:
  • Giuseppe Gabusi

Abstract

In 2015, seventeen European states joined the Asian Infrastructure Investment Bank (AIIB) as Founding Members. France, Germany, Italy and the United Kingdom, among the group, have the largest share of capital and votes, giving them significant voice in the Bank. The purpose of the European members in joining was mainly twofold: (i) to help increase financial flows available for investment infrastructure in Asia; and (ii) to help ensure that the new Bank would adhere to global financial, environmental and social standards, as established by the existing multilateral development banks (MDBs). It can be said that the Europeans have largely succeeded. Existing MDBs have served as models for the standards which the AIIB is institutionalizing. However, some European‐based civil society organizations are increasingly critical of the operations of the AIIB. Moreover, some developing countries may see the AIIB's standards as an unnecessary burden. It can therefore not be assumed that the AIIB will continue to expand its portfolio by merely complementing the existing MDBs.

Suggested Citation

  • Giuseppe Gabusi, 2019. "Global Standards in the Asian Infrastructure Investment Bank: The Contribution of the European Members," Global Policy, London School of Economics and Political Science, vol. 10(4), pages 631-638, November.
    • Handle: RePEc:bla:glopol:v:10:y:2019:i:4:p:631-638
    DOI: 10.1111/1758-5899.12738
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1758-5899.12738
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1758-5899.12738?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nanni, Riccardo, 2021. "The ‘China’ question in mobile Internet standard-making: Insights from expert interviews," Telecommunications Policy, Elsevier, vol. 45(6).
    2. Ayse Kaya & Byungwon Woo, 2022. "China and the Asian Infrastructure Investment Bank (AIIB): Chinese Influence Over Membership Shares?," The Review of International Organizations, Springer, vol. 17(4), pages 781-813, October.
    3. Laerte Apolinário Júnior & Felipe Jukemura, 2022. "A comparative analysis of the environmental and social policies of the AIIB and World Bank," Global Policy, London School of Economics and Political Science, vol. 13(5), pages 694-709, November.
    4. Kaya, Ayse & Kilby, Christopher & Kay, Jonathan, 2021. "Asian Infrastructure Investment Bank as an instrument for Chinese influence? Supplementary versus remedial multilateralism," World Development, Elsevier, vol. 145(C).
    5. Hai Yang, 2023. "Rhetorical coercion, institutional legitimacy and the creation of the Asian Infrastructure Investment Bank," Global Policy, London School of Economics and Political Science, vol. 14(5), pages 730-741, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:glopol:v:10:y:2019:i:4:p:631-638. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.