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Dynamics of Institutional Proliferation in Financing for Development: The birth of the AIIB

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  • Mehmet Hecan

    (Boston University)

Abstract

Using the case of the newly launched Asian Infrastructure and Investment Bank (AIIB), this article aims to uncover possible dynamics driving institutional proliferation in the global development landscape. These dynamics include the Global South’s growing desire to participate in international financial management, the existing finance gap requiring a multilateral solution in the face of market failures, the demand for more effective development institutions, the need to deal with massive infrastructural challenges, and supplier countries’ potential pursuit of their national interests over development institutions. The article also explores policy implications of these dynamics in terms of the global development regime.

Suggested Citation

  • Mehmet Hecan, 2016. "Dynamics of Institutional Proliferation in Financing for Development: The birth of the AIIB," Development, Palgrave Macmillan;Society for International Deveopment, vol. 59(1), pages 158-166, June.
    • Handle: RePEc:pal:develp:v:59:y:2016:i:1:d:10.1057_s41301-017-0072-2
    DOI: 10.1057/s41301-017-0072-2
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    References listed on IDEAS

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    3. Cohen, Benjamin J., 1982. "Balance-of-payments financing: evolution of a regime," International Organization, Cambridge University Press, vol. 36(2), pages 457-478, April.
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