China, the EU and multilateralism: the Asian Infrastructure Investment Bank

Bustillo, Ricardo; Maiza, Andoni

doi:10.1590/0034-7329201800108

Cited by 11 publications

(4 citation statements)

References 30 publications

(39 reference statements)

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“…The failure of China's attempts to strengthen its voice in the IMF and World Bank also played an important role in the creation of the AIIB. China was skeptical of these institutions' political conditionality and overly bureaucratic structures (Bustillo and Andoni 2018). Similar is the case of the Asian Development Bank, a Japanese-led MDB that is the AIIB's main rival.…”

Section: Eurasian Cooperation Toward Post-hegemonic Multipolaritymentioning

confidence: 90%

“…The bank's approved projects mostly focus on the energy, water, and transportation sectors (Chen 2019). Almost half of these projects are co-financed with other financial institutions such as the ADB, the European Bank for Reconstruction and Development, the Islamic Development Bank, and the World Bank (Rana 2019;Bustillo and Andoni 2018). In the period 2016-2017, the AIIB approved nearly $5 billion in loans, and 35 infrastructure projects with an estimated value of $28.3 billion (Cai 2018;Chen 2019).…”

Section: Eurasian Cooperation Toward Post-hegemonic Multipolaritymentioning

confidence: 99%

“…These initiatives were closely tied to the US-led Trans-Pacific Partnership in the sphere of international political economy, which sought to isolate China by initiating a new economic cooperation process with Asian countries (Song 2016). China's inclusive and cooperative approach is thus expected to reverse bilateral tensions despite increased US aggression (Bustillo and Andoni 2018).…”

Section: Eurasian Cooperation Toward Post-hegemonic Multipolaritymentioning

confidence: 99%

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The construction of “post-hegemonic multipolarity” in Eurasia: A comparative perspective

Gürcan

2020

The Japanese Political Economy

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The 2000s witnessed tectonic changes in the pattern of international relations. Central to these changes is the crisis of global governance and the multipolarization of world politics. Against this backdrop, Eurasian regionalism led by China and Russia is rising as a major force in geopolitical multipolarization. Recent research in international relations attests to growing interest in Eurasian regionalism, with case studies focusing on individual regional mechanisms. Almost entirely absent, however, is comparative research as to how alternative initiatives may promote Eurasian cooperation in a post-hegemonic direction. My research seeks to advance both our empirical and theoretical knowledge of this emerging area. How do geopolitical and economic realignments shape Eurasian cooperation and conflicts in a post-hegemonic direction? What are the historical and institutional settings that are helping Eurasian countries to implement a post-hegemonic agenda of regional cooperation? Using incorporated comparison, this article focuses on the cases of the SCO, the CSTO, the EAEU, and the AIIB; these are regarded as the most coherent and inclusive alternative governance initiatives in the Eurasian region. I argue that post-hegemonic multipolarity in Eurasia finds its strongest expression in regional governance focused on security and economic cooperation at the expense of US global hegemony. These governance mechanisms arise from several competing but complementary initiatives led by China and Russia. A striking characteristic of these mechanisms is that their institutional design reflects a nontraditional security approach, combining conventional security governance with efforts at market and financial and academic integration, business community building, and youth mobilization. The post-hegemonic character of Eurasian regionalism mainly lies in how it provides competing, but coalescing and coexisting schemes for regional governance, which redress Sino-Russian competition into a peaceful framework and do not call for a frontal attack on the US. Their prospects are threatened by Russia and China's current economic challenges.

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Section: Eurasian Cooperation Toward Post-hegemonic Multipolaritymentioning

confidence: 90%

Section: Eurasian Cooperation Toward Post-hegemonic Multipolaritymentioning

confidence: 99%

Section: Eurasian Cooperation Toward Post-hegemonic Multipolaritymentioning

confidence: 99%

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The construction of “post-hegemonic multipolarity” in Eurasia: A comparative perspective

Gürcan

2020

The Japanese Political Economy

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“…Uma série de medidas voltadas ao fortalecimento da segurança nacional foram tomadas após a ascensão à chefia do Partido Comunista da China de Xi Jinping. No plano econômico, uma série de iniciativas voltadas ao engajamento da China com o desenvolvimento do seu entorno geográfico foram criadas, como a Iniciativa do Cinturão e Rota ou o Banco Asiático de Investimentos em Infraestrutura (Bustillo, Andoni, 2018). Em 2014 foi criada a Comissão Central de Segurança Nacional, delimitando onze iniciativas voltadas a segurança, entre as quais segurança econômica e de recursos.…”

Section: A Securitização Da China Em Sentido Históricounclassified

O AIIB e a securitização do desenvolvimento: a transposição da ameaça chinesa para o financiamento multilateral | The AIIB and the securitization of development: the transposition of the chinese threat to multilateral financing

Spellmann

2022

RMI

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Não são recentes as interpretações da China como uma ameaça aos valores e aos interesses dos Estados Unidos da América (EUA). A percepção da China como ameaça também diz respeito ao crescimento econômico alcançado pelo país asiático. Este processo de securitização é, portanto, transposto para o plano do desenvolvimento econômico. Em decorrência disto, interromper iniciativas transnacionais chinesas de estímulo ao desenvolvimento tornou-se objetivo do Estado Norte-americano. Através de estudo de caso, este artigo aborda o processo de securitização da agenda do desenvolvimento promovida pelo Banco Asiático de Investimentos em Infraestrutura (AIIB) enquanto nova fase da securitização do desenvolvimento da China. Em seu primeiro segmento, recobram-se as bases da teoria da securitização. Após, é exposta a securitização da China, inserindo-a no contexto dos processos de securitização do desenvolvimento e da periferia do capitalismo. O artigo encerra abordando o estudo de caso da agenda do desenvolvimento proposta pelo AIIB. Palavras-chave: China; Securitização do Desenvolvimento; AIIB. ABSTRACTInterpretations of China as a threat to the values and interests of the United States of America (USA) are not new. The perception of China as a threat also concerns the economic growth reached by the Asian country. This process of securitization is, therefore, transposed to the economic development sphere. As a consequence, interrupting Chinese transnational initiatives for development stimulus became an objective for the American State. Using a case study, this paper discusses the process of securitization of the development agenda promoted by the Asian Infrastructure Investment Bank (AIIB) as a new phase of the securitization of China’s development. To so, in its first segment, the theoretical bases for the securitization theory are recovered. Next, the securitization of China is exposed, inserting it in the context of two distinct processes of securitization: the securitization of development; and the securitization of the periphery of capitalism. The last section ends by taking on a case study of the securitization agenda of development proposed by the AIIB.Keywords: China; Securitization of Development; AIIB. Recebido em: 05 ago. 2021 | Aceito em: 18 mai. 2022.

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Making Sense of the EU–China Relations: Partners and Rivals

Liang

2021

New Challenges and Opportunities in European-Asian Relations

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China, the EU and multilateralism: the Asian Infrastructure Investment Bank

Abstract: • Este é um artigo publicado em acesso aberto e distribuído sob os termos da Licença de Atribuição Creative Commons, que permite uso irrestrito, distribuição e reprodução em qualquer meio, desde que o autor e a fonte originais sejam creditados.

Cited by 11 publications

References 30 publications

The construction of “post-hegemonic multipolarity” in Eurasia: A comparative perspective

The construction of “post-hegemonic multipolarity” in Eurasia: A comparative perspective

O AIIB e a securitização do desenvolvimento: a transposição da ameaça chinesa para o financiamento multilateral | The AIIB and the securitization of development: the transposition of the chinese threat to multilateral financing

Making Sense of the EU–China Relations: Partners and Rivals

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