The U.S. Congress’ inability to pass fair IMF reforms is partly responsible for China’s creation of the Asian Infrastructure Investment Bank (AIIB). While the U.S. is not at the center of this newly created institution. America still has time to develop the consensus in Congress to strike a balance between America’s leadership in the international system and the demand of others to have enough space, not only to survive in the system, but also to prosper.
Wang Wenfeng, Associate Professor, CICIR via CHINA US Focus http://ift.tt/1MrhOPb
Wang Wenfeng, Associate Professor, CICIR via CHINA US Focus http://ift.tt/1MrhOPb
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