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International Relations of the Asia-Pacific Advance Access





Published: Tue, 14 Nov 2017 00:00:00 GMT

Last Build Date: Wed, 15 Nov 2017 01:44:56 GMT

 



Climate Change Policy in Japan: From the 1980s to 2015

2017-11-14

Yasuko Kameyama London: Routledge, 2017, £110.0, 205 pages, ISBN: 978-1-138-83859-8



Reinventing Regional Security Institutions in Asia and Africa: Power Shifts, Ideas, and Institutional Change

2017-11-14

Kei Koga London; New York: Routledge, 2017 226 + vii pages, ISBN: 978-1138651746



The evolution of China’s Asian Infrastructure Investment Bank: from a revisionist to status-seeking agenda

2017-09-25

Abstract
China’s Asian Infrastructure Investment Bank (AIIB) is a controversial addition to both the global and Asian economic architectures. Western critics have alleged it is a vehicle designed to achieve China’s geostrategic goals, while scholars have argued it marks China’s adoption of a ‘revisionist’ foreign policy strategy. This article argues that such interpretations are incorrect, as they fail to account for the evolution of China’s AIIB agenda. To secure a broad membership and international legitimacy for the AIIB, China compromised with partners during governance negotiations in 2015. Western country demands saw several controversial initial proposals dropped, the governance practices of existing multilateral development banks were adopted, and cooperative partnerships were developed with the World Bank and Asian Development Bank. This transition from a revisionist to status-seeking AIIB agenda reveals the flexibility of Chinese economic statecraft, and its willingness to compromise strategic goals to boost the legitimacy of its international leadership claims.