Title of article :
China and the Longing for Making Order; An Insight toward the Emergence and Reliability of the AIIB
Author/Authors :
Noroozi, Hossein University of Tehran, Tehran, Iran
Abstract :
China is consolidating its position in the international system, taking advantage
of a variety of channels in the process. The establishment of the Asian
Infrastructure Investment Bank (AIIB) is a historical step by China in the
international economic order. The AIIB, as an international financial and
development institution attempts to engage and participate in the economic
infrastructures of the member states. The question addressed in this research is,
How could China's approach in establishing the AIIB be analyzed with respect to
new economic developments in the last two decades? The hypothesis is that the
AIIB is considered as a network structure for making a centrality in the
economic order for China, which facilitates the systemic evolution in
international arena. The AIIB is therefore considered as a strategic turning point
in the international economic order. This study argues that China is attempting to
elevate and consolidate its economic role among the regional countries to
institutionalize its centrality. Accordingly, it seems that China aspires to promote
changes in the international system through a complementary and distinguished
evolution. Therefore, the reliability of the AIIB is vital for this openness phase,
and China is keenly going to maintain and strengthen the AIIB for coming games
and required strategic plans.
Keywords :
AIIB , Centrality , China , International Economic Order , Inter- regionalism , Systemic Evolution
Journal title :
Journal of World Sociopolitical Studies