Get Beyond US Hegemony in International Development: The Contest PDF

By Jiajun Xu

China's initiative to set up the Asian Infrastructure funding financial institution (AIIB), attracting club from G7 nations opposed to the vocal competition of the U.S., has been known as an important second in an ongoing hegemonic transition. This ebook examines how strength transitions have performed out on the planet financial institution over the past 5 a long time, delivering the 1st actual account of the overseas international relations at the back of donor financing of the area Bank's foreign improvement organization (IDA). Jiajun Xu decodes how the USA amplified its impact on the global financial institution regardless of its flagging monetary contributions to IDA. She additional demonstrates that the widening influence-to-contribution disparity provoked different donors into taking 'exit/voice' measures, contesting the hegemon's legitimacy. A emerging China at the beginning determined to develop into an IDA donor, looking impact from inside. although, the entrenched hegemonic place of the us in international financial institution governance drove China to start up the AIIB and New improvement financial institution, placing aggressive pressures at the US-centred multilateral associations to adapt.

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Beyond US Hegemony in International Development: The Contest for Influence at the World Bank by Jiajun Xu

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