The ADB and AIIB: cooperation, competition and contestation

Sims, Kearrin (2020) The ADB and AIIB: cooperation, competition and contestation. In: Jakupec, Viktor, Kelly, Max, and Makuwira, Jonathan, (eds.) Rethinking Multilateralism in Foreign Aid: beyond the neoliberal hegemony. Routledge Explorations in Development Studies . Routledge, New York, NY, USA, pp. 145-159.

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Abstract

The push for greater infrastructure connectivity within the Asia-Pacific as a mechanism for advancing socio-economic development is supported by all the region's nation-states, multilateral development banks operating in the region, and also regional intergovernmental organisations such as the Association of Southeast Asian Nations, South Asian Association for Regional Cooperation, and the Pacific Islands Forum Secretariat. This chapter explores emergent forms of competition, collaboration, and cooperation between Asia’s two largest multilateral development banks: the Asian Infrastructure Investment Bank and the Asian Development Bank. It goes on to analyse the geopolitics that inform the works of these two institutions; how these institutions frame the relationship between infrastructure connectivity and socio-economic progress; and key similarities and differences in their operational structures and funding priorities. Following this geopolitical and operational analysis, the chapter then briefly turns to some of the ways in which Asian Infrastructure Investment Bank and Asian Development Bank development projects and discourse are producing new forms of marginalization, disadvantage, and impoverishment. The benefit and harm of growing regional interconnectivity within the Asia-Pacific is not evenly distributed.

Item ID: 63312
Item Type: Book Chapter (Research - B1)
ISBN: 978-0-367-85380-8
Keywords: Asian Infrastructure Investment Bank, AIIB, Asian Development Bank, ADB, China, multilateral development bank
Copyright Information: © 2020 selection and editorial matter, Viktor Jakupec, Max Kelly, Jonathan Makuwira; individual chapters, the contributors
Date Deposited: 02 Sep 2020 23:58
FoR Codes: 16 STUDIES IN HUMAN SOCIETY > 1606 Political Science > 160607 International Relations @ 60%
16 STUDIES IN HUMAN SOCIETY > 1606 Political Science > 160606 Government and Politics of Asia and the Pacific @ 40%
SEO Codes: 94 LAW, POLITICS AND COMMUNITY SERVICES > 9403 International Relations > 940302 International Aid and Development @ 100%
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