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        A Comparative Analysis of the AIIB and the ADB: A Challenge or an Integration?

        김영준,고든 게이틀린,폴김 현대중국학회 2018 現代中國硏究 Vol.19 No.4

        The creation of the Asian Infrastructure Development Bank (AIIB) has been described as symbolizing Chinese dissatisfaction with not only existing international economic organizations, but also the current international order. In line with the China threat theory, this prevailing argument that the AIIB represents a challenge to the international economic order has not been thoroughly analyzed considering the information available. This study challenges the prevailing view. We use qualitative and quantitative methods to analyze the stated purpose, governing structure, and the first group of approved projects along with membership configuration of the AIIB with the Asian Development Bank and find that the AIIB overwhelmingly conforms to the principles, norms, rules and decision-making procedures of its most similar organization. The AIIB may indeed represent a challenge to the influence of pre-existing organizations and traditional economic leadership, but it is in fact an extension of the existing international economic order and signals China’s desire to further integrate.

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