Washington wants its allies to stay away from the Asian Infrastructure Investment Bank

Washington wants its allies to stay away from the Asian Infrastructure Investment Bank

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On March 20, Japanese Finance Minister Taro Aso told reporters that under the right circumstances, his government might become a member of the Chinese-led Asian Infrastructure Investment Bank (AIIB). In Washington, which has urged allies to steer clear of the AIIB, jaws dropped. Tokyo, Washington’s closest Asian ally, is disregarding U.S. concerns and considering membership in an investment bank led by Japan’s primary rival.

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There’s a bigger story here.
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U.S. allies are not shunning Washington. They’re hedging their bets to adapt to a world where economic power is more widely distributed. Shared values still matter, and all these countries will continue to count on strong relations with the world’s only superpower. But Obama and his successors will face a difficult question: In a world that needs America less, how can Washington protect and maintain its dominant influence?
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Ian Bremmer – TIME Magazin
(Foreign-affairs columnist Bremmer is the president of Eurasia Group, a political-risk consultancy)

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Anmerkung
Fraglich, ob unser geostrategischer Schachspieler diese Entwicklung auf dem Zettel hatte.

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Ihr Oeconomicus

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follow-up, 02.04.2015

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What does the AIIB mean for the US?
Over forty countries have expressed interest in joining the Asian Infrastructure Investment Bank (AIIB), a $50 billion Chinese-led fund launched last October with the aim of providing project loans to developing countries in Asia. Despite warnings from Washington to keep safe distance, many of the countries that have joined are close US allies from around the world. Even Japan is mulling membership, caught between the preferences of its largest ally – the US – and its largest trading partner – China. These countries are hedging their bets for a world in which American leadership and global leadership are no longer so similar.
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Ian Bremmer – Agenda World Economic Forum

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