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Online Lecture: Gaining Ground, Gaining Influence? Vote Shares and Power in the Asian Infrastructure Investment Bank (AIIB)

11. Feb 2021 @ 13:00 - 14:00

Gaining Ground, Gaining Influence? Vote Shares and Power in the Asian Infrastructure Investment Bank (AIIB)
Soo Yeon Kim (National University of Singapore)

This lecture is part of our new lecture series China’s Economic Rise – Political Transformations in Asia and Beyond

Thursday, February 11, 2021, 1:00-2:00pm CET

ZOOM Link: https://uni-goettingen.zoom.us/j/92410917518

 

Abstract: Why do countries join the Asian Infrastructure Investment Bank (AIIB) and what do countries that have joined gain from membership? This paper examines the distribution of vote shares in the AIIB relative to that of existing international financial institutions (IFIs). Our analysis of the distribution of vote shares across the AIIB, the World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB) supports the hypotheses: countries with lower vote shares in the existing IFIs are more likely to join the AIIB and member states have higher vote shares in the AIIB than in each of the other IFIs. The results of the OLS regressions suggest that the size of vote shares in existing IFIs is a strong deter-minant of countries’ decision to accede to the AIIB and that the distribution in vote shares in the AIIB are strongly correlated with the distribution of vote shares in these other IFIs. Countries systematically gain more vote shares in the AIIB than in the other IFIs and this gain in vote shares in the AIIB is most pronounced vis-a-vis the IMF, followed by the World Bank and the ADB. Developing countries also experience higher gains in vote shares than developed countries. The results also present no evidence that the distribution of vote shares in the AIIB privilege countries with greater political or economic proximity to China, which challenges the dominant explanation that the AIIB serves as an instrument that reflects or furthers Chinese interests. This paper contributes to the scholarship on the implications of international institutions created by rising powers on global governance, as well as whether Chinese-led international institutions conform to or deviate from existing rules and norms of international institutions.

Soo Yeon Kim joined the Department of Political Science in July 2011. She holds a Ph.D. in Political Science from Yale University and a B.A. in Political Science and International Studies from Yonsei University. Professor Kim’s research and teaching areas are International Political Economy, International Political Economy of Asia, and Research Methods, with a specialization in trade politics. She is the author of Power and the Governance of Global Trade (2011, Series in Political Economy, Cornell University Press). Her current research focuses on free trade agreements in Asia and on rising powers in the global economy.
Source: https://profile.nus.edu.sg/fass/polsk/

The lecture series is co-organized and co-sponsored by Göttingen’s Centre for Modern East Asian Studies as well the Kiel Institute China Initiative.

Picture: iStock.com/Maxiphoto

Details

Date:
11. Feb 2021
Time:
13:00 - 14:00
Event Category:

Venue

Zoom