China, the EU and multilateralism: the Asian Infrastructure Investment Bank

Bustillo, Ricardo; Andoni, Maiza

doi:10.1590/0034-7329201800108

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Article • Rev. Bras. Polít. Int. 61 (1) • 2018 • https://doi.org/10.1590/0034-7329201800108 copy

China, the EU and multilateralism: the Asian Infrastructure Investment Bank

Authorship SCIMAGO INSTITUTIONS RANKINGS

Abstract

According to Chinese leaders’ statements, the Asian Infrastructure Investment Bank (AIIB) was created with the main purpose of financing infrastructure in Asia. In this research we analyse to what extent the initiative responds to China’s discontent with its second-level ranking within the existing international financing architecture. We use the Hegemonic Transition Theory to study the diplomatic conflict arisen between China and the US because of the launching of the AIIB, and we complete our work exploring the relevance of EU Members’ support in the acceptance of the AIIB and China’s view of global governance.

Multilateral financing institutions; development; infrastructures; international finance

Economy	GCI		Infrastr. Quality		Ratio Score Infr./GCI***

	Ranking*	Score**	Ranking*	Score**
Developed and newly industrialised Asia
Hong Kong	7	5.46	2	6.5	1.19 (>1)
Singapore	2	5.65	5	6.3	1.12 (>1)
Japan	6	5.47	9	6.2	1.13 (>1)
Taiwan	14	5.25	24	5.5	1.05 (>1)
Korea	26	4.96	23	5.5	1.11 (>1)
Developing and emerging Asia
Malaysia	20	5.16	20	5.6	1.09 (>1)
Sri Lanka	73	4.19	37	5.0	1.19 (>1)
People’s Republic of China	28	4.89	64	4.4	0.90 (<1)
Indonesia	34	4.57	72	4.2	0.92 (<1)
Thailand	31	4.66	76	4.1	0.88 (<1)
India	71	4.21	90	3.7	0.88 (<1)
Philippines	52	4.40	95	3.7	0.84 (<1)
Cambodia	95	3.89	109	3.4	0.87 (<1)
Vietnam	68	4.23	112	3.3	0.78 (<1)
Pakistan	129	3.42	113	3.3	0.96 (<1)
Mongolia	98	3.83	119	3.1	0.81 (<1)
Nepal	102	3.81	126	2.9	0.76 (<1)
Bangladesh	109	3.72	130	2.8	0.75 (<1)

	Developed Economies				Developing Economies

	U.S.	Japan	UK	Germ.	China	Brazil	Russia*	India
IBRD (%)
1984	19.20	5.94	6.15	5.97	4.09	1.89	0.00	4.01
1994	17.14	6.47	4.79	5.00	3.10	1.73	1.75	3.10
2004	16.39	7.86	4.30	4.49	2.78	2.07	2.78	2.78
2015	16.21	7.51	3.95	4.40	4.85	1.93	2.84	3.06

ADB (%)
1984	13.88	13.88	2.46	4.71	1.51	0.00	0.00	6.69
1994	11.06	21.75	1.76	3.32	4.78	0.00	0.00	4.70
2004	12.94	12.94	1.97	3.81	5.53	0.00	0.00	5.43
2014	12.75	12.84	1.94	3.78	5.48	0.00	0.00	5.39

Centro de Estudos Globais da Universidade de Brasília Centro de Estudos Globais, Instituto de Relações Internacionais, Universidade de Brasília, Campus Universitário Darcy Ribeiro, Brasília - DF - 70910-900 - Brazil, Tel.: + 55 61 31073651 - Brasília - DF - Brazil
E-mail: rbpi@unb.br

Acompanhe os números deste periódico no seu leitor de RSS

[TFN1] Source: World Economic Forum (2015) and own elaboration. * Ranking out of 144 countries surveyed; ** Score: scale ranges from 1 (worst) to 7 (best). The Global Competitiveness Index presents a framework and a corresponding set of indicators in three principal categories (subindexes) and twelve policy domains (pillars). Infrastructures represent the second pillar and the quality of infrastructures is assessed through a set of questions concerning transport infrastructures and electricity and telephony infrastructures; *** This ratio compares the score of quality of infrastructures with the score of global competitiveness index: a ratio over 1 (>1) indicates that infrastructures contribute to a higher global competitiveness index; on the contrary, a ratio less than 1 (<1) means that infrastructures impact negatively the country’s global competitiveness index.