TY  - JOUR
T1  - China's Strategies Towards Institutional Reform: Creation of the AIIB and Its Development Success
TT  - Çin’in Kurumsal Reforma Yönelik Stratejileri: AAYB’nin Kuruluşu ve Gelişimindeki Başarı
AU  - Tüter, Mustafa
PY  - 2019
DA  - August
Y2  - 2019
DO  - 10.30784/epfad.560715
JF  - Ekonomi Politika ve Finans Araştırmaları Dergisi
JO  - EPF Journal
PB  - Economic and Financial Research Association
WT  - DergiPark
SN  - 2587-151X
SP  - 151
EP  - 171
VL  - 4
IS  - 2
LA  - en
AB  - While existing studies largely focus on theimplications of China-led new multilateral institutions to international order,the question of underlying reasons for the establishment of those institutionsand their future development success have received less attention. China’s strategies towards institutional reform are mainly based on itsdissatiffaction with asymmetrical distributional gains within existingmultilateral institutions such as World Bank and International Monetary Fund (IMF).By using bargaining theory in international relations, this article contributesto explain the main conditions and mechanisms of the creation of AsianInfrasturucture Investment Bank (AIIB). In creating AIIB, China aims toincrease its bargaining leverage which provides itself direct and indirectbenefits vis-a-vis the costs emanating from intensified strategic competitionwith the US. Thus, it is argued that China’s expectation of success reinforced by directand indirect benefits for the development of AIIB reflects both the significantmotivations underpinning its creation and also the possibility of extendedinstitutional reform into other multilateral regimes. Within the context ofpower transition, the political bargaining process in reforming existingmultilateral regimes is likely to be shaped by the tension betweenminilateralist strategies of rising powers and truly multilateral operationswithin newly emerging financial regime.
KW  - China
KW  - Asian Infrastructure Investment Bank (AIIB)
KW  - Distributional Conflict
KW  - Institutional Reform
KW  - Bargaining
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UR  - https://doi.org/10.30784/epfad.560715
L1  - https://dergipark.org.tr/en/download/article-file/796660
ER  -