Research Article

China’s Relationship with the Liberal International Order: The Case of the Asian Infrastructure Investment Bank

Volume: 8 Number: Özel Sayı December 8, 2020
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China’s Relationship with the Liberal International Order: The Case of the Asian Infrastructure Investment Bank

Abstract

As the world enters the third decade of the 21st century, the liberal international order founded in the aftermath of the Second World War and has since provided a framework within which world affairs take place, is experiencing a crisis of sustainability, because while on the one hand the Western world that has created the system is going through a period where its own liberal values and norms are eroding, on the other hand the very order has not been able to accommodate the rise of non-Western powers most of which are governed by authoritarian regimes. One of these powers, China, merits greater attention, not only because it has reached the status of a global economic behemoth seeking to making rules rather than taking them by becoming an integral part of the system rather than conflicting it, but also because there is an inherent paradox to its relationship with the liberal international order: China has benefited from the liberal international order for its economic rise, yet at the same time this rise is also said to be a challenge against the very order itself. In an attempt to tackle this paradox, this essay focuses on an institutional form of this country’s involvement in the governance of the international economic order, the Asian Infrastructure Investment Bank (AIIB), a Chinese-led multinational development bank that commenced operations in 2016, and investigates whether AIIB complements the structures of the existing order or aims to substitute them, in order to contribute to a better understanding of China’s relationship liberal international order.

Keywords

Thanks

Bu çalışmaya desteklerinden dolayı Marmara Üniversitesi Uluslararası İlişkiler Bölümü Doç.Dr. Gonca Oğuz Gök'e teşekkür ederiz.

References

  1. Acharya, A. (2016). Rethinking Demand, Purpose and Progress in Global Governance: An Introduction. In A. Acharya (ed.), Why Govern? Rethinking Demand and Progress in Global Governance (pp.1-27). Cambridge: Cambridge University Press.
  2. Acharya, A. (2018). Constructing Global Order: Agency and Change in World Politics. Cambridge: Cambridge University Press.
  3. Acharya, A. (2018, July 10). Asia after the Liberal International Order. East Asia Forum. https://www.eastasiaforum.org/2018/07/10/asia-after-the-liberal-international-order.
  4. Allison, G. (2017). Destined for War: Can America and China Escape Thucydides’s Trap? Boston: Houghton Mifflin Harcourt.
  5. Andornino, G.B. (2019). Economic–Security Nexus in the AIIB: China’s Quest for Security Through Eurasian Connectivity. Global Policy, 10(4): 604-613. doi:10.1111/1758-5899.12762.
  6. Asian Development Bank (ADB) (2013, September 30). Who Will Pay for Asia's $8 Trillion Infrastructure Gap? https://www.adb.org/news/infographics/who-will-pay-asias-8-trillion-infrastructure-gap.
  7. Asian Infrastructure Investment Bank (AIIB) (n.d). Official web site. https://www.aiib.org/en/index.html.
  8. Boao Forum for Asia (2014, July 31). A Speech on the Establishment Progress of Asian Infrastructure Investment Bank by Mr Jin Liqun, Head of the Working Group for Establishment of AIIB. http://english.boaoforum.org/mtzxxwzxen/14301.jhtml.

Details

Primary Language

English

Subjects

International Relations

Journal Section

Research Article

Publication Date

December 8, 2020

Submission Date

August 24, 2020

Acceptance Date

November 26, 2020

Published in Issue

Year 2020 Volume: 8 Number: Özel Sayı

APA
Atlı, A., & Akar, Z. (2020). China’s Relationship with the Liberal International Order: The Case of the Asian Infrastructure Investment Bank. Marmara Üniversitesi Siyasal Bilimler Dergisi, 8(Özel Sayı), 1-21. https://doi.org/10.14782/marmarasbd.784428
AMA
1.Atlı A, Akar Z. China’s Relationship with the Liberal International Order: The Case of the Asian Infrastructure Investment Bank. Marmara Üniversitesi Siyasal Bilimler Dergisi. 2020;8(Özel Sayı):1-21. doi:10.14782/marmarasbd.784428
Chicago
Atlı, Altay, and Zeynepcan Akar. 2020. “China’s Relationship With the Liberal International Order: The Case of the Asian Infrastructure Investment Bank”. Marmara Üniversitesi Siyasal Bilimler Dergisi 8 (Özel Sayı): 1-21. https://doi.org/10.14782/marmarasbd.784428.
EndNote
Atlı A, Akar Z (December 1, 2020) China’s Relationship with the Liberal International Order: The Case of the Asian Infrastructure Investment Bank. Marmara Üniversitesi Siyasal Bilimler Dergisi 8 Özel Sayı 1–21.
IEEE
[1]A. Atlı and Z. Akar, “China’s Relationship with the Liberal International Order: The Case of the Asian Infrastructure Investment Bank”, Marmara Üniversitesi Siyasal Bilimler Dergisi, vol. 8, no. Özel Sayı, pp. 1–21, Dec. 2020, doi: 10.14782/marmarasbd.784428.
ISNAD
Atlı, Altay - Akar, Zeynepcan. “China’s Relationship With the Liberal International Order: The Case of the Asian Infrastructure Investment Bank”. Marmara Üniversitesi Siyasal Bilimler Dergisi 8/Özel Sayı (December 1, 2020): 1-21. https://doi.org/10.14782/marmarasbd.784428.
JAMA
1.Atlı A, Akar Z. China’s Relationship with the Liberal International Order: The Case of the Asian Infrastructure Investment Bank. Marmara Üniversitesi Siyasal Bilimler Dergisi. 2020;8:1–21.
MLA
Atlı, Altay, and Zeynepcan Akar. “China’s Relationship With the Liberal International Order: The Case of the Asian Infrastructure Investment Bank”. Marmara Üniversitesi Siyasal Bilimler Dergisi, vol. 8, no. Özel Sayı, Dec. 2020, pp. 1-21, doi:10.14782/marmarasbd.784428.
Vancouver
1.Altay Atlı, Zeynepcan Akar. China’s Relationship with the Liberal International Order: The Case of the Asian Infrastructure Investment Bank. Marmara Üniversitesi Siyasal Bilimler Dergisi. 2020 Dec. 1;8(Özel Sayı):1-21. doi:10.14782/marmarasbd.784428

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