Evan A. Feigenbaum
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Is the U.S. Wrong to Reject the China-led Asian Infrastructure Investment Bank?
Washington has made a mistake in approaching the Asian Infrastructure Investment Bank as a competition between the United States and China.
Source: CNBC
Speaking on CNBC, Carnegie’s Evan Feigenbaum contended that in the post-World War II period, the Bretton Woods system has been important in maintaining global economic security. Moving forward, elements of this system should be preserved. However, he asserted that the United States made a mistake in approaching the China-led Asian Infrastructure Investment Bank (AIIB) as a competition between the United States and China. Moreover, he argued that the United States is still coming to terms with China’s rise and increasing role on the world stage.
About the Author
Vice President for Studies
Evan A. Feigenbaum is vice president for studies at the Carnegie Endowment for International Peace, where he oversees work at its offices in Washington, New Delhi, and Singapore on a dynamic region encompassing both East Asia and South Asia. He served twice as Deputy Assistant Secretary of State and advised two Secretaries of State and a former Treasury Secretary on Asia.
- In Its Iran War Debate, Washington Has Lost the Plot in AsiaCommentary
- Beijing Doesn’t Think Like Washington—and the Iran Conflict Shows WhyCommentary
Evan A. Feigenbaum
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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