• Research
  • Emissary
  • About
  • Experts
Carnegie Global logoCarnegie lettermark logo
DemocracyIran
  • Donate
{
  "authors": [
    "Evan A. Feigenbaum"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "dc",
  "centers": [
    "Carnegie Endowment for International Peace"
  ],
  "collections": [],
  "englishNewsletterAll": "asia",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie Endowment for International Peace",
  "programAffiliation": "AP",
  "programs": [
    "Asia"
  ],
  "projects": [],
  "regions": [
    "East Asia",
    "China"
  ],
  "topics": [
    "Economy",
    "Trade",
    "Foreign Policy"
  ]
}

Source: Getty

In The Media

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.

Link Copied
By Evan A. Feigenbaum
Published on Mar 29, 2015
Program mobile hero image

Program

Asia

The Asia Program in Washington studies disruptive security, governance, and technological risks that threaten peace, growth, and opportunity in the Asia-Pacific region, including a focus on China, Japan, and the Korean peninsula.

Learn More

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.  

This interview was originally broadcast by CNBC.

About the Author

Evan A. Feigenbaum

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.

    Recent Work

  • Commentary
    In Its Iran War Debate, Washington Has Lost the Plot in Asia

      Evan A. Feigenbaum

  • Commentary
    Beijing Doesn’t Think Like Washington—and the Iran Conflict Shows Why

      Evan A. Feigenbaum

Evan A. Feigenbaum
Vice President for Studies
Evan A. Feigenbaum
EconomyTradeForeign PolicyEast AsiaChina

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.

More Work from Carnegie Endowment for International Peace

  • Romania Bulgaria Turkey Black Sea naval
    Commentary
    How NATO Became Anchored in the Black Sea

    As Russia's war on Ukraine drags on, NATO is expanding its footprint in the Black Sea. Turkey, Romania, and Bulgaria are upgrading their fleets and deepening trilateral cooperation.

      Dimitar Bechev

  • Commentary
    Carnegie Politika
    Parliamentary Elections in Occupied Ukraine Risk Backfiring for the Kremlin

    Despite unhappiness on the ground, Moscow is determined to use both carrot and stick to ensure there is record support for United Russia in occupied Ukraine.

      Konstantin Skorkin

  • Paper
    Egypt’s Military Landlord Economy and its Limitations

    The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.

      Yezid Sayigh

  • Article
    From Hormuz to the Maghreb: The Geopolitical Reach of a Gulf Crisis

    Morocco and Algeria, each in its own way, are having to navigate the global economic fallout of the U.S.-Israeli military campaign against Iran.

      Yasmine Zarhloule

  • Commentary
    Emissary
    Nolan’s "The Odyssey" Has a Colonialism Problem

    Despite Morocco’s hopes that its film industry would reap rewards, the blockbuster’s success will be tainted by controversy surrounding filming in occupied Western Sahara.

      • Sarah Yerkes

      Sarah Yerkes

Get more news and analysis from
Carnegie Endowment for International Peace
Carnegie global logo, stacked
1779 Massachusetts Avenue NWWashington, DC, 20036-2103Phone: 202 483 7600
  • Research
  • Emissary
  • About
  • Experts
  • Donate
  • Programs
  • Events
  • Blogs
  • Podcasts
  • Contact
  • Annual Reports
  • Careers
  • Privacy
  • For Media
  • Government Resources
Get more news and analysis from
Carnegie Endowment for International Peace
© 2026 Carnegie Endowment for International Peace. All rights reserved.