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.