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This book assesses the strategic significance of the Asian
Infrastructure Investment Bank (AIIB) by examining the logic of
international power and order, historic trends in East Asian
international relations, the AIIB's design in comparison to 'rival'
financial institutions such as the World Bank and the Asian
Development Bank, recent tendencies in Chinese foreign policy, and
the Chinese system of political economy. It focuses on how China
'constructs' international arrangements at a critical juncture in
history compared to other great powers, especially the United
States and Japan. Viewed in isolation, the AIIB does not represent
a radical departure from the existing international order; it is a
hybrid institution built on China's integration into the
West-dominated international structure and conditioned by the
global financial market. But the AIIB does draw in part from a
different institutional lineage, a different historical root, and a
different national system of political economy. In this context,
China's greater success will constitute a partial change to the
existing international order, whatever the Chinese intention.
The family dog, Mildew retrieved the key to the family secret
treasures from a dark scary cave by the gorge. The key had gone
missing for almost a century, locking everybody out of the treasure
land. Family traditions withered and fell off along the way,
leaving cultural beliefs and practices to catch up. Finding no
reason to hang on to an empty future, most of the family members
moved on to search for green pastures. One man braved the storms by
holding on to his birthplace. It was his birthright. His efforts
were rewarded in due course. His great great children (a fourth
generation from him) had an adventerous spirit that left no stone
unturned. Together with their dog, they brought back a wave of hope
into the family from one of their excursions. Mildew carried the
mystery box right to his master's feet, Mr Kwoyome. That was the
opening chapter of the Kwoyome family history. They had found their
identity and a reason to live.
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