Competition And Power Transfer Of The International Public Goods

The Asian infrastructure investment bank(referred to as "investment banking",AIIB),initiated for the first time since 2013,officially became the reality in the international political/economic agenda arrangement in 2015.It was designed to promote the construction of the connectivity in Asia and economic integration,thus provide financial support to the construction of infrastructure in developing countries within the region.The theory can be traced back to the theory of international public goods theory and power transfer.As a core assumption of hegemonic stability theory,international public goods is important to the stability and working of the international political and economic order.It believes that when the hegemonic country has less power,we would need other big powers to take the lead to provide international public goods to maintain the stability of the international political and economic order.During the process of providing international public goods,the international status of the new provider country will be further consolidated because many other countries will focus on the current international public goods provider,and the power shift happens to a certain extent based on this factor.This essay chooses international public goods which is AIIB-centered to study the transfer of power between great powers,explore the relationship between the competition and power transfer for international public product.And then,on the basis of summarizing the two theories,putting forward a theory to explore:As an international public product,how does AIIB influence the process of power transfer.