Power Structure Dynamics in Growing Multilateral Development Banks: The Case of the Asian Infrastructure Investment Bank
Power Structure Dynamics in Growing Multilateral Development Banks: The Case of the Asian Infrastructure Investment Bank
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不断壮大的多边开发银行的权力结构动态:亚洲基础设施投资银行的案例
DOI:
10.1111/1758-5899.12893
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发表时间:
2021-02
期刊:
影响因子:
1.9
通讯作者:
Kourosh Houshm
中科院分区:
文献类型:
--
作者:
Hang Luo;Lize Yang;Kourosh Houshm
As the first multilateral development bank (MDB) initiated by China, the Asian Infrastructure Investment Bank (AIIB) has been growing rapidly, and within three years of its establishment, has become the second largest multilateral development bank after the World Bank. With the assistance of the supercomputer (Weiming‐1) and combing the method of generating functions, we measured precisely the voting power of each member of the AIIB (analysis which has been done for the first time for an organization with more than 80 members and more than 1 million distributed votes). We find that a host of member countries other than China have outsized power to prevent action on significant matters, but their power to initiate action are quite modest and closely distributed. Furthermore, the power structures in the AIIB are relatively even or ‘democratic’ on substantive matters when compared to procedural matters. More interestingly, we analyzed the dynamics of voting power of major members like China, India, Russia, Germany, the UK and France with the admission of new members. While the voting weights of all existing members decreased monotonously and proportionally, the voting power of some members in some cases even increased. We find that the requirements of voting rules, and the size of new and existing members, all affect how members’ power evolve. Lastly, we measured the balance of power and the decision‐making efficiency of the AIIB as a whole organization beyond individual members and discussed relationships between them. Our analysis aims to provide insights into the allocation of voting weights, the design of voting rules and importantly, the choice of membership expansions for growing multilateral development banks.
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影响因子:
1.3
作者:
J. Strand
通讯作者:
J. Strand
影响因子:
5.3
作者:
F. Aleskerov;Gamze Avcı;Viatcheslav Iakouba;Z. U. Türem
通讯作者:
F. Aleskerov;Gamze Avcı;Viatcheslav Iakouba;Z. U. Türem
DOI:
10.1163/19426720-02201002
发表时间:
2016-02
期刊:
Global Governance: A Review of Multilateralism and International Organizations
影响因子:
--
作者:
G. Chin
通讯作者:
G. Chin
影响因子:
2.6
作者:
W. J. Dixon
通讯作者:
W. J. Dixon
DOI:
10.1287/mnsc.49.6.831.16024
发表时间:
2003-06
期刊:
Manag. Sci.
影响因子:
--
作者:
D. Leech
通讯作者:
D. Leech