Asian Infrastructure Investment Bank (AIIB)

        We know that United States have a special relationship with United Kingdom. They have been close allied throughout 20th and 21th centuries including the Korean War, World War I and II, Invasion of Iraq and Afghanistan, and Cold War. Not only have a close history with United States, United Kingdom also have a close  political, economic, military, diplomatic, and cultural until now. The development of nuclear weapon has mutual agreement between United States and United Kingdom. Economic policy of United States was also affected United Kingdom even European Union. They are enormously tied together. However, nowadays, we could hear and see that United Kingdom join Asia Bank membership with France and Germany and also Australia considering it. As we know that Asia Bank was being lead by China which have a love-hate relationship with United States. Asian Infrastructure Investment Bank was being see as the rival of World Bank which leads by United States. This project have a great diplomatic blow for United States when China have a fast-growing economic and diplomatic influence. The AIIB is an element from Chinese to create new financial and economic institutions that will increase its international influence. Asian Infrastructure Investment Bank was being launched by President of China, Xi Jinping, last year. In order to stop or affected European countries to join  AIIB, Washington urges allies to think twice before joining a new China-led Asian development bank. Western power will be a better power if all western countries was joining forces together. United States insists that their decision for join a new bank was not a good decision.

The AIIB was focusing to spur investment in Asia in transportation, energy, communications, and other infrasturctures. It was the potential rival for dominated western like World Bank and Asian Development Bank. For now, AIIB already have 26 countries as founder members, mostly from Asia and Middle East countries. Japan, the US ally, is not expected to be a member of it because Japan also worried about China's growing influence. Furthermore, both of the institutions were being in the discussions for join together.

Regards

Mailin

References:

http://www.theguardian.com/world/2015/mar/17/asian-infrastructure-investment-bank-france-germany-and-italy-said-to-join

http://finance.yahoo.com/news/france-germany-italy-join-china-002209014.html

http://en.wikipedia.org/wiki/Special_Relationship