TITLE:
Analysis on the Significance of Constructing Asian Infrastructure Investment Bank
AUTHORS:
Fei Wei
KEYWORDS:
The Asian Infrastructure Investment Bank, the Significance, International Financial Organization, the Construction of Infrastructure
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.7 No.3,
March
31,
2017
ABSTRACT: Infrastructure construction is of great significance to a country’s sustainable
economic growth. As the economic globalization and regional integration, Asia
has become the world’s most active and most promising region, deepening of
cooperation between countries, but pushing forward cooperation needs to rely on
sound infrastructure system. However, most of the developing countries in Asia
face difficulties, such as poor infrastructure, insufficient funds, which
seriously restrict the economic development of Asian countries and weaken the
ability to response to the financial crisis. Setting up an investment bank that
provides special service on financing for infrastructure construction in Asian
countries is particularly important, for China and Asia and even for the whole
world; it has the far-reaching significance. The preparation of the Asian
infrastructure investment bank is unprecedented, so we need to learn operation
pattern and the structure of the organization of experience from the world bank
and the Asian development bank and other international financial organizations,
combined with the actual situation of the region. As a result, we should
analyze the significance and carry on the reasonable and feasible ideas for the
Asian infrastructure investment bank.