Introduction
Last week, Australia became the latest American ally to join the China-led Asian Infrastructure Investment Bank, reversing an earlier rejection of membership that was made under pressure from the United States. Britain, France, Germany, Italy, South Korea, Russia and Brazil have also rejected U.S. opposition to join the bank.
What effect will the creation of this bank have on the world economy and world politics?
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Room for Debate: A Changing World Order?
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