Implications of Global Financial Institutions in the Asia-Pacific Region
Open Access
Author:
Osolnick, Andrew John
Area of Honors:
Finance
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
Professor Christoph Hinkelmann, Thesis Supervisor Dr. Brian Spangler Davis, Thesis Honors Advisor
Keywords:
Finance AIIB Asia OBOR One Belt Asian Infrastructure Investment Bank
Abstract:
In the last few decades, the expansion of the global economy and rapid innovations in technology have brought many changes to the way international business is conducted. With rising standards of living in the Asia-Pacific, the nations in this region, specifically China (also known as the Peoples Republic of China or PRC), have sought to expand their influence, or “soft-power”, by enacting a set of initiatives to both further economic prosperity and build regional security. Much of the reason for this shift has been attributed to Chinese Communist Party (CCP) general secretary and President Xi Jinping, having been credited with launching a number of new foreign policy concepts. Of these new programs, The Asian Infrastructure Investment Bank (AIIB) and the One Belt, One Road (OBOR) are the most far reaching and controversial.