Parallel Institutions as Varying Outside Options: The Impact of AIIB Membership on the World Bank Loan Conditionality

• In Event: Emerging Power(s) in International Affairs

Brief Overview

This paper explores how some countries secure concessional loans with the World Bank through outside options, arguing that bargaining power depends on the country’s influence in these alternatives and the governance capacity of those options.

Authors

• Yixin Sun, Shanghai Jiao Tong University

• Hongsong Liu, Shanghai Jiao Tong University