Asian Infrastructure Investment Bank

Since the end of the Cold War, the international system has been fluctuating. While the bipolar system has ended, no equivalent is in place yet. In the early days of the post-Cold War era, some talked about the unipolar moment as the United States dominated the world with its unrivalled economic and military power.

The president of the World Bank said on March 13 he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank (AIIB), a day after Britain became the first Western nation to embrace the institution.