During the Great Depression of the 1930’s nations isolated themselves from the global economy through protectionist trade policies. This led to a near halt in global trade and the world economy faded into chaos.1 Realizing that closing off national economies was responsible for a deeper and much more prolonged depression, in the post war-era the…
Author: Jesse Kalashyan
The Asian Infrastructure Investment Bank’s Implications on Global Project Finance
Over the past couple months China has made massive strides in the chartering of the Asian Infrastructure Investment Bank (AIIB), and with 50 countries signing up to join the bank in June, the AIIB seems near functional.1 Developed by China as a counter to the Western dominated World Bank and IMF, the stated objective of…