CAMBRIDGE – Como China va a encabezar una nueva entidad financiera internacional con un capital de 50.000 millones de dólares, el Banco Asiático de Inversiones en Infraestructuras (BAII), la mayor parte del debate se ha centrado en los fútiles intentos de los Estados Unidos de desanimar a otras economías avanzadas para que no se unan a él.
CAMBRIDGE – With China set to lead a new $50 billion international financial institution, the Asian Infrastructure Investment Bank (AIIB), most of the debate has centered on the United States’ futile efforts to discourage other advanced economies from joining. Far too little attention has been devoted to understanding why multilateral development lending has so often failed, and what might be done to make it work better.