# In an op-ed, NYU Global Research Prof. Ian Bremmer discusses the Asian Infrastructure Investment Bank

1 Faculty News March 26, 2015 ![TIME logo](/sites/default/files/styles/246w/public/assets/images/uat_025660.jpg?itok=PFxttUnQ)>

Excerpt from [TIME](http://time.com/3759639/china-america-financial-leadership/) -- "Now there’s the AIIB. For decades, Washington has used its dominant influence in the World Bank, International Monetary Fund (IMF) and Asian Development Bank to strengthen relations with European and Asian partners and guide developing countries toward Western values by conditioning aid on U.S.-backed reforms. Those countries had no choice: there was no credible alternative to the U.S.-led system. That’s changing."

[Read more](http://time.com/3759639/china-america-financial-leadership/)

Additional coverage appeared on [LinkedIn](https://www.linkedin.com/pulse/40-countries-betting-china-ian-bremmer).