The popularity of China-proposed Asian Infrastructure Investment Bank (AIIB) has signaled that Asia in general and China in particular are leading the world into another and relevant direction, a Dutch expert has said.
Rien T Segers, a Dutch expert on the political economy of East Asia, believes the world is undergoing a transition from “the financial, economic and political dominance of the United States towards the dominance of a number of Asian countries, led by China.”
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“The rich and old economies have no other choices but going for a development which is a reflection of cooperative influence of Asian countries in the West and vice versa”, he added.
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