AIIB to shift of power from West to East: Dutch expert

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.

American and Chinese geo-economic interest in a New Great Game in Central Asia

Captain Arthur Conolly, a British officer of the Sixth Bengal Native Light Cavalry, coined the concept of the ‘Great Game’ in the 1830s. Later, the English writer Rudyard Kipling immortalized the concept in his 1901 novel Kim. In basic terms, the Great Game was simply a struggle for power, territorial control, and political dominance between the Russian and British Empires in Central Asia in the nineteenth century. This competition of manoeuvring and intrigue between the two empires came to an end in 1907, when both nations were forced to focus their resources on more serious threats. The British had to gear up and contain the rise of an assertive Germany in Europe, and the Russians were locked in a fierce struggle with the Japanese in Manchuria.