{"id":26610,"date":"2015-04-24T03:51:29","date_gmt":"2015-04-24T01:51:29","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=26610"},"modified":"2015-04-24T03:57:49","modified_gmt":"2015-04-24T01:57:49","slug":"26610","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/26610\/","title":{"rendered":"US Economic Dominance and the AIIB"},"content":{"rendered":"<p>Mark Fleming-Williams writes: \u00a0Former U.S. Treasury Secretary Lawrence Summers wrote on April 5 that this month may be remembered as the moment the United States lost its role as the underwriter of the global economic system. His comments refer to the circumstances surrounding China&#8217;s launch of a new venture, the Asia Infrastructure Investment Bank, (AIIB). \u00a0Wary of China&#8217;s growing ambitions and influence, the United States had advised its allies not to join the institution, but many signed up anyway. The debacle was undoubtedly embarrassing for Washington, but even so, Summers&#8217; prophecy is a bit premature at this stage. \u00a0<strong><a href=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/04\/US-Economic-Dominance.pdf\" target=\"_blank\">US Economic Dominance<\/a><\/strong><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.w-t-w.org\/en\/26610\/161713_600\/\" target=\"_blank\" rel=\"attachment wp-att-26614\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-26614\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/04\/161713_600.jpg\" alt=\"US and AIIB\" width=\"600\" height=\"391\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/04\/161713_600.jpg 600w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/04\/161713_600-300x195.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/04\/161713_600-460x300.jpg 460w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mark Fleming-Williams writes: \u00a0Former U.S. Treasury Secretary Lawrence Summers wrote on April 5 that this month may be remembered as the moment the United States lost its role as the underwriter of the global economic system. His comments refer to &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/26610\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[70,13],"tags":[],"class_list":["post-26610","post","type-post","status-publish","format-standard","hentry","category-big-banks","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Former U.S. Treasury Secretary Lawrence Summers wrote on April 5 that this month may be remembered as the moment the United States lost its role as the underwriter of the global economic system. His comments refer to the circumstances surrounding China&#039;s launch of a new venture, the Asia Infrastructure Investment Bank, (AIIB). Wary of China&#039;s growing ambitions and influence, the United States had advised its allies not to join the institution, but many signed up anyway.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Adela Rogers\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.w-t-w.org\/en\/26610\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"W-T-W.org - Women and Finance\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"US Economic Dominance and the AIIB - W-T-W.org\" \/>\n\t\t<meta property=\"og:description\" content=\"Former U.S. Treasury Secretary Lawrence Summers wrote on April 5 that this month may be remembered as the moment the United States lost its role as the underwriter of the global economic system. His comments refer to the circumstances surrounding China&#039;s launch of a new venture, the Asia Infrastructure Investment Bank, (AIIB). Wary of China&#039;s growing ambitions and influence, the United States had advised its allies not to join the institution, but many signed up anyway.\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.w-t-w.org\/en\/26610\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2015-04-24T01:51:29+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2015-04-24T01:57:49+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"US Economic Dominance and the AIIB - W-T-W.org\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Former U.S. Treasury Secretary Lawrence Summers wrote on April 5 that this month may be remembered as the moment the United States lost its role as the underwriter of the global economic system. 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