In recent years, a number of countries have chosen to join the Asia Infrastructure Investment Bank (AIIB), which has become a major player in the global financial architecture in record time. The AIIB promises to be "lean, clean and green". In truth, it seems to be an instrument to promote Chinese interests. The analysis of Korinna Horta after three years of AIIB is very sobering. What can you do now? Is it time to acknowledge a total failure and leave the bank? What influence do shareholders still have and what should they push for?
China's increasing presence, from economic to military links, is leading to a potential emergence of Chinese spheres of influence in which Southeast Asia will be regarded as China‘s backyard. To many observers, China‘s regional leadership constitutes an irresistible outcome of China‘s remarkable economic performances and influence. Although the strategic options of smaller powers are limited, ASEAN’s strategies towards great powers show that smaller powers still have a diverse menu of strategic options to choose from, depending on which is most effective in meeting its short- and long-term needs.