China's AIIB: A Big Deal or a Big Headache?
I've just returned from a two-week trip to the US. In my travels to New York and DC, it was almost impossible to find anybody who thought the US had handled the Asian Infrastructure Investment Bank saga well. There was much pontificating on how things had been so badly mishandled. There was a lot of inside-the-beltway finger pointing. But among all of this, I heard what, to me, was a novel reason why we should enthusiastically embrace any Chinese move toward more leadership in economic governance.