The Waning U.S. Influence in Asia
Apr 11th, 2015 | By Dr. Jim EckmanSince World War II, three major international financial institutions have facilitated (and dominated) the world?s investment in development opportunities in roads, airports and other infrastructure issues throughout Asia (and much of the world)?the International Monetary Fund (IMF), the World Bank and the Asian Development Bank. The leadership of these organizations has been restricted to Europeans, Americans and Japanese; China has been excluded. But China has the world?s largest foreign reserves (an estimated $4 trillion) and is quite eager to invest these reserves overseas.