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India may play a greater role in AIIB than Bery argued

Comments on Suman Bery "Why the AIIB could work for India", 17/06/2015

Amomg the three spheres that Bery identified India’s interests could be partitioned, namely political, financial and intellectual, I share the author’s view on the last one completely that collaboration between China and India could be transformational. I would further add that other countries which have successfully transformed from low income to middle income and then high income countries such as Korea, Singapore, Hong Kong and Taiwan into the partners of collaboration intellectually, if they are the members of AIIB.

The second sphere, namely financial, I share Bery‘s view only partly. I would also include sovereign guarantee as a preferable criterion but not as the one that would veto if there is no such a guarantee.

On the political sphere, however, I have a different view from that of Bery's. Even though China and India are not allies in the same way as the USA and Britain have, the former do have strong shared common interests as emerging economies wishing to reform the outdated governance structure of some existing international institutions, such as the world bank and the IMF. It is these shared interests that have driven their formation of the BRICS and that will outweigh their political dissimilarities.

In summary, I see that India is likely to play a greater role in AIIB than Bery envisaged.

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