By: Mark Leon Goldberg on May 07, 2015 The advent of the Asian Infrastructure Investment Bank, sometimes called a Chinese-led rival to the World Bank, is one of the most genuinely interesting developments in global affairs. Thought not yet operational, it is being formed despite the strong opposition of the USA. The creation of the AIIB, with many US allies joining as founding partners, reflects the rise of China, waning American global influence, the declining relevance of international institutions created after World War Two, and the ways in which political polarization in the USA is shaping global affairs. Or does it? Scott Morris of the Center for Global Development is on the line to discuss the the new bank and why it matters to international development and international relations. This is a super interesting conversation about a key development in global affairs. Subscribe on iTunes or get the app to listen later.