Ideology In My Controversy

https://www.flickr.com/photos/epsos/6210317862 
by epSos.de 

The controversy of the Asia Infrastructure Investment Bank is making news as the U.S disapproves of  a new internationally funded institution that could challenge the World Bank and International Monetary Fund in which the U.S holds influence over.

•  Who's involved: The controversy involves the governments of  China and the U.S . Most countries including America's allies South Korea and Australia have joined the AIIB despite America not approving it. Japan , however has remained loyal to the U.S

• Major Speakers : The major speakers of the issue between the U.S and America would be Jane Yellen the Chair of the Federal reserve Board of Governors and Jin Liqun , a Chinese politician who has been appointed the head of the the AIIB 

• Power They Hold : Each group is a politically strong government with several allies. The U.S holds democratic power in it's favor and the fact that it already has established control in international funds. China is a communist power but has gain economic power at such  a fast pace that they can development a strong bank like the AIIB.

• Resources Available : America still has influence over the World Bank and The International Monetary Fund as well as Japan on it's side. China now has the AIIB with the backing of 40 different countries .

• Values They Have: In general America values democracy , capitalism and free trade and China values socialism and communist views however China has been  rising as an economic power that has been opening trade little by little. 

• Evidence: The U.S fears the AIIB will challenge the World Bank and International Monetary Fund which is evident in how quickly China has rose economically and  how China has the backing from some of America's Allies, such as Australia and South Korea. China wanted to create the AIIB to help develop Asia's economy  further and fund different projects to help their society.

•  Power Differential: There is a power differential between the two groups because not only are they different countries but they are different governments with opposite policy ideals. The reason America disapproves of  the AIIB is because they fear it will have more power than the  international banks , funds,and projects  it has influence over. 

• Known Common Ground: he acknowledged common ground between China and the U.S is the fact that China does need the money to develop parts of its' country even further and other parts of Asia as well. 

• Unknown Common Ground: There isn't any unacknowledged common ground since each group knows most of the what the other group is doing and both are working towards an agreement.

• Listening to Each Other: I'm sure China and the U.S listen to each other, because it's not a petty issue involving a couple million dollars but trillions of dollars involving the billions of citizens and what they need. They respond directly to the claims made by the heads of their groups and the U.S is working towards having a helping relationship between the World Bank and AIIB