It is worth noting that benefit sharing is relevant to almost all countries in the world. In its turn, the development of infrastructure is a key factor in this activity. At present, Asias needs for infrastructure investments have reached an immense scale, and they are constantly increasing in different directions (Mishra, 206). In particular, these needs are intense in such areas as transportation, energy, and water. In order to support the development of the market effectively, it is necessary to develop infrastructure adequately, which will also have a positive impact on environmental and social conditions.
As stated above, in order for the regions economy to develop, it is essential to obtain investments in infrastructure. According to experts in the field, to achieve this goal, it will be necessary to receive an investment of 8 trillion US dollars (Syadullah, 204). However, international funds are not able to cover such expenses. In this regard, a number of countries have established a new development bank (AIIB).
Some analysts argue that this bank will compete with key institutions such as the World Bank or the International Monetary Fund (Syadullah, 204). In the cou
rse of this work, such keywords as natural resources development and political implications can be identified. It is important to note that global connections will be considered in terms of the importance of the bank for the development of the oil and gas (and other resources) infrastructure as well as the political implications of joining the project.
Global Connections
The first global connection, which is related to the implementation of the project, is the sustainable development of countries. Priority directions that will be financed by the bank are energy, transport, water supply, environmental protection, and other areas. It is paramount that resources allocate to the infrastructure of developing regions. Thus, the participating countries will be able to attract more investment in the aftermath (Chin, 206). The AIIB will give regions an opportunity to achieve better representation in financing for development. Due to mutual assistance and effective cooperation, the bank will ensure the economic growth of countries (Chin, 206). In their turn, communities will benefit greatly from investment flows. In addition, the project will guarantee that environment is protected.