Welcome back to The Real News Network. I’m Sharmini Peries, coming to you from Baltimore.

This is segment two with Michael Hudson on the Asian Infrastructure Investment Bank, a new rival to the World Bank. In segment one we talked about the history of the World Bank and the problems that it has posed in terms of its policies to the developing world and why it is necessary to develop another investment bank of this nature.

So Michael is joining us to continue this discussion. And as you know, Michael Hudson is a regular guest on The Real News Network. Michael is a distinguished researchprofessor of economics at the University of Missouri-Kansas City. Read more.