Why Bill Easterly believes that all candidates for World Bank President should be given more time to engage in a public debate:
A public forum allows many different minority viewpoints to be heard. Indeed, the backlash against Kim has generated its own backlash. The point of a forum is not to privilege Kim’s critics but to let both sides speak. Debates between opposite viewpoints are crucial to any democratic process, preventing “groupthink”; even when the dissidents are wrong, they force those with the right view to make their case. The CGD/Washington Post forum was transparent (the sessions with Okonjo-Iweala and Ocampo were both live-streamed and posted afterwards on the internet). Kim’s discussions with global leaders were not transparent.
Imagine a nominee with controversial environmental views or credentials were in the frame to lead America’s Environmental Protection Agency (EPA). It’s unlikely the administration would say the nominee was so busy meeting members of Congress behind closed doors that he or she had no time to consult with environmentalists.
Read the entire piece, published this afternoon, in The Guardian.
Could Ngozi Okonjo-Iweala head the World Bank? (ungated) By Lant Pritchett, The Guardian
The candidacy of an African woman, Ngozi Okonjo-Iweala, to lead the World Bank represents a historic opportunity to strengthen the organisation in its mission to attack global poverty. However, the fatalist view is that Okonjo-Iweala cannot win because she is not American. Fortunately, in this case idealism and power politics can align. Okonjo-Iweala can and should win, but it will take effort. Here is a five-stage scenario of how events could play out. Read More →
US World Bank nominee under fire over book By Robin Harding, Financial Times:
Jim Yong Kim, the US nominee to head the World Bank, is coming under fire over a book he co-authored that criticises “neoliberalism” and “corporate-led economic growth”, arguing that in many cases they had made the middle classes and the poor in developing countries worse off.
Little is known about his views on economic policy because his background is in health. But if he cannot set out a strong vision for how the World Bank will fuel growth, it may boost the campaigns of heavyweight rivals such as Ngozi Okonjo-Iweala, the Nigerian finance minister and former World Bank managing director.
Read More →