The new World Bank president, an American once again, was selected through a process that was far from competitive. However, the presence of two developing world candidates in this year’s field may be a sign that the tide is turning. […]
Over three dozen ex-World Bank officials have backed Nigerian finance minister Ngozi Okonjo-Iweala’s bid for the World Bank’s presidency. But does she stand a real chance of becoming the institution’s first non-U.S. leader? […]
Over the past 20 years, emerging economies have not only grown faster than advanced countries, but outperformed market expectations–leading to significant returns on investment. Whether this will be the case in the future remains to be seen. […]
Over the past several decades, the World Bank has broadened its approach to growth and poverty reduction by moving beyond hard infrastructure initiatives to systemic reforms in education and health care and the development of social safety nets. […]
French President Sarkozy’s request for Chinese money in support of the euro rescue symbolized three historic shifts in great power relations: the fragility and endangerment of the European project, the ascendance of China, and the beginning of the end of the American era. […]
With the global economy on unstable ground and little economic space remaining for additional policy support, world leaders must focus on preventing a catastrophe in Europe. […]
The global economic outlook for 2012 and 2013 is exceptionally uncertain. With the euro crisis continuing to fester, a global credit crunch, and generalized slowdown threatening emerging markets, it remains unclear where growth will come from. […]
With emerging markets surging ahead and the United States and other wealthy countries engulfed in a crisis that shows no sign of ending, it is worth asking if rich countries are in a growth trap—and should perhaps seek advice from their developing neighbors. […]
World trade is expanding rapidly, helping forge modern industrial sectors in emerging economies. Managing this evolving global trading system requires new leadership from the World Trade Organization. […]
The transformation of China into an economic powerhouse will fundamentally alter Beijing’s relationship with the global economy and require far-reaching changes in the global institutional architecture. […]
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