15 April, 2012

Lant Pritchett: Why Obama’s World Bank Pick Is Proving So Controversial | The New Republic

Lant Pritchett: Why Obama’s World Bank Pick Is Proving So Controversial | The New Republic: Which brings us back to the leadership of the World Bank. As a medical doctor who has devoted himself to mitigating the consequences of poverty in places like Haiti and Rwanda and the slums and highlands of Peru, Jim Young Kim is from the world of humane development. But the World Bank is fundamentally an organization devoted to national development, especially the economic component of that process. As a result, his appointment appears to be an intrusion by the world of humane development into one of the core institutions of national development. By contrast, the nominee backed by many African countries, Ngozi Okonjo-Iweala, has been finance minister of Nigeria and a managing director of the World Bank. In other words, she is from the world of national development, rather than the world of humane development. What has shocked the development world is that President Obama did not seem to know the difference.