Wednesday, March 28, 2012

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Politics : World Bank

by Reb Akiva @ Mystical Paths

(Excerpted from UPI, with edits and additions)  President Barack Obama's nominee to lead the World Bank is facing criticism for being "anti-growth,"… The nominee, Jim Yong Kim, currently the president of Dartmouth College, wrote in the introduction of a book he co-edited that, "The studies in this book present evidence that the quest for growth in gross domestic product and corporate profits has in fact worsened the lives of millions of women and men." 

The book, published in 2000, was entitled, "Dying For Growth: Global Inequality and the Health of the Poor,"…

"Dr. Kim would be the first World Bank president ever who seems to be anti-growth," … "Even the severest of World Bank critics think that economic growth is what we want," Easterly said.

The U.S. nominee, which by understanding is always the one given the job (as Europe gets, by understanding, to nominate the director of the International Monitary Fund), has no economic or banking background.  Rather, Dr. Jim Kim is an anthropologist and a physician with a degree from Harvard Medical School, and served as director of the World Health Organization's Department of HIV/AIDS.

"Jim has spent more than two decades working to improve conditions in developing countries around the world," Obama said last week in announcing Kim's nomination. "The World Bank is one of the most powerful tools we have to reduce poverty and raise standards of living around the globe, and Jim's personal experience and years of service make him an ideal candidate for this job."

One might think that, to be effective, one would assign a banker or economic to the job of running a world development bank. 

Alternatively one could assign an anti-growth demagogue.

Wonder how that will work out.

1 comments:

Anonymous said...

Yeah, the new leader of the World Bank may be a guy with no financial background... The world is really upside down!!! Next step, the vegetarian will be hired to be the butcher's manager, the celibatarian will be marriage counselor (wait, this is already being used by certain groups since long ago!!), the analphabet will be named dean of the college (oops, also seen that), and so on. Not to forget the best one: the enablers of terror, genocide and dictatorship manage the league of nations, and the killers of millions visit our Holy Land to watch our human rights violations against our aggressors... Only G-d sending Moshiach can mend this whole mess!!!
RH-Brazil

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