March 27, 2012 |
President Obama's nominee to head the World Bank, Jim Yong Kim, is taking heat from some economists and others for past criticism of "corporate-led economic growth," which he said has come at the expense of the very poor. “Dr Kim would be the first World Bank president ever who seems to be anti-growth,” William Easterly, an economics professor at New York University, told the Financial Times . “Even the severest of World Bank critics like me think that economic growth is what we want.” Kim's comments came in a 2000 book he co-edited entitled, " Dying For Growth: Global Inequality and the Health of the Poor.
March 24, 2012 |
President Obama's decision to nominate a South Korean-born educator and health expert to lead the World Bank — and not someone with experience in global finance or diplomacy — reflects the increasingly fractious politics of international agencies and the need to address growing demands for representation outside the U.S. and Europe, analysts say. Obama's nomination of Dartmouth College President Jim Yong Kim to succeed Robert Zoellick comes...
March 23, 2012 |
President Obama's nominee to head the World Bank, Dartmouth President Jim Yong Kim, is more than just an expert on global health issues -- he's a pretty mean rapper and dancer. Kim busted some moves last year in the finals of a music competition called "Dartmouth Idol," performing in a studded, white leather jacket, white fedora and funky sunglasses along with the Dartmouth College Gospel Choir. Kim sang parts of "The Time of My Life" from the movie "Dirty Dancing" and "Dirty Bit" from the Black Eyed Peas.
March 23, 2012 |
President Obama on Friday nominated Dartmouth College President Jim Yong Kim, a physician and anthropologist by training, to succeed Robert Zoellick as the next president of the World Bank. The naming of Kim was seen as a surprise. Kim, 52, though highly regarded for his leadership in global health issues, is not well known in political or financial circles. But the appointment of the South Korean-born Kim may also deflect criticisms from developing economies of the United States having a lock on the World Bank's top position.
February 27, 2012 |
The World Bank, taking aim at one of China's most entrenched interest groups, told the country's top leadership that it had to reform the nation's powerful state sector to ensure stability in the world's fastest-growing major economy. China's economic model is "unsustainable," and the Asian giant is in danger of falling into a so-called "middle-income trap" if it fails to launch meaningful remedies, said World Bank President Robert Zoellick. "This is not the time just for muddling through," Zoellick said Monday at a conference attended by high-level officials in Beijing.
February 15, 2012 |
News that the World Bank is hunting for a new leader brought forth fresh denials that Secretary of State Hillary Rodham Clinton is yearning for the job. Robert Zoellick, president of the international financial institution, announced in a statement Wednesday that he plans to step down at the end of June, when his five-year term ends. The U.S. president traditionally appoints the chief of the Washington-based global bank. In a letter to the World Bank's staff, Zoellick praised the organization for its work at a time of global economic turmoil.