BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

A Big Step Forward For Bretton Woods

Market Movers

by Mark Stein
Main
Male Employment at an All-Time Low   Extra Credit, Friday Edition

Recent Blog Posts

Links

Apr 03 2009 5:06pm EDT

A Big Step Forward for Bretton Woods

Dani Rodrik spots a particularly bright bit of the G20 communiqué:

We agree that the heads and senior leadership of the international financial institutions should be appointed through an open, transparent, and merit-based selection process.

This is spectacularly good news: as Dani says, it “may mean that the era of the World Bank and the IMF being run by Americans and Europeans, respectively, is over. And good riddance too”.

Might Ngozi Okonjo-Iweala become the next World Bank president? Might Mohamed El-Erian be the next managing director of the IMF? Suddenly, there are all manner of tantalizing and exciting possibilities. It’s taken long enough, but I’m very happy this day has finally arrived.

Reprinted from Reuters.com

blog comments powered by Disqus
 
Feedbackpowered byPowered by WebUltra
U.S. Uncovered
Rich City, Poor City

Which cities were still making money during the recession and which went under? Our analysis.

Don't Mess With Texas Small Biz

Best U.S. metro areas that are most conducive to the creation and development of small businesses.

A Sporting Chance

A look at the places best primed economically to host a major-league sports franchise.

spotlight on

Multimedia

Wealth Central

The Great Recession certainly took its toll on cities across the United States. But even with high unemployment rates and declining wages, some communities have done very well for themselves. View Interactive Feature