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Top Four World Bank Presidents Emerge

2012/2/29 10:33:00 22

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World Bank

The current president, Robert B Zoellick, visited China in from February 26th to 28th before leaving office and helped to publish a joint study entitled "China in 2030", which examined the economic opportunities and challenges China faces before 2030.

In June 30th, when Zoellick left office, the long battle of new lines set off an upsurge in the United States and around the world.

According to past practice, as the head of the world bank and the International Monetary Fund (IMF) has been dominated by the US and Europe, it is reported that US President Obama has already had a successor, who is the former director of the National Economic Commission of the White House, Lawrence Sa Merce.

And now the US Treasury Secretary Geithner and Secretary of state Hilary are also possible candidates, and some people choose the end of the day doctor Roubini and Summers to battle it out.

Summers: bad looks.

On the background of family background, Summers is worthy of the position of president of the world bank.

At the age of 37, he was the youngest chief economist in the history of the world bank. His family is in the royal position in the field of economics, and even comparable to the Kennedy family in the United States.

He won the John Betts Clark prize at the age of 39 because of his achievements in macroeconomic research. He became the US Treasury Secretary at the age of 45. Besides serving in the Obama administration,

Summers

Clinton was also Minister of finance during his presidency.

After leaving the White House at the end of 2010, he returned to Harvard University as a professor at the John Kennedy School of government.

Talent alone is not enough.

Although Summers won the favor of Obama, the American people did not buy it.

Recently, nearly 40 thousand people signed a petition and disagreed with Summers as president of the world bank.

Opponents believe that he has a serious discrimination against women, too arrogant, do not know what is modest, and do not "speak".

When he was president of Harvard University, he openly publicized that women were inferior to men and were eventually forced to resign.

Summers's "bad deeds" were excavated one by one.

When he was the chief economist of the world bank, Summers put forward a thunderous proposal to his colleagues in writing to shift more polluting industries to the third world countries.

The disclosure of the internal report has led to an unprecedented crisis of public trust.

Recently, Summers's economic proposition is even more unpopular. He believes that US regulators should relax supervision over the derivatives market.

In the eyes of the public, he was the "evil man" who was unrepentant after the 2008 subprime mortgage crisis.

Roubini: a dark horse

Recently, some people in the US economy proposed to elect Dr. doomsday.

Nouriel Roubini

There are four reasons for the president of the world bank.

First, he has a keen insight into market changes, such as predicting the real estate market crisis in 2008; second, his economic background is comparable to that of Summers.

For example, he worked as an intern economist at the world bank and earned a Ph.D. in international economics from Yale University. He worked in IMF, the Federal Reserve and Israel bank, and studied systematically the emerging markets (World Bank's target market).

During the period of President Clinton, he was a consultant in the economics and Finance Department of the Council of economic advisors.

Third, he knows a lot about the Asia Europe market and helps unite international forces.

For example, much of his time was spent in meetings with European and Asian central bank governors and finance ministers.

He ranked fourth in the "100 global thinkers" selected by the Foreign Policy magazine.

He has appeared countless times in the Congress, the Foreign Affairs Committee and the Davos World Economic Forum (micro-blog).

Fourthly, he is a reformist.

Roubini is a recognized realist and believes that the global economic recovery problem can not be solved in the short term. He warned that if the reform is not carried out, the bad situation will continue until 2020, and the debt deficit of the European and American countries is high.

Geithner: heart longing

If Summers can not be elected because of his personal remarks, then Geithner, the current treasury secretary who intends to withdraw from the White House after Obama's re-election, is also a good candidate.

Although his experience is not as bright as Summers and Roubini, Geithner's career is not ordinary.

The first job was former research assistant of former Secretary of state Kissinger of the United States. Later he joined the international affairs division of the US Treasury Department. He also served as Deputy Assistant Minister of international monetary and financial policy. He studied deeply about monetary and financial policies and served as governor of the New York fed bank.

Geithner

In 2011, he made a request for resignation, and later publicly stated that if Obama wins re-election, he will be "abandoned". He who knows himself is also ready to quit.

He did not disclose the career plan after he came down from the position of finance minister, but it was speculated that if Obama elected Geithner, he would not refuse.

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Emerging economies are extremely competitive.

New candidates must meet the following requirements: Proven leadership records; experience in managing large international organizations; familiar with the public sector; having the ability to clearly express the vision of the World Bank Group's mission; having strong commitment and deep understanding of multilateral cooperation and effective diplomatic communication skills; and being able to uphold impartiality and objectivity in fulfilling their responsibilities.

Since the United States is the largest shareholder of the world bank, the president of the world bank has always been nominated by the US president for a long time. The position of the president of the world bank's IMF has been controlled by Europeans. Even though these areas have suffered a serious financial crisis, this practice has not changed.

At the G20 finance ministers and central bank meetings last weekend, emerging economies called on the world bank president to jump out of nationality restrictions, hoping to elect the next president according to the principles of openness, competition and merit.

They will elect their candidates to compete with the United States.

According to the relevant regulations, all countries must submit the list of candidates nominated before March 23rd. The world bank and the International Monetary Fund may meet in April to decide the candidates of the New World Bank president.