America’s Perverse Control Over The World Bank: Joseph Stiglitz

Published: Wed, 04/11/12

Problems viewing this? Let’s bring you to the webpage.

Consumer Confidence Index

Greece is now the most pessimistic country on our consumer confidence index. Have your say ›

611
0.0%

Economic Statistics ▶

Find us on: FB TW LI

1919 -  The International Labour Organization is founded.

This Day in EconHistory

Featured Articles

World Economy

America's Perverse Control Over The World Bank

By: Joseph E. Stiglitz  |  Date: 11 Apr 2012

Rumours suggest that the US is likely to insist on maintaining the perverse selection process in which it gets to pick the World Bank's president. But while Jim Yong Kim may be a good candidate, no single country should effectively decide who gets the job. Should America continue to insist on controlling the selection process, it is the Bank itself that would suffer.   Read more ▶ 


About The Author: Joseph E. Stiglitz

Joseph Eugene Stiglitz is a professor at Columbia University and the recipient of the Nobel Memorial Prize in Economic Sciences in 2001 and the John Bates Clark Medal in 1979.

In Focus Today
1

Asia's Growth Fuels Inequality, Threatens Stability

Asia may be home to a number of emerging and developing markets, but it is also home to one of the poorest slums and regions in the world. In a regional report released today, the Asian Development Bank warns that Asia's rising incomes could worsen the inequality gap, a situation that could undermine political stability and the region's long-run growth prospects. Read more ▶

India May Open Airline Industry To Investment From Foreign Carriers

The Indian government will make a decision this week on whether to allow foreign airlines to purchase stakes in Indian carriers, said a report by the Times of India on Wednesday. Read more ▶

2
3

Iran Claims It Can Withstand Years of Financial Blockade

Speaking ahead of fresh talks over Iran's nuclear ambitions, President Mahmoud Ahmadinejad says he is confident his country will be able to withstand years of financial blockage that threatens to destroy its oil export market. Read more ▶

Chinese Internet Firms Promise To Fight "Rumours" For Government

Three of China's largest Internet companies have vowed to end all "rumours" about the Chinese government from spreading online, claimed a report by Reuters on Tuesday, as the government continues to crack down on the web following widespread rumours of a coup.   Read more ▶

4
Number of the Day

+19.8%

That's how much consumer confidence has grown in South and Central America in the last month.

I think a simple rule of business is, if you do the things that are easier first, then you can actually make a lot of progress.

By Mark Zuckerberg

 
 

www.EconomyWatch.com

Copyright © Stanley St Labs. All Rights Reserved.

Creative Commons
Sad to see you go! To change subscriber options, click here.