Why the US Should Stop Ruling the World Bank

When the World Bank presidency becomes vacant in July, the US should break with tradition and help appoint an economist and development expert to the post, says Jeffrey Sachs.

What's the Latest Development?


This July, the current president of the World Bank, Robert Zoellick, will step down. When he does, the world should break with the tradition of allowing the US to appoint an established politician to the post. Rather, says Jeffrey Sachs, the Bank's 187 members should choose a qualified economist who will focus on global sustainable development. That would mean working to increase agricultural productivity, mobilizing information technology, deploying low-carbon energy systems and improving education in the world's poorest regions.  

What's the Big Idea?

All 11 of the World Bank's presidents have been American. Its headquarters located just blocks from the White House, it is an unwritten rule than the US appoints leaders to the Bank as an extension of its international business and policy goals, says Sachs. This myopic focus has come at the expense of fighting disease, like the AIDS and malaria pandemics that swept Africa in the 1990s, and failed to promote rural development by supporting small landholders in Asia, Africa and Latin America. The Bank has a dedicated staff; it needs a dedicated leader.

Photo credit: shutterstock.com

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Sponsored
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

Think you’re bad at math? You may suffer from ‘math trauma’

Even some teachers suffer from anxiety about math.

Image credit: Getty Images
Mind & Brain

I teach people how to teach math, and I've been working in this field for 30 years. Across those decades, I've met many people who suffer from varying degrees of math trauma – a form of debilitating mental shutdown when it comes to doing mathematics.

Keep reading Show less

A world map of Virgin Mary apparitions

She met mere mortals with and without the Vatican's approval.

Strange Maps
  • For centuries, the Virgin Mary has appeared to the faithful, requesting devotion and promising comfort.
  • These maps show the geography of Marian apparitions – the handful approved by the Vatican, and many others.
  • Historically, Europe is where most apparitions have been reported, but the U.S. is pretty fertile ground too.
Keep reading Show less

How KGB founder Iron Felix justified terror and mass executions

The legacy of Felix Dzerzhinsky, who led Soviet secret police in the "Red Terror," still confounds Russia.

Getty Images
Politics & Current Affairs
  • Felix Dzerzhinsky led the Cheka, Soviet Union's first secret police.
  • The Cheka was infamous for executing thousands during the Red Terror of 1918.
  • The Cheka later became the KGB, the spy organization where Russia's President Putin served for years.
Keep reading Show less