“Nay” from Joseph Stiglitz

One person who has doubts on the suitability of Zoellick is Nobel Prize winner and former Chief Economist of the WBG, Joseph Stiglitz. As told to La Republica and reported in The Times, Stiglitz asked the following: “Robert Zoellick defended American agricultural protectionism until the bitter end when he was responsible for commercial talks. How will he, as the future president of the World Bank, ask for the dismantling of aid to agriculture that favours developed countries at the expense of those that are poor?Continue reading

Australian hypocrisy.

Bloomberg reports Australian treasurer Peter Costello: “Zoellick is an excellent candidate for the World Bank presidency and will be supported by Australia.” Australia joined Brazil and South Africa last week in calling for “transparent” selection process based on merit and open to citizens of all nations. “Following the completion of current processes, it is Australia’s view that the World Bank should examine the selection process for the president,” Costello said. Continue reading