The Hazard of Second Best
The international community appears increasingly intent on settling for second best on two key issues to be discussed this month at global meetings in Washington, DC: the lingering (if currently dormant) European debt crisis, and the selection of the World Bank’s next president. It is not too late to change course.
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NEWPORT BEACH – The international community risks settling for second best on two key issues to be discussed this month at global meetings in Washington, DC: the lingering (if currently somewhat dormant) European debt crisis, and the selection of the World Bank’s next president. It is not too late to change course, but doing so will require the United States and governments in Europe to resist harmful habits, and emerging countries to follow up effectively on recent initiatives.