Huffpost Business

The Case For A Non-European IMF Leader: Simon Johnson

Posted: Updated:

The debate over choosing the next managing director of the International Monetary Fund is ostensibly about whether its succession process is transparent and merit-based. But this is code for a more important issue -- whether the time has come for Western Europe to give up control of the IMF. There is a valid economic case that the next chief should come not from Europe, as tradition dictates, but from one of the emerging markets. India, South Africa, China, Mexico and Brazil all have strong candidates.

Read the whole story at Bloomberg

Around the Web

IMF Survey: Emerging Markets Drive Global Recovery

After Dominique Strauss-Kahn's arrest, emerging economies eye top ...

TEXT-BRIC statement on selection of IMF chief

Colombia Remains Undecided On Support For IMF Candidates

G8 to discuss Arab Spring, IMF post could feature

Brazil Open to Europe-Led IMF