As Dartmouth's outgoing president, World Bank Group President-Elect Jim Yong Kim stressed the importance of interdisciplinary research. The need for students to engage with the rest of the world. To push beyond their comfort zone.
Now the dust has settled, let's celebrate the race for the World Bank presidency. We had the highest quality field in history and a winner who just might manage to refocus the institution on the dominant challenge of development today: inequality.
How has the unique economic history of different countries shaped them, what is it like to do business there now because of that legacy, and what lessons can they learn from other countries with a similar background?
While future commentaries will chronicle Robert B. Zoellick's acts and deeds, it is worth pausing, this weekend, as he completes his last major world forum as president, to recall the initiative he launched at his first major world forum.
So far, from Brazil to Russia and from China to South Africa, labor markets have proven resilient to sluggish GDP growth. But there is no better ally of employment than strong, dynamic and inclusive growth. We are still far away from getting that.
Youth in the Middle East and North Africa need to succeed in a "double transition": first, they need to obtain relevant skills and credentials that make them employable, and second, they have to find a job in a notoriously non-meritocratic labor market.
The kinds of "big" development schemes that come most easily to the World Bank often bring with them nominal increases in gross domestic product, but only do so by degrading natural and community systems on which billions of people depend.
Ikal Angelei receives the prestigious Goldman Environmental Prize today. She is defending the interests of 500,000 poor indigenous people against a destructive hydropower dam, and has successfully taken on many of the world's biggest dam builders and financiers.
While the U.S. has stopped building new coal plants and has rejected 166 proposed coal plants in the past decade, some of our government institutions are, inexplicably, trying to force new coal plants on other countries.
The opening up of the contest for World Bank president is a historic change whose significance has not been fully appreciated. This is not surprising, given the widespread misunderstanding of the IMF and World Bank.