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.
Could Jim Yong Kim's presidency offer a chance to reinvent the World Bank? Redirecting the supertanker of multilateral development finance will take more than a change of presidents. The entrenched interests in the Bank's management and board will try to prevent a change of course.
President Obama has nominated Jim Yong Kim, a physician who has been a leader of efforts to extend access to health care in poor countries, to lead the World Bank. This is a huge, historic victory for justice.