Here is a strong argument by Swaminathan Aiyer on why the post of IMF chief should be going to a technocrat rather than to a politician. Lagarde, the Finance Minister of France is leading the race at present. Considering the fragile state of many of the economies in the European Union, it is highly likely that the decisions made by this person might get influenced keeping her essential nature of a 'politician' in view.
Thursday, May 26, 2011
Monday, May 16, 2011
Can't agree more with these thoughts. The author talks about the fundamental fallacy about trying to replicate the western intensive capitalistic model of so called 'growth' to economies like India and China which by their sheer strength of population base can catalyze the process of environment degradation.