Harvard Professor Slams Obama's World Bank Nomination:" “It’s an embarrassment to the U.S".

Harvard Professor Slams Obama's World Bank Nomination:" “It’s an embarrassment to the U.S".(Forbes).Amidst early praise for President Obama’s nomination of Dartmouth President Jim Yong Kim as head of the World Bank, Lant Pritchett, a tenured professor at Harvard’s Kennedy School of Government who worked at the World Bank for 17 years, is blasting Kim’s nomination as “a terrible idea.”Says Pritchett, who teaches courses in the practice of international development, “It’s an embarrassment to the U.S. You cannot with a straight face say this person is the most qualified to lead the World Bank.”
In the World Bank’s 68-year history, the U.S. has always nominated the president, who must be voted on by the Bank’s 25-member executive board. This year, Angola, South Africa and Nigeria nominated a competing candidate, Ngozi Okonjo-Iweala, the Nigerian finance minister and a former World Bank official. Pritchett insists she is much more qualified than Kim. He points out that the U.S. has less than a 20% share of board votes and though he gives Kim a 60% chance of being appointed, he says that countries like India and China could wind up opposing Kim’s nomination and pressing for Okonjo-Iweala.“There is no way you can say with a straight face that this man is more qualified to head the World Bank than Ngozi,” insists Pritchett. Okonjo-Iweala has tackled corruption in Nigeria and because she has worked inside the Bank and as the Bank’s government counterpart in a developing country with complex problems, Pritchett insists she has precisely the kind of experience needed in a World Bank leader.“At best, Kim has worked with ministers of health, but they are in one of many, many government agencies,” says Pritchett. “A minister of finance has to make hard choices across sectors. Having the experience of a minister of finance is the optimal experience for being president of the World Bank.” Adds Pritchett, nominating Kim “is like picking the short stop for the New York Yankees out of the scrub leagues.”
Pritchett, who supported Obama’s presidential bid, says that the President overlooked much more qualified candidates like PepsiCo CEO Indra Nooyi and Lawrence Summers, the former Treasury secretary who is a colleague and friend of Pritchett’s at Harvard. “The Obama administration had some concerns about the political left flank on this and did the craven thing,” says Pritchett.
Adds Pritchett, “there’s no question that Kim has done terrific things, but I wouldn’t nominate Mother Teresa to head the World Bank if she were still alive.”Hmmm........You can always rely on Obama to do the wrong thing.Read the full story here.