Barack Obama's administration announced Jim Yong Kim, president of Dartmouth College, as its nominee for the next president of the World Bank on Friday, March 23. With that nomination, the White House has stuck to the archaic principle that the leadership of the World Bank should be reserved for a U.S. citizen -- Kim was born in South Korea, but he has been in the United States since he was five. On the plus side, however, the White House's selection suggests an interest in moving the World Bank further toward a new operating model, something that is sorely needed in a rapidly changing world.
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