Excerpt:
There has been much discussion of the qualifications and nationality of the next head of the International Monetary Fund. This talk is insufficiently ambitious. The fund’s next head must be a genuine economic architect capable of helping to design an entirely new international monetary framework. The defining truth of our time is that the US-led international order – the one that gave birth to the IMF – is over. The problems in Greece, Ireland and Portugal are serious, but Europe can largely manage them itself. The IMF’s new leader must be chosen to address longer-term and more complex global challenges.
