The presidency of the World Bank is a position that has not received much attention in recent years, but under the Baker plan for dealing with Third World debt, it could take on far greater importance. Accordingly, after A.W. Clausen announced last week that he will step down as head of the global lender, speculation began almost immediately over who might succeed him. The post has traditionally been held by an American, and the opening could lead to an intriguing round-robin job shuffle.
Heading the list of prospective successors to Clausen is Paul Volcker, 58, chairman of the Federal Reserve Board....
To continue reading:
or
Log-In
