Commentary

Last January, The Economist described an event in Tel Aviv [“What next for the start-up nation? - Even in Israel, it is hard to turn young companies into adults”] where young technological firms make a 5-minute presentation to an audience that includes potential investors.

The selection of the American nominee Jim Yong Kim as President of the World Bank, over Nigeria’s finance minister, Ngozi Okonjo-Iweala, who was overwhelmingly regarded as a vastly superior candidate, is impossible to condone but easy to explain. It also points to serious dangers for the unfinished task of development.