Zoellick on China’s choices

A dis­cur­sive account by Greg Sheri­dan in The Aus­tralian of a con­ver­sa­tion with World Bank Pres­i­dent Robert Zoel­lick on, among oth­er things, Chi­na’s devel­op­ment conun­drum and the growth of emerg­ing economies as an anti­dote to pessimism. 

Zoel­lick has a team of World Bank econ­o­mists work­ing close­ly with the Chi­nese lead­er­ship to help them move on from the growth mod­el that has served them so well for the past 30 years, but has prob­a­bly reached its use-by date. Zoel­lick­’s team is focused on a range of pol­i­cy conun­drums for the Chinese.

These include the trade­off between growth today with clean­ing up lat­er ver­sus a more green growth path. Anoth­er is whether to build a “wel­fare state” or a “work­fare state”.

Extract from The Aus­tralian

I wish the arti­cle had con­tained rather more of Zoel­lick and less of Sheridan.

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