March 3, 2005

A New Job for Carly

Larry Kudlow was pretty tough on Carly Fiorina's tenure at HP. I was a little easier on her, but the market seemed to agree with Mr. Kudlow.

He posts today on a WSJ story suggesting that she is a leading contender for President of the World Bank. Larry is on board in a big way:

After six years at the helm of a global technology conglomerate, she has the management skills, the business acumen, and the policy vision to turn the World Bank into a 21st century institution.

For too long, the bank has relied on government-to-government lending without imposing free market conditions. Literally, hundred of billions of dollars may have been wasted in developing countries with very poor economic growth performance.

Ms. Fiorina is a strong believer in free markets and open trade. She understands the need for competitiveness among nations and businesses. She believes in lower taxes and private investments. She will insist on technological advance. Accountability and conditionality will be her watch words. She will spend U.S. taxpayer money wisely. Her leadership and communications skills are superb.

Imagine -- a capitalist heading the World Bank. What a concept!

Economics and Markets Posted by John Kranz at March 3, 2005 10:56 AM