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A New World Bank – The US, Japan and South Korea Force Change

While many people are now coming to gips with a changing world in which the top geopolitical strategists such as Peter Zeihan and Ian Bremmer explain said changes in books like The Accidental Superpower and The G-Zero World, there are new words that are being absorbed in Western societies. Those words and phrases have nuance such as Muslim and Islamist, or Globalization and Globalist and bring sophistication and layers to discourse for those who read research versus those who rely on the main stream media for distorted political information. We at Classiarius study research. 

Currently, the World Bank is going through some changes and the Untied States, Japan and South Korea are three countries that seem to truly understand that the centuries of technological progress and advances in cooperation, and after a rocky start,  make peaceful globalization not only possible but desirable. Globalization is very different from Globalism, and it is now being embraced by most as it underscores the importance of the transfer of technology, investment, goods and services and information while respecting every individual country and nation – especially the emerging market nations.

Globalization benefits each country and each society – Japan and South Koreans are now more affluent than they ever were, and they are more Japanese and Korean than they ever have been. They 2,000 year histories and cultures are still popular with young and old alike. 

Very International But Very Local – The Globalization Model Takes Over from the Globalist Model. 

One of the most common complaints by the emerging market leaders in Brazil, Mexico, Myanmar, Vietnam, Ghana and Turkey have been that they do not have a voice at World Bank as it is dominated by a small group of elites who do not understand the changes in structure of global finance. Currently, there are more options with an increasing supply of private investors for example. All evidence suggests that these countries need a global system of raising capital using technology of globalization while respecting the needs of each nation, or as we say, the nation-state. Some of these nations are suggesting that World Bank – and it seems the US, Japan and South Korea agree – should enact organizational reform towards a thematic approach. The knowledge base of the bank becomes one of super fast and efficient in capital introduction but at the same time, caters to the specific needs of each country while respecting cultural differences. 

We at Classiarius see the next president of World Bank who will take over from Jim Kong Kim (South Korean) on February 1, as a clever finance and technology specialist who, at the same time is fully in touch with people and their cultures on the emerging market world. More importantly, this new leader will need the skills to navigate the trade tensions that will arise with Germany, the US and China as these countries rely on emerging economies more now than ever before. 

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