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The Forum > Article Comments > Glamour over substance > Comments

Glamour over substance : Comments

By Oliver Hartwich, published 20/6/2011

Who would you choose to run the IMF - an economist or a lawyer with no economics but lots of style?

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The question is incorrectly framed.

I would not want anybody to head the IMF because I think the IMF should be abolished along with the World Bank. Both institutions do more harm than good. In fact their mere existence does harm.
Posted by stevenlmeyer, Monday, 20 June 2011 3:39:59 PM
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For once we agree Stevenlmeyer.Include in that list of bankster parasites ,Bank of International Settlements and the US Federal Reserve,which Ron Paul is trying to abolish.They are all a criminal blight on all our humanity.
Posted by Arjay, Monday, 20 June 2011 6:52:39 PM
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This is an interesting article. Interesting because the author seems to focus on the appearance of one candidate (female) while stressing the qualifications of the other instead of focusing on the qualifications and experience of both candidates with equal objectivity. Whether the female candidate is "glamorous" or not surely
in this day and age should not matter - should it? The same as the fact that the male candidate is rather over-weight and could have an
early heart-attack won't be taken into account - perhaps it should do?
That's why the heading "Glamor over substance," is quite funny really.

Let's get down to the nitty gritty. Christine Lagarde has been the French Finance Minister since 2007 - which means that she has had "hands on" experience. Often this stands in good stead for
a job because as we know from experience there is often little relationship between educational achievement and job performance or productivity. The fact is that the skills required to get a degree
are not the same skills needed to deal with certain situations that a job may entail. Most people pick up the necessary skills on the job, not in the classroom, and the characteristics that make for a successful career (such as initiative, leadership, drive, negotiating ability, willingness to take risks, and persuasiveness) aren't taught in institutions of learning. On the whole however, a higher credential does mean higher earnings, simply, because of the value job markets place on it.

Agustin Carstens - has a doctorate in economics and has also
been Deputy Managing Director of the Internal Monetary Fund from August 2003 to October 2006. Prior to that from 1999-2000 he served as Executive Director at the IMF - representing Costa Rica, El Salvador, Guatemala, Honduros, Mexico, Nicaragua, Spain and Venezuela. He's a "known entity." It's up to the IMF members as to who they vote for and who they decide is better qualified to do the job and why. Glamour over substance? I don't think so. Both candidates may have individual pluses and minuses - The 187 member countries should decide with a vote.
Posted by Lexi, Monday, 20 June 2011 8:35:33 PM
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