More recently, Barack Obama has insisted he’s not about to relinquish his “right” to appoint the next president of the World Bank either. As a sop to the developing world, he has at least gone for someone with an Asian-sounding name, Dr Jim Yong Kim. But let’s not be flippant. Kim may be a first-generation Korean immigrant, yet in most other respects he’s an all-American boy. Ultimately, he’ll dance to his master’s tune.
Outside endemic corruption, uncertain or wholly absent rule of law, and relatively low per capita income and life expectancy, there wouldn’t appear to be much that unites this disparate collection of nations. But there are at least two things that do – high growth and trade.
Why would Britain’s best-selling and best-loved broadsheet carry an article littered with “Asian-sounding name”, “hanger-ons“, “aggressive China” and outright dismissal of fledgling economic giants? The best answer I could find was in the classic British political comedy, Yes Prime Minister about “who reads the papers?”.