As the west recovers and emerging economies start to struggle, the pattern of growth is reversing

As the west recovers and emerging economies start to struggle, the pattern of growth is reversing

We are not prepared for the rise of developing nations

What is the role of the World Bank, the world's biggest development agency, now that private capital flows freely to many poor countries? Michael Prest surveys the first year in office of president James Wolfensohn and his attempt to renew…