Economist cautious. The Economist finds much to look forward to in a Wolfowitz presidency - Bush's nominee is prepared to be controversial, and able to articulate a bold vision.

But will a focus on democracy blur the Bank's economic mission? And can Mr Wolfowitz assert independence from the White House?

"It is perhaps instructive to look at the history of another man who came out of America’s defence department to head the World Bank: Robert McNamara, who as defence secretary was an architect of the Vietnam war," the paper writes.

"Steven Radelet of the Centre for Global Development, speaking to CNN, points out that Mr McNamara was accused of picking aid recipients based on their support for America’s foreign policy, rather than their suitability for assistance. Will Mr Wolfowitz be able to resist using his office to further his political aims?"

David Steven ~ March 16, 2005

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