Chinese named as World Bank's chief economist

Justin Lin Yifu, a top economist from China has just been named the next chief economist by the World Bank. Yifu, who is PhD. In Economics from the University of Chicago is one of the front runner of development economics. He is also the first person from a developing country to hold that prestigious appointment and with this many is hoping that this will help World Bank to better understand the needs of the developing countries to implement effects policies and investment in the developing countries.