Word: technocrats
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...there is one lesson to be learned from California's wild recall, it is that there is no one lesson. At a moment when the stakes could not have been higher, voters turned out a seasoned if bloodless technocrat and put their faith in an action hero who waved a broom. In an era of interminable campaigns, this one lasted nine weeks. At a time when other politicians hauled around briefcases full of 100-page platforms, Arnold Schwarzenegger spouted lines from his movies, gave no substantive interviews and agreed to exactly one debate, for which he knew the questions...
...succeeds Zhu?who championed his promotion to Premier and to the nine-member politburo Standing Committee?carrying a reputation as a buttoned-down technocrat who lacks not only his mentor's fiery bravado but also his business savvy. Even during his four-year stint as Vice Premier, Wen was rarely called upon to deal with foreigners or promote market economics. Some question whether he has the clear vision and political will to run China's contentious Cabinet while managing a trillion-dollar economy, overseeing the layoffs of millions of angry workers in state companies and forcing another round of market...
...With many of China's 60 million registered investors sharing Chen's sense of outrage, the pressure on the country's new stock cop is palpable. Shang Fulin, a little-known technocrat, landed in the hot seat last week when he was named chairman of the China Securities Regulatory Commission (CSRC). His challenge: to impose order on a stock market that a leading Chinese economist once described as worse than a casino (because "at least casinos have rules"). Shang arrives at a precarious juncture. Even as China's GDP has grown 8% annually, its market has sunk more than...
...Shang up to the task? Some observers are skeptical, given that he has no public record as a reformer with a commitment to greater openness. "We're worried he's simply a technocrat and not an advocate," says a senior executive at a multinational investment bank, "and that could affect the progress of reforms...
...tobacco and cattle farmer. After excelling at his high school, Kibaki studied at Uganda's Makerere University, one of Africa's best, and at the London School of Economics. He helped draw up the first Kenyan constitution and then served as Kenyatta's Finance Minister. A serious and clean technocrat, he can still sound as if he's addressing a class of economics students. He fell out with Moi in the 1980s and quit KANU to run for the presidency in Kenya's first real multiparty elections in 1992. Given to colorful shirts much like Nelson Mandela's, Kibaki stood...