Robert Zoellick

Robert Zoellick
11th President of the World Bank Group
In office July 1, 2007 – June 30, 2012
Nominated by	George W. Bush
Preceded by	Paul Wolfowitz
Succeeded by	Jim Yong Kim
Deputy Secretary of State of the United States
In office February 22, 2005 – July 7, 2006
President	George W. Bush
Preceded by	Richard Armitage
Succeeded by	John Negroponte
Trade Representative of the United States
In office January 20, 2001 – February 22, 2005
President	George W. Bush
Preceded by	Charlene Barshefsky
Succeeded by	Rob Portman
White House Deputy Chief of Staff
In office August 23, 1992 – January 20, 1993
President	George H. W. Bush
Preceded by	Henson Moore
Succeeded by	Mark Gearan
Undersecretary of State for Economic and Agricultural Affairs of the United States
In office May 20, 1991 – August 23, 1992
President	George H. W. Bush
Preceded by	Richard McCormack
Succeeded by	Joan Spero
Counselor of the Department of State of the United States
In office March 2, 1989 – August 23, 1992
President	George H. W. Bush
Preceded by	Max Kampelman
Succeeded by	Tim Wirth
Personal details
Born	Robert Bruce Zoellick (1953-07-25) July 25, 1953 Naperville, Illinois, U.S.
Political party	Republican
Spouse(s)	Sherry Zoellick
Alma mater	Swarthmore College Harvard University
Religion	Lutheranism[1]

Robert Bruce Zoellick (/ˈzɛlɪk/; German: [ˈtsœlɪk]; born July 25, 1953) is an American banker who was the eleventh president of the World Bank, a position he held from July 1, 2007 to June 30, 2012.^[2] He was previously a managing director of Goldman Sachs,^[3] United States Deputy Secretary of State (resigning on July 7, 2006) and U.S. Trade Representative, from February 7, 2001 until February 22, 2005. Zoellick has been a senior fellow at his alma mater Harvard Kennedy School since retirement from the World Bank in July 1, 2012.

President George W. Bush nominated Zoellick on May 30, 2007 to replace Paul Wolfowitz as President of the World Bank.^[4] On June 25, 2007, Zoellick was approved by the World Bank's executive board.^[2][5]

Background

Zoellick was born in Naperville, Illinois, the son of Gladys and William T. Zoellick.^[6] His family is of German origin^[7] and he was raised Lutheran.^[1] He graduated in 1971 from Naperville Central High School, graduated Phi Beta Kappa in 1975 from Swarthmore College as a history major, and received his J.D. from Harvard Law School and a Master of Public Policy degree from Harvard University's John F. Kennedy School of Government in 1981.^[8][9][10]

Career

Judicial clerkship (1982–1983)

Upon graduation from Harvard Law School Zoellick served as a law clerk for Judge Patricia Wald on the United States Court of Appeals for the District of Columbia Circuit.

Government service (1985–1992)

Zoellick served in various positions at the Department of the Treasury from 1985 to 1988. He held positions including Counselor to Secretary James Baker, Executive Secretary of the Department, and Deputy Assistant Secretary for Financial Institutions Policy.

During George H. W. Bush's presidency, Zoellick served with Baker, by then Secretary of State, as Under Secretary of State for Economic and Agricultural Affairs, as well as Counselor to the Department (Under Secretary rank). In August 1992, Zoellick was appointed White House Deputy Chief of Staff and Assistant to the President.^[8] Zoellick was also appointed Bush's personal representative for the G7 Economic Summits in 1991 and 1992.

Business, academia, and politics (1993–2001)

After leaving government service, Zoellick served from 1993 to 1997 as an Executive Vice President of Fannie Mae.^[11][12] Afterwards, Zoellick was appointed as the John M. Olin Professor of National Security at the U.S. Naval Academy (1997–98); Research Scholar at the Belfer Center for Science and International Affairs at the John F. Kennedy School of Government; and Senior International Advisor to Goldman Sachs.^[9][12]

Zoellick signed the January 26, 1998 letter^[13] to President Bill Clinton from Project for a New American Century (PNAC) that advocated war against Iraq.

During 1999 Zoellick was, for a short period, the head of the Center for Strategic and International Studies (CSIS).^[14]

Also during 1999, Zoellick served on a panel that offered Enron executives briefings on economic and political issues.^[15]

In the 2000 presidential election campaign, Zoellick served as a foreign policy advisor to George W. Bush as part of a group, led by Condoleezza Rice, that called itself The Vulcans. James Baker designated him as his second-in-command—"a sort of chief operating officer or chief of staff"—in the 36-day battle over recounting the vote in Florida.^[16]

U.S. Trade Representative (2001–2005)

Zoellick was named U.S. Trade Representative in Bush's first term; he was a member of the Executive Office, with the rank of Ambassador. According to the U.S. Trade Representative website, Zoellick completed negotiations to bring China and Taiwan into the World Trade Organization (WTO); developed a strategy to launch new global trade negotiations at the WTO meeting in Doha, Qatar; shepherded Congressional action on the Jordan Free Trade Agreement and the Vietnam Trade Agreement; and worked with Congress to pass the Trade Act of 2002, which included new Trade Promotion Authority.^[9] He also heavily promoted the Central American Free Trade Agreement over the objections of labor, environmental, and human rights groups.^[17]

Zoellick played a key role in the U.S.-WTO dispute against the European Union over genetically modified foods. The move sought to require that the European Union comply with international obligations to use science-based methods in continuing its moratorium on the approval of new genetically modified crops within the E.U.^[18]

Deputy Secretary of State (2005–2006)

On January 7, 2005, Bush nominated Zoellick to be Deputy Secretary of State.^[19] Zoellick assumed the office on February 22, 2005. The New York Times reported on May 25, 2006 that Zoellick could soon announce his departure. Zoellick agreed to serve as Deputy Secretary of State for not less than one year. He was seen as a major architect of the Bush administration’s policies regarding China.

On September 21, 2005, Zoellick created a major stir on both sides of the Pacific by giving a remarkably candid speech to the National Committee on U.S.-China Relations. In the speech, he not only introduced the notion of China as a "responsible stakeholder" in the international community but sought to allay fears in the US of ceding dominance to China.^[20]

In addition, Zoellick chartered a new direction in the Darfur peace process.^[21] During a trip to a Darfur refugee camp in 2005, he wore a bracelet with the motto, "Not on our watch." Zoellick was seen by many as the administration's strongest voice on Darfur. His resignation catalyzed groups, such as the Genocide Intervention Network, to praise his record on human rights issues.^[22]

President of the World Bank (2007–2012)

Zoellick officially took office as President of the World Bank on July 1, 2007, following nearly a year spent at Goldman Sachs.

In a major speech at the National Press Club in Washington on October 10, 2007, Zoellick formulated what he described as "six strategic themes in support of the goal of an inclusive and sustainable globalization" which he proposed should guide the future work of the World Bank:

First, the World Bank Group faces the challenge of helping to overcome poverty and spur sustainable growth in the poorest countries, especially in Africa...

Second, we need to address the special problems of states coming out of conflict or seeking to avoid the breakdown of the state...

Third, the World Bank Group needs a more differentiated business model for the middle income countries...

Fourth, the World Bank Group will need to play a more active role in fostering regional and global public goods that transcend national boundaries and benefit multiple countries and citizens...

Fifth, one of the most notable challenges of our time is how to support those seeking to advance development and opportunities in the Arab World...

Finally, while the World Bank Group has some of the attributes of a financial and development business, its calling is much broader. It is a unique and special institution of knowledge and learning. It collects and supplies valuable data. Yet this is not a university – rather it is a “brain trust” of applied experience that will help us to address the five other strategic themes.^[23]

During Zoellick's time at the World Bank, the institution's capital stock has been expanded^[24] and lending volumes increased to help member countries deal with the global financial and economic crisis;^[24] assistance has been stepped up to deal with the famine in the Horn of Africa;^[25] a major increase in resources has been achieved for the institution's soft loan facility, the International Development Association (IDA), which lends to the poorest countries;^[26] and a reform has been carried out to the World Bank's shareholding, Executive Board and voting structure, to increase the influence of developing and emerging economies in the World Bank's governance.^[27]

World Bank succession

On March 23, 2012, President Barack Obama announced that the United States would nominate Jim Yong Kim as the next president of the World Bank. On April 16, Kim was elected to head the World Bank; he took office on July 1.^[28]

Kim was selected over Ngozi Okonjo-Iweala, Minister of Finance of the Federal Republic of Nigeria.^[29][30] The African Union Commission supported her candidacy.^[31] Another candidate, former Colombia Finance Minister Jose Antonio Ocampo dropped out of the race and fully backed the election of Ngozi Okonjo-Iweala.^[32] United States Secretary of State Hillary Rodham Clinton was frequently mentioned as a possible successor to President Zoellick at the end of his term in mid-2012. Clinton expressly stated that she had no desire to hold further political office.

Senior Fellow at Harvard Kennedy School (2012–present)

Since retirement from the World Bank, Zoellick took up the position at a senior fellow at Harvard Kennedy School’s Belfer Center for Science and International Affairs on July 1, 2012.^[33]

Mitt Romney 2012 presidential campaign

During the 2012 United States presidential election, Zoellick was appointed to lead the national security portion of Republican candidate Mitt Romney's transition team should he be elected President of the United States. Anonymous sources, as reported in November 2012 by Foreign Policy, affiliated with Romney's transition project claimed he had been positioning himself to be appointed as Romney's United States Secretary of State. However, several anonymous former Romney advisers stated to Foreign Policy that foreign policy transition team members would not necessarily receive certain jobs in Romney's potential administration.^[34] This speculation was also fueled by Politico in August 2012, when it was reported that 'in diplomatic circles it is seen as very likely' that Zoellick "could get the top job" as Secretary of State in a potential Romney cabinet.^[35]

Ultimately, Romney lost the election to incumbent President Barack Obama, thus ending Romney's transition efforts and, with it, speculation about Zoellick's role in a Romney administration.^[34]

Board memberships and honors

Zoellick has served as a board member for a number of private and public organizations, including Alliance Capital, Said Holdings, and the Precursor Group; as a member of the advisory boards of Enron^[36] and Viventures, a venture fund; and a director of the Aspen Institute's Strategy Group. As of August 2, 2013, Zoellick has been appointed by Temasek Holdings - Singapore’s state-owned investment arm, to its board of directors, as the company looks to start its first office in the United States.

He has also served on the boards of the German Marshall Fund and the European Institute and on the World Wildlife Fund Advisory Council. He was a member of Secretary William Cohen's Defense Policy Board Advisory Committee.^{[citation needed]} He is a member of the Council on Foreign Relations.

In 1992, he received the Knight Commander's Cross of the Order of Merit of the Federal Republic of Germany for his eminent achievements in the course of German reunification. In 2002, he was awarded an honorary Doctor of Humane Letters from Saint Joseph's College in Rensselaer, Indiana.

Views

In 2005 Tom Barry, the policy director of the International Relations Center, wrote that Zoellick "regards free trade philosophy and free trade agreements as instruments of U.S. national interests. When the principles of free trade affect U.S. short-term interests or even the interests of political constituencies, Zoellick is more a mercantilist and unilateralist than free trader or multilateralist."^[37]

Gavan McCormack has written that Zoellick used his perch as U.S. trade representative to advocate for Wall Street's policy goals abroad, as during a 2004 intervention in a key privatization issue in Japanese Prime Minister Junichiro Koizumi's re-election campaign. McCormack has written, "The office of the U.S. Trade Representative has played an active part in drafting the Japan Post privatization law. An October 2004 letter from Robert Zoellick to Japan’s Finance Minister Takenaka Heizo, tabled in the Diet on August 2, 2005, included a handwritten note from Zoellick commending Takenaka. Challenged to explain this apparent U.S. government intervention in a domestic matter, Koizumi merely expressed his satisfaction that Takenaka had been befriended by such an important figure… It is hard to overestimate the scale of the opportunity offered to U.S. and global finance capital by the privatization of the Postal Savings System."^[38]

In a January 2000 Foreign Affairs essay entitled "Campaign 2000: A Republican Foreign Policy," he was one of the first of those now associated with Bush's foreign policy to invoke the notion of "evil," writing: "[T]here is still evil in the world—people who hate America and the ideas for which it stands. Today, we face enemies who are hard at work to develop nuclear, biological, and chemical weapons, along with the missiles to deliver them. The United States must remain vigilant and have the strength to defeat its enemies. People driven by enmity or by a need to dominate will not respond to reason or goodwill. They will manipulate civilized rules for uncivilized ends."^[39] The same essay praises the "idealism" of Theodore Roosevelt and Woodrow Wilson.^{[citation needed]} Two years earlier, Zoellick was one of the signatories (who also included Donald Rumsfeld, Paul Wolfowitz, Richard Perle, Elliott Abrams, Zalmay Khalilzad, John R. Bolton, Richard Armitage, and Bill Kristol) of a January 26, 1998 letter to President Bill Clinton drafted by the Project for the New American Century calling for "removing Saddam [Hussein]'s regime from power."^[13]

While in the position of Deputy Secretary of State, Zoellick visited Sudan four times. He supported expanding a United Nations force in the Darfur region to replace African Union soldiers. He was involved in negotiating a peace accord between the government of Sudan and the Sudan Liberation Army, signed in Abuja, Nigeria in May 2006.

Zoellick is considered an influential advocate of US-German relations. Fluent in German, he possesses considerable knowledge of Germany, the country of his family background.

In the lead-up to the 2010 G-20 Seoul summit and in the immediate wake of the U.S. elections and subsequent Fed QE2 monetary-policy move, Zoellick published a noted^[40] call for increased awareness of the function of gold in international currency markets. This was misinterpreted by many economists as a call for the return of some form of gold standard in a post-Bretton Woods II world.^[41] The reaction of economists to this suggestion was largely negative, dismissing a renewed gold standard as unrealistic.^[42] Zoellick's response was to point out the misinterpretation: he did not advocate a return to the gold standard, but a new role for gold in currency markets as an alternative monetary asset, which he termed "reference point gold".^[43]

See also

• Distinguished German-American of the Year
• The Keynesian Resurgence of 2008 / 2009

References

External links

Wikimedia Commons has media related to Robert Zoellick.

• World Bank biography
• State Department biography
• Zoellick in Zmag
• "China and America: Power and Responsibility" – An address by Zoellick to the Asia Society Annual Dinner in New York, on February 25, 2004
• Robert Zoellick's list of federal campaign contributions
• Zoellick reports, clippings and sources
• Profile of Zoellick in the Harvard Law Record
• Appearances on C-SPAN
• Robert Zoellick at the Internet Movie Database
• Robert Zoellick collected news and commentary at The New York Times
• Robert Zoellick collected news and commentary at The Wall Street Journal
• Works by or about Robert Zoellick in libraries (WorldCat catalog)
• Robert Zoellick at the Notable Names Database

Political offices
Preceded by Max Kampelman	Counselor of the Department of State of the United States 1989–1992	Succeeded by Tim Wirth
Preceded by Richard McCormack	Undersecretary of State for Economic and Agricultural Affairs of the United States 1991–1992	Succeeded by Joan Spero
Preceded by Charlene Barshefsky	Trade Representative of the United States 2001–2005	Succeeded by Rob Portman
Preceded by Richard Armitage	Deputy Secretary of State of the United States 2005–2006	Succeeded by John Negroponte
Non-profit organization positions
Preceded by Paul Wolfowitz	President of the World Bank Group 2007–2012	Succeeded by Jim Yong Kim

v t e Cabinet of President George W. Bush (2001–2009)   Cabinet Secretary of State Colin Powell (2001–2005) Condoleezza Rice (2005–2009) Secretary of the Treasury Paul O'Neill (2001–2002) John W. Snow (2003–2006) Henry Paulson (2006–2009) Secretary of Defense Donald Rumsfeld (2001–2006) Robert Gates (2006–2009) Attorney General John Ashcroft (2001–2005) Alberto Gonzales (2005–2007) Michael Mukasey (2007–2009) Secretary of the Interior Gale Norton (2001–2006) Dirk Kempthorne (2006–2009) Secretary of Agriculture Ann Veneman (2001–2005) Mike Johanns (2005–2007) Ed Schafer (2008–2009) Secretary of Commerce Donald Evans (2001–2005) Carlos Gutierrez (2005–2009) Secretary of Labor Elaine Chao (2001–2009) Secretary of Health and Human Services Tommy Thompson (2001–2005) Mike Leavitt (2005–2009) Secretary of Housing and Urban Development Mel Martinez (2001–2003) Alphonso Jackson (2003–2008) Steve Preston (2008–2009) Secretary of Transportation Norman Mineta (2001–2006) Mary Peters (2006–2009) Secretary of Energy Spencer Abraham (2001–2005) Samuel Bodman (2005–2009) Secretary of Education Rod Paige (2001–2005) Margaret Spellings (2005–2009) Secretary of Veterans Affairs Anthony Principi (2001–2005) Jim Nicholson (2005–2007) James Peake (2007–2009) Secretary of Homeland Security Tom Ridge (2003–2005) Michael Chertoff (2005–2009)   Cabinet-level Vice President Dick Cheney (2001–2009) White House Chief of Staff Andrew Card (2001–2006) Joshua Bolten (2006–2009) Administrator of the Environmental Protection Agency Christine Todd Whitman (2001–2003) Mike Leavitt (2003–2005) Stephen L. Johnson (2005–2009) Director of the Office of Management and Budget Mitch Daniels (2001–2003) Joshua Bolten (2003–2006) Rob Portman (2006–2007) Jim Nussle (2007–2009) Director of National Drug Control Policy John P. Walters (2001–2009) Trade Representative Robert Zoellick (2001–2005) Rob Portman (2005–2006) Susan Schwab (2006–2009)

v t e World Bank World Bank Group International Bank for Reconstruction and Development International Development Association International Finance Corporation Multilateral Investment Guarantee Agency International Centre for Settlement of Investment Disputes Presidents Eugene Meyer John J. McCloy Eugene R. Black, Sr. George David Woods Robert McNamara Alden W. Clausen Barber Conable Lewis Thompson Preston James Wolfensohn Paul Wolfowitz Robert Zoellick Jim Yong Kim Elections 1946 1947 1949 1963 1968 1981 1986 1991 1995 2005 2007 2012

v t e Deputy Secretary of State of the United States of America John N. Irwin, II Kenneth Rush Robert S. Ingersoll Charles W. Robinson Warren Christopher William P. Clark Walter John Stoessel, Jr. Kenneth W. Dam John C. Whitehead Lawrence Eagleburger Clifton R. Wharton, Jr. Strobe Talbott Richard Armitage Robert Zoellick John Negroponte James Steinberg William Joseph Burns

v t e United States Trade Representative Christian Herter (1962) William M. Roth (1967) Carl J. Gilbert (1969) William D. Eberle (1971) Frederick B. Dent (1975) Robert S. Strauss (1977) Reubin Askew (1979) William E. Brock III (1981) Clayton K. Yeutter (1985) Carla A. Hills (1989) Mickey Kantor (1993) Charlene Barshefsky (1997) Robert Zoellick (2001) Rob Portman (2005) Susan Schwab (2006) Ron Kirk (2009) Michael Froman (2013)

Authority control WorldCat VIAF: 81668041 LCCN: no90026763 ISNI: 0000 0001 1494 2865 GND: 137483031

Persondata
Name	Zoellick, Robert Bruce
Alternative names
Short description	11th President of the World Bank Group
Date of birth	July 25, 1953
Place of birth	Naperville, Illinois
Date of death
Place of death