Head of World Bank optimistic about new economic order

The dollar’s days as the dominant currency may be numbered as PricewaterhouseCoopers estimates the global economy will double in size by the end of the 2020s

By Larry Elliott / THE GUARDIAN , ISTANBUL, TURKEY

He believes food security will replace GDP as the yardstick of success, and there will be an emphasis on the new “three Rs” — reduce, repair, recycle.

In one respect, Zoellick, Strauss-Kahn and Simms are in full agreement: decisions taken in the next two or three years will shape the next two or three decades.

“We are balanced on a knife edge,” Simms says. “The potentialities are wonderful; the probabilities deeply disturbing.”