By Fareed Zakaria, CNN
I think that the most important thing to do in international institutions like the International Monetary Fund (IMF) is to try to bring in the emerging markets.
If you don’t bring them in, they’re going to freelance and they’re going to grow outside of the system. That’s the most dangerous thing that could happen. The international order that has created and imposed some degree of rules and norms could start fraying and could collapse.
To make sure that other countries like India, China and Brazil have buy-in to the system, you've got to get them a real seat at table.
That means if there is to be a new head for the IMF, I think that this would be the perfect moment to choose somebody not from Europe - which has held the top IMF job for its entire existence - but somebody like Ernesto Zedillo, the former President of Mexico, who would be superb, or Mohamed El-Erian, an Egyptian who runs the largest bond-trading operation in the world.
Those would be people whose qualifications nobody would question; they would be superb at the top job. And the selection of either one of them would send a very powerful signal that we’re in a new age.