On Lagarde’s leadership results, Charlton (2013) writes, “Lagarde has earned praise for her negotiating skills as managing director of the IMF through Europe’s debt crisis and is seen as a trailblazer for women leaders.” In 2012, the IMF spent over $15 billion in assistance funds to support economies in need, with $4.4 billion already spent in 2013 Q1 (“IMF Financial Activities,” 2013). Additional resources below (see “References”) point to further discussion on her leadership style and impact.
chose Christine Lagarde as my effective global leader. She is the current head of the International Monetary Fund (IMF). She has held this position for a little less than a year, after succeeding Dominique Strauss-Kahn who resigned after being accused of sexual assault. Due to the unfavorable image left by Strauss-Kahn, the IMF strove to improve their reputation by recruiting the confident, intelligent, and capable Lagarde.
Lagarde was born in Paris, France in 1956. Her mother was a teacher and her father was a professor. Though she was born in Europe, she ended up spending almost half of her life in the United States – she attended a private, all-girls school named Holton-Arms School outside of DC, then had an internship with Congressman William Cohen on Capitol Hill in 1974. She went to law school in France and rose to the top of an international law firm called Baker & McKenzie. Following this, she got involved in French government as (sequentially) the Minister of Commerce and Industry, the Minister of Agriculture, and finally, the Minister of Finance. Lagarde was the first female finance minister in the G-7. Of course, now she has progressed to be the managing director of the IMF.
The IMF is an economic organization made up of 187 countries “working to foster global monetary cooperation, secure financial stability, facilitate