<P> The IEA is governed by a Council, composed of representatives of all Member Associations as well as a limited number of co-opted members . The Council meets triennially when it reviews the general policy of the Association and elects the President and other Officers and members of the Executive Committee for a three - year term of office . </P> <P> The Executive Committee, which numbers 15 members (and 3 advisors), decides, in the light of the general policies approved by the Council, the subjects of specialists' conferences and other projects and selects the chairman of the Program Committee who will be entrusted with the scientific preparation of each project . The general practice is to invoke the aid of an economist of outstanding distinction in the subject who, with other members of the Committee chosen by him in consultation with the IEA Officers and Executive Committee, undertakes the scientific planning of the program and is responsible for the subsequent publication . Decisions concerning the work of the Association are taken by the President, in consultation with the other Officers, the Executive Committee frequently being consulted . </P> <Table> <Tr> <Td> President </Td> <Td> Tim Besley (UK) </Td> </Tr> <Tr> <Td> President - elect </Td> <Td> Kaushik Basu (India) </Td> </Tr> <Tr> <Td> Vice President </Td> <Td> Dani Rodrik (Turkey) </Td> </Tr> <Tr> <Td> Treasurer </Td> <Td> Erik Berglöf (Sweden) </Td> </Tr> <Tr> <Td> Secretary General </Td> <Td> Omar Licandro (Spain) </Td> </Tr> <Tr> <Td> Past President </Td> <Td> Joseph Stiglitz (USA) </Td> </Tr> <Tr> <Td> Past past President </Td> <Td> Masahiko Aoki (Japan) </Td> </Tr> <Tr> <Td> Members </Td> <Td> Daron Acemoglu (Turkey) </Td> </Tr> <Tr> <Td> </Td> <Td> Fuad Aleskerov (Russia) </Td> </Tr> <Tr> <Td> </Td> <Td> Chong - En Bai (China) </Td> </Tr> <Tr> <Td> </Td> <Td> Bruce Chapman (Australia) </Td> </Tr> <Tr> <Td> </Td> <Td> Avner Greif (Israel) </Td> </Tr> <Tr> <Td> </Td> <Td> Louis Kasekende (Uganda) </Td> </Tr> <Tr> <Td> </Td> <Td> Eliana La Ferrara (Italy) </Td> </Tr> <Tr> <Td> </Td> <Td> Dalia Marin (Germany) </Td> </Tr> <Tr> <Td> </Td> <Td> Jose Antonio Ocampo (Colombia) </Td> </Tr> <Tr> <Td> </Td> <Td> Torsten Persson (Sweden) </Td> </Tr> <Tr> <Td> </Td> <Td> Nagla Rizk (Egypt) </Td> </Tr> <Tr> <Td> </Td> <Td> Rohini Somanathan (India) </Td> </Tr> <Tr> <Td> </Td> <Td> Jan Svejnar (Czech Republic) </Td> </Tr> <Tr> <Td> </Td> <Td> Sukhadeo Thorat (India) </Td> </Tr> <Tr> <Td> </Td> <Td> Andrés Velasco (Chile) </Td> </Tr> <Tr> <Td> Advisers </Td> <Td> Joan Esteban (Spain) </Td> </Tr> <Tr> <Td> </Td> <Td> Ercan Uygur (Turkey) </Td> </Tr> <Tr> <Td> </Td> <Td> Jean - Paul Fitoussi (France) </Td> <Td> </Td> </Tr> </Table> <Tr> <Td> President </Td> <Td> Tim Besley (UK) </Td> </Tr>

Who took over as president of the iea