James Raymond Vreeland (born 1971, New York City) is Professor of Politics and International Affairs in the Princeton School of Public and International Affairs and the Department of Politics at Princeton University. He conducts research in the field of international political economy, specializing in international institutions.
Prior to joining the faculty at Princeton University in July 2018, he served as associate and full Professor of Political Science at Georgetown University (2009-2018) and as assistant and associate professor of Political Science at Yale University (1999–2008). He has held visiting positions and affiliations at universities on five continents around the world, including the University of California, Los Angeles, [1] the ETH Zürich, Bond University, [2] the University of São Paulo, and most recently Korea University. [3] He received his BA from Manhattan College, where he graduated Phi Beta Kappa and summa cum laude in 1994 and his PhD from New York University in 1999. [4]
His research explores a range of policy outcomes, including economic growth [5] and the distribution of income under programs of economic reform, [6] the foreign policy positions of developing countries, [7] the transparency of policy making under different political institutions, [8] and the commitment of governments to defend human rights. [9] His research addresses the ways in which international institutions interact with domestic politics. [10] The domestic institutions he has focused on include both democracies and dictatorships, as well as intermediate regimes. [11] His research is most known for its treatment of international institutions, particularly the International Monetary Fund (IMF), the World Bank, and the United Nations Security Council.
His first book, entitled The IMF and Economic Development (Cambridge University Press, March 2003), was critically and favorably reviewed by several scholars. [12] He has more recently published an introductory book about the IMF, entitled The International Monetary Fund: Politics of Conditional Lending (Routledge, January 2007), which was carefully critiqued in a 20-page review by the deputy director of the IMF’s External Relations Department. [13] He is also the co-editor of Globalization and the Nation State: The Impact of the IMF and the World Bank (Routledge, 2006), along with Gustav Ranis and Stephen Kosack. The book includes contributions from leading North American analysts such as Nancy Birdsall and Stephen Morris, as well as European-based analysts including Frances Stewart. [14] He has published in numerous scholarly journals, including International Organization , Journal of Conflict Resolution , European Economic Review , Journal of Development Economics , Public Choice , World Development , International Political Science Review , Political Analysis , World Economics, and Foreign Policy Magazine . He currently serves as an associate editor for The Review of International Organizations . [15] His research has led him to be covered by media internationally, including the Australian Broadcasting Corporation, [16] DawnNews, [17] BizRadio Network, [18] the Washington Post , [19] Financial Times Deutschland , [20] De Tijd , [21] and Der Bund . [22]
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 190 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world."
Neoliberalism is both a political philosophy and a term used to signify the late-20th-century political reappearance of 19th-century ideas associated with free-market capitalism. The term has multiple, competing definitions, and is often used pejoratively. In scholarly use, the term is often left undefined or used to describe a multitude of phenomena. However, it is primarily employed to delineate the societal transformation resulting from market-based reforms.
The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 allied nations at the Mount Washington Hotel, in Bretton Woods, New Hampshire, United States, to regulate what would be the international monetary and financial order after the conclusion of World War II.
The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic action that together facilitate international flows of financial capital for purposes of investment and trade financing. Since emerging in the late 19th century during the first modern wave of economic globalization, its evolution is marked by the establishment of central banks, multilateral treaties, and intergovernmental organizations aimed at improving the transparency, regulation, and effectiveness of international markets. In the late 1800s, world migration and communication technology facilitated unprecedented growth in international trade and investment. At the onset of World War I, trade contracted as foreign exchange markets became paralyzed by money market illiquidity. Countries sought to defend against external shocks with protectionist policies and trade virtually halted by 1933, worsening the effects of the global Great Depression until a series of reciprocal trade agreements slowly reduced tariffs worldwide. Efforts to revamp the international monetary system after World War II improved exchange rate stability, fostering record growth in global finance.
The Bretton Woods system of monetary management established the rules for commercial relations among the United States, Canada, Western European countries, and Australia and other countries, a total of 44 countries after the 1944 Bretton Woods Agreement. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent states. The Bretton Woods system required countries to guarantee convertibility of their currencies into U.S. dollars to within 1% of fixed parity rates, with the dollar convertible to gold bullion for foreign governments and central banks at US$35 per troy ounce of fine gold. It also envisioned greater cooperation among countries in order to prevent future competitive devaluations, and thus established the International Monetary Fund (IMF) to monitor exchange rates and lend reserve currencies to nations with balance of payments deficits.
John Harold Williamson was a British-born economist who coined the term Washington Consensus. He served as a senior fellow at the Peterson Institute for International Economics from 1981 until his retirement in 2012. During that time, he was the project director for the United Nations High-Level Panel on Financing for Development in 2001. He was also on leave as chief economist for South Asia at the World Bank during 1996–99, adviser to the International Monetary Fund from 1972 to 1974, and an economic consultant to the UK Treasury from 1968 to 1970. He was also an economics professor at Pontifícia Universidade Católica do Rio de Janeiro (1978–81), University of Warwick (1970–77), Massachusetts Institute of Technology, University of York (1963–68) and Princeton University (1962–63).
International political economy (IPE) is the study of how politics shapes the global economy and how the global economy shapes politics. A key focus in IPE is on the power of different actors such as nation states, international organizations and multinational corporations to shape the international economic system and the distributive consequences of international economic activity. It has been described as the study of "the political battle between the winners and losers of global economic exchange."
International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of different countries, including trade, investment and transaction.
Axel Dreher is a German economist.
Barry Julian Eichengreen is an American economist and economic historian who is the George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley, where he has taught since 1987. Eichengreen is a research associate at the National Bureau of Economic Research and a research fellow at the Centre for Economic Policy Research.
Sir Timothy John Besley, is a British academic economist who is the School Professor of Economics and Political Science and Sir W. Arthur Lewis Professor of Development Economics at the London School of Economics (LSE).
Malcolm D. Knight is a Canadian economist, policymaker and banker. He is currently Visiting Professor of Finance at the London School of Economics and Political Science and a Distinguished Fellow at the Center for International Governance Innovation. From 2008 to 2012, Knight was Vice Chairman of Deutsche Bank Group where he was responsible for developing and coordinating the bank's global approach to issues in financial regulation, supervision, and financial stability. He served as general manager of the Bank for International Settlements from 2003 to 2008 and as Senior Deputy Governor of the Bank of Canada (1999-2003), after holding senior positions at the International Monetary Fund (1975-1999).
Anne Osborn Krueger is an American economist. She was the World Bank Chief Economist from 1982 to 1986, and the first deputy managing director of the International Monetary Fund (IMF) from 2001 to 2006. She is currently the senior research professor of international economics at the Johns Hopkins School of Advanced International Studies in Washington, D.C. She also is a senior fellow of Center for International Development and the Herald L. and Caroline Ritch Emeritus Professor of Sciences and Humanities' Economics Department at Stanford University.
Zhu Min is a Chinese economist and is deputy managing director of the International Monetary Fund. He was the inaugural special advisor to the managing director. Zhu has held senior positions at the Bank of China from 2003 to 2009 and was a deputy governor of the People's Bank of China from 2009 to 2010.
Domenico Lombardi is a former director of the Global Economy program at the Centre for International Governance Innovation (CIGI), a non-partisan global governance think tank in Waterloo, Ontario, Canada. He is also chair of the Oxford Institute for Economic Policy. Until 2013 he was a senior fellow at the Brookings Institution.
The Review of International Organizations is a peer-reviewed academic journal that analyzes operations and policies of both governmental and non-governmental organizations. Scientific contributions cover agencies such as the International Monetary Fund, the World Trade Organization, the World Bank, the G7, the NATO, the European Court of Human Rights, the United Nations, and similar formal institutions. In addition, the journal offers research on networks of international cooperation, including the Global Development Network and the International Competition Forum.
The Bretton Woods Committee is an American organization created in 1983 as a result of the agreement between U.S. Secretary of the Treasury, Henry Fowler, and U.S. Deputy Secretary of the Treasury, Charls Walker – at the time a Democrat and a Republican, respectively. The agreement they arrived upon was that world leaders should express to the public the significance of international finance institutions (IFIs), like the Bretton Woods Institutions, and how important it was for their prominence in the world to be maintained. After the 1944 Bretton Woods Conference, the International Monetary Fund and World Bank were established; they are now often referred to as "Bretton Woods Institutions".
James Alan Robinson is a British-American economist and political scientist. He is the Rev. Dr. Richard L. Pearson Professor of Global Conflict Studies and a University Professor at the Harris School of Public Policy at the University of Chicago. At Harris, he also directs The Pearson Institute for the Study and Resolution of Global Conflicts. Robinson previously taught at Harvard University from 2004 to 2015.
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purposes of economic development. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by environmental and social safeguards.
The Julis-Rabinowitz Center for Public Policy and Finance (JRC) is a leading research center at the Princeton School of Public and International Affairs (SPIA) of Princeton University. Founded in 2011, the JRC primarily promotes research on public policy as it relates to financial markets and macroeconomics. The center has also expanded its research and teaching to multiple disciplines, including economics, operations research, political science, history, and ethics.