Chapter 20: Development Economics
William Easterly William Easterly was born in Morgantown, West Virginia in 1957 and graduated with a BA in economics from Bowling Green State University in 1979 before obtaining a PhD in economics from the Massachusetts Institute of Technology in 1985. Between 1985 and 2001, Professor Easterly worked at the World Bank; Economist in Operations, first West Africa and then Colombia Division (1985–1987), Economist, World Development Report (1988) and Senior Adviser, Macroeconomics and Growth Division, Research Department (1989–2001). He then moved to the Institute for International Economics and the Center for Global Development, before taking up his current position as Professor of Economics at New York University in 2003. At NYU, Professor Easterly teaches a course in Economic Development at both the undergraduate and PhD levels and a master’s course in Africa and the World Economy. Professor Easterly’s research interests are the determinants of long-run economic growth, the political economy of development and the effectiveness of foreign aid. His articles have appeared in the American Economic Review, Quarterly Journal of Economics, Journal of Monetary Economics, Journal of Economic Literature and Journal of Economic Growth, among others. His books include, What Works in Development? Thinking Big and Thinking Small (Brookings Institution Press, 2009), co-edited with 355 M2372 - BOWMAKER TEXT.indd 355 29/9/10 11:36:40 356 The heart of teaching economics Jessica Cohen, Reinventing Foreign Aid (MIT Press, 2008), editor, The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little...
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