Anne Osborn Krueger
Anne Krueger | |
---|---|
Acting Managing Director of the International Monetary Fund | |
In office March 4, 2004 – June 7, 2004 | |
Preceded by | Horst Köhler |
Succeeded by | Rodrigo Rato |
First Deputy Managing Director of the International Monetary Fund | |
In office September 1, 2001 – August 31, 2006 | |
Preceded by | Stanley Fischer |
Succeeded by | John Lipsky |
Chief Economist of the World Bank | |
In office 1982–1986 | |
President | Alden W. Clausen |
Preceded by | Hollis Chenery |
Succeeded by | Stanley Fischer |
Personal details | |
Born | Endicott, New York, U.S. | February 12, 1934
Education | Oberlin College (BA) University of Wisconsin–Madison PhD) |
Academic career | |
Institutions | Johns Hopkins University Stanford University Duke University University of Minnesota |
Doctoral advisor | James Earley |
Doctoral students | Zvi Eckstein |
Anne Osborn Krueger (
Early life
Krueger was born on February 12, 1934, in
Professional career
As an economist, Krueger is known in macroeconomics and trade, famously coining the term
She first started teaching at the University of Wisconsin as a teaching assistant in 1955 and then became an economics professor in 1958.
After leaving the Bank, she taught at Duke University from 1987 to 1993, when she joined the faculty of Stanford University as Herald L. and Caroline L. Ritch Professor in Humanities and Sciences in the Department of Economics.[2] She stayed at Stanford until 2001. She was also the founding director of Stanford's Center for Research on Economic Development and Policy Reform; and a senior fellow of the Hoover Institution.
She served as First Deputy Managing Director of the
In 2005, she was awarded the prestigious title of Honorary Patron of the
She is a
Struggling with Success
The 1950s and the 1960s brought the neoclassical argument for open trade under attack because it had ignored (as Krueger quotes it) “dynamic considerations” and they stated that open trade was “static” (p. 51).[11] Throughout the 1990s there was a general consensus that open trade was anything but static and the benefits were largely “dynamic” (p51[11]).
In the book, Struggling with Success: Challenges Facing the International Economy (2012), Anne Krueger takes a defensive stance on globalization and the role it has played on improving the world and the lives of the people on it as a whole. She states that, “...globalization, has proceeded at a rapid pace since about 1800 and the degree of interdependence has greatly increased (p 24[11]).” During the same time the industrial countries (whose economies were integrating) saw rapid growth in the quality of life for poor nations (p 24[11]). Krueger's main focus is on the causes of the Asian “Tigers” growth, the rise of government regulation after and slightly before WWII and (regulations) inevitable fall, and how further deregulation improved the world economy.
Krueger places emphasis on the need to remove trade barriers and to deregulate domestic economies in the book Struggling with Success. Krueger says a lot of credit must be given to tools like “producer subsidy equivalent” in helping to remove trade barriers. “That tool permitted negotiations to begin restricting and dismantling agricultural protection (p 63[11]).” These effective protection and cost benefit analysis gave politicians “empirical quantification, however rough, of their relevant magnitudes (p 63[11]).” Krueger states that research results should be “observable, hopefully quantifiable, and recognizable by the policy maker (p 64[11]).” The most prevalent danger for economist is for their theories to be misinterpreted by policy makers (p 64[11]).
Ultimately, regulation has negative effects of the market in the country imposing the regulation and may have spillover effects on other countries trading with the nation imposing the regulations (p85[11]). She points to the interest equalization tax that caused the move of financial capital from the New York to London, Sarbanes-Oxley caused corporate headquarters to be moved from the US, and anti-dumping duties caused the move of computer assembly firms (p85[11]). She concludes here by saying that unprecedented economic growth from open trade regimes led to an increased appreciation of supply-side economics.
Rent-Seeking
In 1974, Krueger wrote "The Political Economy of the Rent-Seeking Society" in which she popularized the term
Editorship
- Reforming India's Economic, Financial and Fiscal Policies (2003, with Sajjid Z. Chinoy).
- Latin American Macroeconomic Reform: The Second Stage (2003, with Jose Antonio Gonzales, Vittorio Corbo, and Aaron Tornell).
- Economic Policy Reform and the Indian Economy (2003).
- A New Approach to Sovereign Debt Restructuring (2002).
- Economic Policy Reform: The Second Stage (2000).
- The WTO as an International Organization (2000).
- Krueger, Anne O (2012). Struggling with Success: Challenges Facing the International Economy. Hackensack, New Jersey: World Scientific. p. 400. ISBN 978-981-4374-32-3. Archived from the originalon 2012-05-11. Retrieved 2011-12-09.
References
- ^ Prof. Dr Anne O. Krueger - 42nd St. Gallen Symposium
- ^ a b c "Anne O. Krueger -- Biographical Information". www.imf.org. Retrieved 2016-04-25.
- ^ a b c "Anne O. Krueger | SAIS". www.sais-jhu.edu. Retrieved 2016-04-25.
- ^ a b c "Anne O. Krueger". Johns Hopkins School of Advanced International Studies. Retrieved 2019-04-24.
- ^ a b c "The Political Economy of the Rent-Seeking Society," American Economic Review 64.3 (1974): 291 Walter E. Williams 303
- ^ Eamonn Butler, Public Choice: A Primer, London: Institute of Economic Affairs, 2012, p. 75
- ^ "The Political Economy of Controls: American Sugar," NBER Working Paper 2504 (1988)
- ^ a b c "Anne Krueger's CV" (PDF). October 27, 2016.
- ISSN 0002-8282.
- ^ "APS Member History". search.amphilsoc.org. Retrieved 2021-06-08.
- ^ ISBN 978-981-4374-32-3.
External links
- Johns Hopkins University SAIS Faculty Website
- Anne O. Krueger, Biographical Information, copyrighted by the International Monetary Fund [1] A, used under fair use; see [2]
- Anne O. Krueger Trade Policy and Economic Development: How We Learn The American Economic Review, Vol. 87, No. 1 (Mar., 1997), pp. 1–22
- Appearances on C-SPAN