Steve Radelet

Senior Fellow
sradelet@cgdev.org

Expertise

Foreign aid, debt, economic growth, financial crises, macroeconomics, and trade between rich and poor countries.

Initiatives

Research Topics

Education

PhD, Harvard University (1990); MPP, Harvard University (1986); BS, Central Michigan University (1979)

Background

Steven Radelet is a Senior Fellow at the Center for Global Development, where he works on issues related to foreign aid, developing country debt, economic growth, and trade between rich and poor countries. He was Deputy Assistant Secretary of the U.S. Treasury for Africa, the Middle East, and Asia from January 2000 through June 2002. In that capacity he was responsible for developing policies on U.S. financial relations with the countries in these regions, including debt rescheduling and programs with the IMF, World Bank, and other international financial institutions. He oversaw policy development on the U.S. response to Turkey’s financial crisis, Pakistan’s debt restructuring, India’s financial relationships with the U.S., the aftermath of Indonesia’s financial crisis, Nigeria’s re-engagement with the international financial institutions, and development issues throughout Africa. From 1990-2000 he was on the faculty of Harvard University, where he was a Fellow at the Harvard Institute for International Development (HIID), Director of the Institute's Macroeconomics Program, and a Lecturer on Economics and Public Policy. From 1991-95, he lived in Jakarta, Indonesia, where he was HIID's resident advisor on macroeconomic policy to the Indonesian Ministry of Finance. He served in a similar capacity with the Ministry of Finance and Trade in The Gambia from 1986-88. He was also a Peace Corps Volunteer in Western Samoa from 1981-83. He currently serves as an economic advisor to the President and the Minister of Finance of Liberia.

His research and publications have focused on foreign aid, economic growth, financial crises, and trade policy in developing countries, especially in sub-Saharan Africa and East Asia. He has written numerous articles in economics journals and other publications, is co-author of Economics of Development (a leading undergraduate textbook), and author of Challenging Foreign Aid: A Policymaker’s Guide to the Millennium Challenge Account.

Full CV

Other CGD Publications

The Global Fund to Fight AIDS, TB, and Malaria: Performance and Vision (2/17/2005)

The Global Fund to Fight AIDS, TB, and Malaria: Progress, Potential, and Challenges for the Future (06/30/2004)

Non-CGD Publications

"Providing New Financing to Low-Income Countries with High Levels of Debt: Some Considerations" with Hanley Chiang, Issue Paper on Debt Sustainability, HIPC Unit, World Bank, Washington DC, August 2003.

Dwight Perkins, Steven Radelet, and David Lindauer. Economics of Development, sixth edition (New York: W.W. Norton & Co.), 2006.

Steven Radelet, Jeffrey Sachs, and Jong-Wha Lee. 2001. "The Determinants of and Prospects for Economic Growth in Asia." International Economic Journal, 15-3 (Autumn).

Steven Radelet. 2001. "Regional Integration and Cooperation in Sub-Saharan Africa: Are Formal Trade Agreements the Right Strategy?" Journal of African Finance and Economic Development, 4-1.

Steven Radelet and Jeffrey Sachs. 2000. "The Onset of the East Asian Currency Crisis." In Paul Krugman (ed.) Currency Crises (Chicago: University of Chicago Press). Also available as National Bureau of Economic Research Working Paper #6680.

Steven Radelet and Jeffrey Sachs. 1998. "The East Asian Financial Crisis: Diagnosis, Remedies, Prospects." Brookings Papers on Economic Activity 1: 1998, pp. 1-74.

Steven Radelet and Jeffrey Sachs. 1997. "Reemerging Asia." Foreign Affairs Vol. 76 no. 6 (November/December), pp. 44-59.