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Professor
Degree Co-Director, Global Economic Affairs
Ilene Grabel is a Distinguished University Professor and co-director of the MA program in Global Economic Affairs at the Josef Korbel School of International Studies, University of Denver. Grabel was previously the recipient of the University Lecturer Award and the United Methodist Church University Scholar/Teacher of the Year, both awarded by the University of Denver.
Grabel's research and teaching focus on global financial governance; transregional, multilateral, and regional financial institutions; the political economy of domestic and international financial policies; developmental finance and the financial systems of countries in the Global South; financial and debt crises; capital controls, exchange rates, and central banking; and transformations in the global financial order.
Her research has been published in the Cambridge Journal of Economics, World Development, Journal of Development Studies, Review of Social Economy, Journal of Post-Keynesian Economics, Feminist Economics, Review of International Political Economy, EconomÃÂa Informa, Ola Financiera, International Review of Applied Economics, International Affairs, International Journal of Political Economy, Review of Radical Political Economics, Eastern Economics Journal, Journal of Economic Issues, Forum for Social Economics, Current History, International Theory, and Development and Change.
Grabel's book, When Things Don't Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence (MIT Press, 2017), won the 2019 European Association of Evolutionary Political Economy Robinson Prize, the 2019 International Studies Association International Political Economy Best Book Award, and the 2018 British International Studies Association International Political Economy Book Prize. Her previous book (with Ha-Joon Chang), Reclaiming Development (Bloomsbury Publishing, [2004]2014), has been translated widely.
Grabel has conducted commissioned research for the Division of Globalization and Development Strategies of United Nations Conference on Trade and Development, UN Group of 24, Human Development Report Office of the United Nations Development Program (UNDP), International Poverty Centre for Inclusive Growth of UNDP, United Nations Women, International Labour Organization, UN University/World Institute for Development Economics Research, and the NGOs Action Aid, Third World Network, and New Rules for Global Finance.
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Sié Center
Global Economic Affairs
2017. When Things Don't Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence, Cambridge, MA and London: The MIT Press.
2014 (2004). Reclaiming Development: An Alternative Economic Policy Manual, London: Bloomsbury Publishing. Co-authored with Ha-Joon Chang. Translated into Turkish (Imge Publishing House), Korean (Bookei Publishing House), Spanish (CLACSO), Portuguese (SURURU), Tamil (New Horizon Media Ltd.), Malayalam (New Horizon Media Ltd.), and Bahasa/Indonesia (Insist Press). Reissued in 2014 with Foreword by Robert Wade and new Preface.
2024. "The Ethics of Engaged Scholarship in a Complex World," International Affairs, 100(1), pp. 159-180, open access article, doi: 10.1093/ia/iiad292. Co- authored with Debbie Avant, Naaz Barma, and George F. DeMartino.
2024. "Economics for an Uncertain World," World Development, 173, open access article, https://doi.org/10.1016/j.worlddev.2023.106426. Co-authored with George F. DeMartino and Ian Scoones. (Comic based on the article, "Uncertain Worlds Series, "Uncertain Worlds #2: Economics, Banking and Finance, drawn by Daniel Locke in collaboration with PASTRES at the Institute for Development Studies, Brighton, UK; exhibited at the Phoenix Art Space, October 25-29, 2023; https://pastres.org/2023/09/15/uncertain-worlds-2-economics-banking-and-finance/.)
2023. "A World on Fire: Observations and Speculations in a Crottyian Vein," Memorial Symposium on Professor Jim Crotty, Review of Radical Political Economics, 55(4), pp. 707-713, https://doi.org/10.1177/04866134231198217.
2023. "The War in Ukraine and the End of the American Financial Order?," Review of Radical Political Economics, 55(4), pp. 547-556, https://doi.org/10.1177/04866134231166.
2022. "Global Financial Governance and Progressive Feminist Agendas," International Journal of Political Economy, special issue: "Global Financial Markets, Central Bank Policy, and the Struggle for Full Employment: Celebrating Eugenia Correa's Achievements in Political Economy," 51(4), pp. 331-45.
2020. "Control in Crisis: A Discussion of COVID-19 and the Futility of Control in the Modern World" by Andy Stirling and Ian Scoones, Issues in Science and Technology 37(1), Fall 2020), https://issues.org/control-in-crisis-scoones-stirling-forum/#forum-response-block_5f7cea4adeb8f Issues in science and technology. Co-authored with George F. DeMartino.
2020. "Irreparable Ignorance, Protean Power, and Economics," contribution to symposium in International Theory on Protean Power: Exploring the Uncertain and Unexpected in World Politics (Peter J. Katzenstein and Lucia A. Seybert, eds., Cambridge: Cambridge University Press, 2018), 12(3), pp. 435-48, https://doi.org/10.1017/S1752971920000263. Co-authored with George F. DeMartino.
2019. "Continuity, Discontinuity, and Incoherence in the Bretton Woods Order: A Hirschmanian Reading," Development and Change (Special Issue on "Beyond Bretton Woods: Complementarity and Competition in the International Economic Order), 50(1), pp. 46-71, http://dx.doi.org/10.1111/dech.12469 .
2018. "The Upside of a Messier Global Financial Architecture," Current History (Special Issue on "A Decade of Aftershocks Since the Global Financial Crisis," 117(802), pp 321-4.
2018. "Reflections on the Economics Profession, the Neoliberal Conjuncture, and the Emerging Democratic Crisis: An Analysis in the Spirit of Albert O. Hirschman," Forum for Social Economics, Papers and Proceedings from the ASSA 2018 conference, 47(2), 173-83, https://doi.org/10.1080/07360932.2018.1451761.
2018. "Toward a Pluripolar Global Financial Architecture? The Bretton Woods Institutions and the New Landscape of Developmental Finance," Review of Radical Political Economics, Papers and Proceedings from the ASSA 2018 conference, 50(4), 653-59, https://doi.org/10.1177/0486613418761894
2015. "Post-crisis Experiments in Development Finance Architectures: A Hirschmanian Perspective on 'Productive Incoherence," Review of Social Economy, special issue on "Ethics, Finance, and the Great Recession," 73(4), 388-414.
2015. "Capital Controls and the Global Financial Crisis: Introduction to Symposium," Review of International Political Economy, Co-authored with Kevin P. Gallagher (lead author Grabel), vol. 22, no. 1, pp. 1-6.
2015. "The Rebranding of Capital Controls in an Era of Productive Incoherence," Review of International Political Economy, vol. 22, no. 1, pp. 7-43.
2013. "The Future of International Political Economy: Introduction to the 20th Anniversary Issue of RIPE," Review of International Political Economy, 20(5), pp. 1009-23. Co-authored with Daniel Mügge, Leonard Seabrooke, Cornelia Woll, Juliet Johnson, and Kevin P. Gallagher.
2013."Global Financial Governance and Development Finance in the Wake of the 2008 Financial Crisis, Feminist Economics, special issue on "Critical and Feminist Perspectives on Financial and Economic Crises," 19(3), pp. 32-54.
2011. "Not Your Grandfather's IMF: Global Crisis, 'Productive Incoherence,' and Developmental Policy Space, Cambridge Journal of Economics," (lead article), 35, pp. 805-830.
2003. "Ideology, Power and the Rise of Independent Monetary Institutions in Emerging Economies," in Jonathan Kirshner (ed.), Monetary Orders: Ambiguous Economics, Ubiquitous Politics, Ithaca: Cornell University Press, pp. 25-52.
2003. "Averting Crisis: Assessing Measures to Manage Financial Integration in Emerging Economies," Cambridge Journal of Economics, (lead article), vol. 27, no. 3, pp. 317-336.
2000. "The Political Economy of 'Policy Credibility': The New-Classical Macroeconomics and the Remaking of Emerging Economies, Cambridge Journal of Economics, (lead article), vol. 24, no. 1, pp. 1-19.
2022. "Post-American Moments in Contemporary Global Financial Governance," Peter J. Katzenstein and Jonathan Kirshner (eds.), The Downfall of the American Order? Liberalism's End? Ithaca: Cornell University Press, pp. 124-43.
2018. "Financial Crises and the Emergence of New Financial Architectures: Towards a Post-Neoliberal World, Solidarity and the South: New Directions in Long-Term Development Finance," Diana Barrowclough and Ricardo Gottschalk (eds.), United Nations Conference on Trade and Development, New York and Geneva, pp. 24-9.
2021. UN Women Think Piece, "Feminist Ideas for a Post-COVID-19 World," No. 5, July. "Enabling a Permissive Multilateralisms Approach to Global Macroeconomic Governance to Support Feminist Plans for Sustainability and Social Justice," UN Women Think Piece, Feminist Ideas for a Post-COVID-19 World, No. 5, July.
Distinguished University Professor, Josef Korbel School of International Studies, University of Denver, June 2019-Present
Faculty Career Champion, University of Denver, 2024, 2023
Recipient, University Lecturer, 2011-12, University of Denver
Recipient, United Methodist Church University Scholar/Teacher of the Year, 2005-6, University of Denver
Recipient of Graduate Students' Association award for "Most Useful Course at GSIS' (Practicum in Applied Economics Research: Denver in the Global Economy, co-taught with George DeMartino and Tucker Hart Adams), May 2004; Graduate Students' Association awards for "Best Professor at GSIS," "Best Course at GSIS" (International Monetary Relations), and "Most Useful Course at GSIS" (International Monetary Relations), April 2003; "Most Outstanding Professor at GSIS," May 1997; first Graduate Students' Association Council award for outstanding teaching in the graduate and professional schools, awarded "Most Outstanding Professor at GSIS," May 1995.
European Association for Evolutionary Political Economy, Joan Robinson Prize, 2019 (formerly the Myrdal Prize), When Things Don't Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence.
International Studies Association, International Political Economy Section Best Book Award, 2019, When Things Don't Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence.
British International Studies Association, International Political Economy Group Book Prize, 2018, When Things Don't Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence.
INTS 4320 International Monetary Relations (Graduate)
INTS 4355 Finance and Development (Graduate)
INTS 4532 Advanced Issues in International Monetary Relations (Graduate)
INTS 3600 International Monetary Relations (Undergraduate)
Ph.D., Economics, University of Massachusetts, Amherst, 1992
M.A., Economics, University of Massachusetts, Amherst, 1990
B.A., Economics; Magna Cum Laude and Honors in Economics, Queens College, City University of New York, 1985
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