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Stephen B. Kaplan PhD


After completing my PhD at Yale University in 2009, I joined the GWU faculty in the fall of 2010. In 2009-2010, I was a post-doctoral fellow at the Niehaus Center for Globalization and Governance at Princeton University. Prior to my doctoral studies, I worked as a senior economic researcher at the Federal Reserve Bank of New York, writing extensively on developing country economics, global financial market developments, and emerging market crises from 1998 to 2003. More recently, I was a global and residential fellow at the Wilson Center between 2017 and 2022.


Award Winner: 2023 Luciano Tomassini International Relations Book Award


What happens when developing countries borrow from China instead of Western markets and multilaterals? Given the considerable scale of China's global financing, what are its costs and benefits relative to more traditional financing? To what extent can other middle income powers replicate China's state-led capitalism? What are its implications for debt and dependency? 

View more about my books here.


Research and Media

My current research also examines debtor-creditor relations in global finance, the role of technocratic communities in shaping economic policy, and the economic rise of China and other emerging powers. I have published articles in The Journal of PoliticsElectoral Studies, Foreign AffairsLatin American Research Review, Research and Governance, the Review of International Political Economy, and World Development.  

My research and commentary has also been featured in a range of national media outlets, including the Atlantic, Bloomberg News, Foreign PolicyGeorgetown Journal of International Affairs, Goldman Sach's Top of the Mind, the New Republic, NPR’s Marketplace, and the Washington Post; and global media outlets, including Asahi Shimbun, the Buenos Aires HeraldFohla de Sao Paulo, the Hürriyet Daily News, Valor Econômico, and Xinhua News

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