On November 18, economics professor Bernard Gunter, PhD economics '98, and Haiyan Shi, PhD economics '01, presented "Linking Social Development with the Capacity to Carry Debt: Towards an MDG-Consistent Debt Sustainability Concept" as part of the Department of Economics Brown Bag Seminar Series. The seminar also featured SIS professor Deborah Brautigam and executive director of Jubilee USA Network Neil Watkins.
Cosponsored by the Department of Economics and the School of International Studies' Center for Development Studies and Practice, the seminar discussed how social development can be linked to low-income countries' capacity to carry debt. According to AU economics professor Robert Blecker, this is an important step towards adopting a debt sustainability concept that is explicitly linked to the Millennium Development Goals, which were adopted by world leaders at the United Nations Headquarters in New York in September 2000.
Gunter is president of the Bangladesh Development Research Center in Falls Church, Virginia, and Haiyan Shi is an economist at the International Monetary Fund. Earlier this year, the two coauthored an article entitled, "Linking Social Development with the Capacity to Carry Debt: Towards an MDG-Consistent Debt Sustainability Concept," with fellow alum Jesmin Rahman, PhD economics '98. The article appeared in Development Policy Review.
The economics department's Brown Bag Seminars provide an opportunity for faculty and graduate students to discuss current research and policy issues in the field.