Laura Alfaro is the Warren Alpert Professor of Business Administration. At Harvard Business School since 1999, she is also a Faculty Research Associate in the NBER International Finance and Macroeconomics Program and the International Trade and Investment Program, CEPR IFM program. She served as Minister of National Planning and Economic Policy in Costa Rica from 2010-2012, taking a leave from HBS. She is Vice-President of Latin American and Caribbean Economic Association (LACEA), Co-Editor of the Journal of International Economics and the World Bank Research Observer. Professor Alfaro is the author of multiple articles published in leading academic journals and Harvard Business School cases related to the field of international economics and in particular international capital flows, foreign direct investment, sovereign debt, trade, and emerging markets. She is a member of the Latin-American Financial Regulatory Committee (CLAAF), the David Rockefeller Center for Latin American Studies (DRCLAS) policy committee, Faculty Associate at Harvard's Weatherhead Center for International Affairs, among others.
Global per capita income increased sevenfold in the last century, and the share of people living in extreme poverty fell sharply to less than 10%. In parallel, every indicator of human we...
Real exchange rate devaluations are typically seen as a viable development strategy, but the effectiveness of the approach may vary over time and across countries. This column explores th...
