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Stephen C. Smith
New institutional economics
Birth 1955 (age 54–55)
Nationality  United States
Institution George Washington University
Field Development economics, Poverty, Economics of participation
Alma mater Cornell University
Information at IDEAS/RePEc

Stephen C. Smith (born 1955) is an economist, author, and educator. He is Director of the Institute for International Economic Policy [1] at George Washington University, where he is also Professor of Economics and International Affairs [2].



Smith received his PhD in economics from Cornell University and has been a Fulbright Research Scholar. He has also held a Jean Monnet Research Fellowship [3] at the European University Institute in Florence, Italy. Smith joined the faculty of The George Washington University in 1983.

Smith serves as an Associate Editor of the Journal of Economic Behavior and Organization [4]. He is a former Director of the Research Program in Poverty, Development, and Globalization [5]. He served as first director of the International Development Studies Program at the Elliott School of International Affairs at George Washington University. Smith also serves on the Advisory Council of BRAC USA.


Smith is the author of Ending Global Poverty: A Guide to What Works [6] (Palgrave Macmillan, hc 2005, pb w/ Afterword 2009). He is co-author with Michael Todaro of Economic Development [7] (10th Ed., Addison-Wesley, 2008). He is also co-editor with Jennifer Brinkerhoff and Hildy Teegen of NGOs and the Millennium Development Goals: Citizen Action to Reduce Poverty [8] (Palgrave Macmillan, June 2007). Smith is also the author of other publications including approximately three dozen journal articles.

Smith is involved in efforts to address the most extreme forms of poverty, or ultra-poverty.[9] Smith’s Ending Global Poverty has a local program and microeconomic focus, in contrast to more macro approaches of Jeffrey Sachs' End of Poverty, Bill Easterly’s White Man’s Burden and Paul Collier’s Bottom Billion. Smith describes 16 poverty traps, most operating at local levels, and considers solutions.

Stephen Smith teaches courses in development economics. He has also been a consultant for the World Bank, the International Labour Office (ILO, Geneva), and the World Institute for Development Economics Research (UN-WIDER, Helsinki).

In addition to his work on poverty and development economics, Smith has also conducted research on the economics of participation, including works councils, ESOPs, and worker cooperatives, including research in Italy, Spain, Germany, China, and India.


  1. ^ "Institute for International Economic Policy University Website".  
  2. ^ "Stephen C. Smith Faculty Website".  
  3. ^ "Jean Monnet Fellowships Website".  
  4. ^ "Journal of Economic Behavior and Organization Website".  
  5. ^ "Research Program on Poverty Development and Globalization University Website".  
  6. ^ "Ending Global Poverty Publisher's Website".  
  7. ^ "Economic Development 10th Edition Publisher's Website".,3110,0321485734,00.html.  
  8. ^ "NGOs and the Millennium Development Goals: Citizen Action to Reduce Poverty Publisher's Website".  
  9. ^ and

External links



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