Ph.D., Yale University
Political economy of global markets and development, politics of macroeconomic policymaking, Latin American politics
Stephen B. Kaplan is an Assistant Professor of Political Science and International Affairs. Professor Kaplan's research and teaching interests are on the frontiers of international and comparative political economy, where he specializes in the political economy of global finance and development. The guiding question shaping Kaplan's research agenda is whether markets and democracy are compatible in an age of deepening financial globalization. Professor Kaplan joined the GWU faculty in the fall of 2010 after completing a postdoctoral research fellowship at the Niehaus Center for Globalization and Governance at Princeton University.
His book is entitled Globalization and Austerity Politics in Latin America (Cambridge University Press, 2013). The dissertation on which this book is based won the Mancur Olson Award from the Political Economy Section of the American Political Science Association (2010) for the best dissertation in the field of political economy completed in the previous two years. The book builds and tests a theory that explains the effect of financial globalization on economic policymaking. Focusing on both the structural and individual influences on policymaking, Kaplan argues that a country's composition of international borrowing and its technocratic understanding of past economic crises combine to produce dramatically different outcomes in national policy choices. It uses a multi-method research strategy that includes extensive field research and country studies from Argentina, Brazil, Chile, Ecuador, and Venezuela. This book is targeted toward a broad audience within political science, economics, and Latin American politics, but is especially relevant for scholars of political economy of global finance, development and democracy, and the politics of economic policymaking. Beyond Latin America's borders, he has also published on the politics of the Chinese exchange rate and central bank independence in Japan.
While at Yale, Kaplan also worked as a researcher for former Mexican President Ernesto Zedillo at the Yale Center for the Study of Globalization. Prior to his doctoral studies, Kaplan was a senior economic analyst 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.