Fall 2021 ECON 3235 Calendar meets Monday and Thursday at 4pm is 204 Keating
and ECON 3240 2021 World Poverty and Inequality Calendar
Fall Course Econ 6470 Growth and Development
Welcome to my home page
September 2021 Update: Stuff happens, but right both my Fall 2021 courses are in person with mask courses. My office hours are if you need assistance via Zoom anytime or in person after class
Spring 2022 Courses (registration opens )
Welcome to my personal web page… see also my Economics Department page. This Fall 2021 I am teaching both Economic Growth and Development ECON 6740 and Migration and Development: A Social Justice Perspective (ECON 3248) I very pleased to work or CIPS partners and with community groups like the Mexican Coalition for the Empowerment of Families. Our DACA benefit a few years ago paid off, DACA has been saved by the Supreme court. Hopefully, the Biden-Harris administration will fix the DHS and expand the DACA program. This is true formally but not in practice which is one reason we raised funds for DACA renewal and travel. This Fall 2021 I am teaching ECON 3235 Economics of Latin America and ECON 6470 Economics Growth and Development both courses will focus on overcoming the devastation wrought by COVID-19 and especially how to us vaccines to facilitate recovery. We are fortunate that New York City and the nation are on the path to recovery, in large part due to innovation and a new class of mRNA vaccines. One theme in both courses will be the massive contribution of the Indian and Latin American diaspora, proving once again that immigration provides a safety need to millions if not billions left behind in developing countire example Fordham PhD’s Maria Davalos’ Fordham Presentation Asylum Seekers in the EU: Evidence to inform Policy Making
Short Bio (2020) I am an Associate Professor of Economics at Fordham University Rose Hill in the Bronx. My research focuses on migration and development and applications of big data and GIS to promote development. Dr. McLeod’s most recent papers focus on the winding down of Mexico U.S. migration even as migration from Central America and other countries increase. Previously I worked as a consultant to World Bank with a focus on the CFA zone and LatAm. to Poverty Group under Nora Lustig’s capable leadership later at the UNDP BCPR where I was pleased to work with Ali Zafar. During the 1980s I worked on IDB and OAS missions to Venezuela and Mexico and helped Lehman Bothers (RIP) invest in these countries as well. Dr. McLeod has a BA and Ph.D. at UCB’s Agriculture and Resource Economics Department (the first year of this program is identical to that of all Economics PhD candidates at .
Research: My research focuses on growth and development in Africa and Latin America. In particular on policies that affect poverty, inequality, and social mobility. I am also part of a team working on a World Bank-sponsored project on the CFA Zone with two Fordham Ph.D. students. We are also updating a paper on real exchange rates and economic growth coauthored with Elitza Mileva. I highly recommended is the 2015/2017 UN DESA WESS report on Resilience and Climate Change for which I served on an expert review panel, it is a very provocative and informative report. My Latin America research with Sumaya Al Brahim, Nancy Birdsall, and Nora Lustig focus on the effect of accelerated growth and redistribution via social programs on inequality and social mobility in Latin America. Inequality and Mobility: Gatsby in the Americas for example, focuses on how transfers and social spending affect inter-generational mobility in Latin America. Similarly, our survey Declining Inequality in Latin America: Some Economics, Some Politics coauthored with Nancy Birdsall and Nora Lustig focuses on the success of various new political regimes in reducing poverty and inequality in Latin America. (Center For Global Development Working Paper #251 published in the Routledge Handbook of Latin American Politics). From 2008 to 2010 I co-directed a survey of recent Mexican immigrants living in New York who send remittances to Mexico. This extensive household survey was one of three Packard Foundation financed surveys on remittances and financial development sponsored. UCLA-NAID Teams conducted similar surveys of Mexican immigrants in Durham, North Carolina and the Venice-LA area. The common focus of these surveys is how remittances and mobile technologies affect financial inclusion and savings in the U.S. In 2006-2008 Dr. McLeod worked as a consultant to UNDP’s Poverty group and contributed to UNDP BCPR’s 2008 report Post-conflict economic recovery. UNDP (both the Poverty Group and BCPR) the World Bank (several divisions), Global Insight, WEFA’s and Lehman Brothers’ Latin America Group, the Inter-American Development Bank (pre-2000 labor market reforms in Venezuela), CEPAL in Mexico City, and the OAS.
Bio: from California to Fordham: Vice Kamala Harris’ parents met at a civil rights demonstrations in the 1960s. I lived in Lafayette then Moraga not far from Saint Mary’s College (where the 49ers practiced …) San Francisco was the focus of our nightlife (Bill Graham’s Fillmore auditorium) family At Berkeley I lived in makeshift commune on Berkeley Way with a number of other amazing people (we all thought a Revolution was imminent). My first TAs at UCB was the late Dr. Michael Perelman a radical pessimist who argued the Green Revolution would fail as GMOs reduce biodiversity…fortunately this excellent paper by Gollin et al. 2021 suggests that the benefits from tinkering with seed genes have been enormous. One Semester Caroline Winchell and I took a road trip to Ann Arbor and Minneapolis to visit cooperative restaurants and farms and markets. The result was Chapter in wonderful volume Radical Agriculture edited by Richard Merrill and published by Harper & Row…nice cover! Our course ECON 3235 is still Hybrid meaning one in-person class per week, but still online for everyone that wants to avoid the beautiful Cross Bronx expressway (though traffic is down no). I assume be back on the 5th floor Dealy? Not sure the circulation system is not the best, hopefully, Fordham can use stimulus funds to upgrade Dealy this Summer? Until we can meet on the lower floors of Dealy or even outside as Professor Naison does. Until then, fortunately have Skype or Zoom or google meet or skype name darryl.mcleod the good news is our students can be anywhere in the world, via email email@example.com or @DarrylMcLeodNYC.
Publications by Area (click the ∨ to expand):
Inequality, Social Mobility and Poverty:
Sumaya Ali Brahim and D. Mcleod (2016) “Inequality and Mobility: Gatsby in the Americas” Modern Economy 7:5 643-55.
Sumaya Ali Brahim and D. Mcleod (2015) Inequality and Social Mobility: Gatsby in the Americas, paper presented at the Mobility in the Americas Conference, April 24th 2015 sponsored by the Espinosa Yglesias Research Centre &Stanford Center on Poverty and Inequality, Inst for Research in the Social Sciences, Alta Road Stanford CA.
Fuentes, Norma, Sumaya Ali Brahim and D. Mcleod (2015) Gender and Mobility: Gatsby in the Americas, presented at the Fordham-Ibero Conference on Living Wages, Fordham University, July 21st 2015, Fordham University.
Nancy Birsdall, Nora Lustig and Darryl McLeod (2013) Declining Inequality in Latin America: Some Economics, Some Politics – CGD Working Paper #251 05/19/2011 now published in the 2013 Routledge Handbook of Latin American Politics, Peter Kingstone and Deborah J. Yashar, eds. March 7th 2013, Routledge, NY.
Darryl McLeod and Nora Lustig “Are Latin America’s New Left Regimes Reducing Inequality Faster?” Woodrow Wilson Center for International Scholars, Latin America Program, with Nora Lustig, July 2009.
“Tracking Monitoring MDG 1 Poverty reduction in Middle Income Countries: Bulgaria, Moldova, Chile, Costa Rica, El Salvador, Honduras and Mexico” 2007 prepared for UNDP-BDP Poverty Group, Oct 2007.
“Is poverty increasing in Bangladesh? Reconciling national and international estimates” report prepared for UNDP-BDP Poverty Group, November 2007 (revised).
How fast did Developing Country Poverty fall during the 1990s? : Capabilities-based tests of rival estimates” Economics Letters, 90 (2006) 297-303.
Nora Lustig and Darryl McLeod (1997) “Minimum Wages and Poverty in Developing Countries: Some Empirical Evidence” with Nora Lustig in Edwards, Sebastian and Nora Lustig eds., Labor Markets in Latin America, Brookings Institution Press, Washington D.C. 1997
Labor Markets and Post Conflict Recovery
Darryl McLeod and Maria Davalos (2007) “Post-Conflict Employment, Recovery and Poverty Reduction” paper prepared for UNDP-BDP Poverty Group, October 2007.
Consultant for principle contributor to the UNDP-Bureau of Crisis Prevention and Recovery, Chapter 4 of Post-Conflict Economic Recovery, UNDP, New York, 2009.
Nora Lustig and Darryl McLeod (1997) “Minimum Wages and Poverty in Developing Countries: Some Empirical Evidence” in Edwards, Sebastian and Nora Lustig eds., Labor Markets in Latin America, Brookings Institution Press, Washington D.C. 1997
Social Innovation and Community development
Darryl McLeod (2005) “Turning Diversity to Advantage: Promoting Community Based Fair Trade and Entrepreneurship in Gillis, Nancy and Sean Southey (2005) A Community Dialogue for Meeting the Millennium Development Goals, Fordham University Press, New York.
Darryl McLeod (1976) Urban-Rural Food Alliances: A Perspective on Recent Community Food Organizing, in Richard Merrill, ed. Radical Agriculture (Chapter 12) Harper Collins,
Real Exchange Rates, Trade and Capital Flows
Darryl McLeod and William Gruben (2004) “Currency Competition and Inflation Convergence” paper Latin American Economic Association Meetings ,in San Jose Costa Rica, November 4-6.
“Choosing Among Rival Poverty Estimates: Some Tests for Latin America” presented at LACEA annual Meetings, Universidad de las Américas, Puebla (UDLAP),Mexico, October 2003
Darryl McLeod and William Gruben (2004) “The Openness-Inflation Puzzle Revisited”, Applied Economics Letters, 2004,11, 465-468 (lead article).
“Capital Account Liberalization and Inflation” Economic Letters,77, October 2002, 221-25.
“Capital Account Liberalization and Disinflation in the 1990s” coauthored paper presented at the 2000 Rio LACEA meetings and Center for Latin American Economics Working Paper #0104.
with Bill Gruben (1998) “Capital Flows, Savings and Growth in the 1990s” The Quarterly Review of Economics and Finance, Fall 1998, vol. 38, no. 3, pp. 287-302.
“The Costs and Benefits of Fixed Dollar Exchange Rates in Latin America” with John Welch Economic Review, Federal Reserve Bank of Dallas, 1st Quarter 1993.
“Capital Flight” entry in the Fortune Encyclopedia of Economics, Time Warner, NY, 1993 now available online as the Concise Encyclopedia of Economics.
with John Welch (1993) “Exchange Rate Uncertainty and Economic Growth in Latin America” Federal Reserve Bank of Dallas, Research Paper #9338 (coauthored with John Welch), March 1993.
with John Welch (1991) “Real Exchange Rates and Investment Booms in Latin America” in Proceedings of Federal Reserve Bank of Dallas North American Free Trade Conference July.
with Parantap Basu (1991) “Terms of Trade and Economic Growth in Developing Economies” Journal of Development Economics, Vol. 37, No. 1, November 1991, pp. 89-110.
Migration and Development
Juan Molina and Darryl McLeod, 2007 Remittances, Inequality and poverty Reduction in Latin America, presented at the Eastern Economic Association Meeting, February 24th, New York City.
with William Gruben (2006) “Apparel Exports and Education: How Developing Nations Encourage Women’s Schooling” Dallas Federal Reserve Bank Economic Letter, Vol. 1, No. 3 March.
“Apparel jobs for Women: Ladder up or poverty trap?” (2005) w/ Rosendo Ramirez, Maria Davalos & Bill Gruben, presented at LACEA/IDB/WB Network on Inequality and Poverty (NIP) México, UDLA Puebla July 8-9th 2005.
Theory: Resources, Trade and Debt
with Bill Gibson (1983) Non-produced means of production in Sraffa’s system: basics, non-basics and quasi-basics, Cambridge Journal of Economics
Vol. 7, No. 2 (June 1983), pp. 141-150 Oxford University Press