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OAKLAND, Calif., Apr. 7 (AScribe Newswire) -- Following is a summary of news sources who are willing to discuss issues related to the Effects of War on the Economy. Each of these organizations issued news releases on the AScribe newswire. This summary of sources is provided by AScribe as a service for the media.
Alan Rugman / Indiana University, Bloomington
Rugman, professor of international business, can discuss the long-term economic effects of the U.S. decision to go to war in Iraq. He is one of the world's leading researchers in multinational business, and his research suggests an even greater need for tight regional security and coordination, particularly concerning energy resources. He expects that the war will place an even greater importance on the relationship the United States has with its neighboring countries, given that multinational politics at the U.N. has failed. He is the author of "The Oxford Handbook of International Business," "Multinationals as Flagship Firms" and "The End of Globalization." Contact Rugman at (o) 812-855-5417 or (h) 812-333-2782; rugman@indiana.edu.
Mahmood Zaidi / University of Minnesota
Zaidi, industrial relations professor, can discuss the impact of war on the national and state economies. "Whenever there is uncertainty in an economy like ours, we have people react to this uncertainty, whether they are consumers or investors, and that's what we have been experiencing," Zaidi says. "What makes things more difficult is that our economy was already slowing down." The impact the war will have on the economy depends on the length of the war and what happens postwar," Zaidi says. Contact Zaidi at (o) 612-625-0578. Alternate contact: Patty Mattern, UM News Service, 612-624-2801.
Philip T. Powell / Indiana University, Indianapolis
Powell, associate clinical professor of business economics and public policy in the Kelley School of Business, is available to talk about the economic impact of war. Contact Powell at (o) 317-274-8745 or (c) 317-727-3330; phpowell@indiana.edu.
James Bradfield / Hamilton College
Bradfield, an economist, is the author of the forthcoming book "Introduction to the Economics of Financial Markets," and teaches topics including the psychology of financial markets, microeconomics and capital markets. He says the economic consequences of a war with Iraq probably won't be that great, but there will be some "nasty social consequences." "The last time we saw war beget inflation was in the Vietnam war, which absorbed a very large portion of the gross domestic product," he said "I doubt that will occur this time for several reasons: 1) inflation is already very low, and 2) the electorate . . . established clearly that we're not willing to tolerate much inflation." Contact Bradfield at (o) 315-859-4118; jbradfie@hamilton.edu.
George Horwich / Purdue University
Horwich, emeritus professor of economics, says war with Iraq, far from dragging down the U.S. economy, could actually have a stimulative effect. "There is excess industrial capacity that will come into use that will help the economy," Horwich says. "This excess capacity can create jobs because it does not take away from other sectors of the economy." He is worried neither about the cost of the conflict in Iraq nor the consequences on the world oil market. "No one knows what the cost of the war will be . . . but $200 billion is very little in a $10.5 trillion economy." Contact Horwich at 765-494-4443; ghorwich@purdue.edu.
Glenn MacDonald / Washington University, Saint Louis
MacDonald, professor of economics, is director of the university's Center for Research in Economics and Strategy. He is an expert on industry dynamics, the evolution of organizations, industrial organization, research and development, technological change, economic growth and fluctuations, and applications of game theory. He can comment on the impact of the war on the economy, technology, research and development, and industrial organization. Contact MacDonald at (o) 314-935-7768; macdonald@olin.wustl.edu.
Richard A. Feinberg / Purdue University
Feinberg, professor of consumer sciences and retailing, is director of the university's Retail Institute. He says the sagging economy could get a lift from consumers if the military effort goes well. "The uncertainty about the war in Iraq has lowered consumer confidence and has hurt the stock market. . . . Rising gasoline prices have hurt consumer discretionary retail and restaurant spending and have a direct effect on the number of trips consumers make to malls and stores." The consumer has been in a rut, he says. "Success in Iraq may be just the medicine consumers and retailers are looking for - at least in the short term." Contact Feinberg at (o) 765-491-5583; xdj@purdue.edu.
Patrick Welch / Saint Louis University
Welch, professor of economics can discuss what impact the war will have on the recession as well as general economic effects. Contact Jeff Fowler, USL new office, at 314-977-2540.
Beth Ingram / University of Iowa
Ingram, professor of economics, can answer questions about the impact of military spending on the economy and the impact of uncertainty on economic decision-making. Contact Ingram at (o) 319-335-0897; beth-ingram@uiowa.edu.
Amanda Nicholson / Syracuse University
Nicholson is assistant director, retail management / consumer studies. "With regard to household spending patterns, the price of gas at the pump may well be a pivotal factor in the near future. The combination of rising oil prices coupled with a possible prolonged military conflict will lead to the re-allocation of household budgets. If this occurs, general merchandise sales at retail may be negatively affected to a greater degree than is already being experienced." Contact Nicholson at (o) 315-443-3784. Alternate contact: SUNews@syr.edu.
Terry Roe / University of Minnesota
Roe, professor of applied economics, is director of the Center for Political Economy and co-director of the Economic Development Center. He studies economic growth, development and trade with an emphasis on agriculture. He says the two factors to watch are interest rates and inflation. The major macroeconomic concern is with the U.S. trade deficit and budget deficit. As they rise, it puts pressure on the dollar to devalue. As we try to meet our domestic payments, that could increase interest rates. Contact Roe at (o) 612-625-6706 or (h) 763-434-8831. Alternate contact: Deane Morrison, News Service, 612-624-2346.
James F. Smith / University of North Carolina Kenan-Flagler Business School
Smith, economist and finance professor, is director of the university's Center for Business Forecasting. He has been consistently named among The Wall Street Journal's most accurate forecasters. Smith currently co-chairs the European Council of Economists and serves as chief economist for The Society of Industrial and Office Realtors. Contact Smith at (o) 919-968-9995 or (c) 919-593-0308; smith.jf@mindspring.com.
Lisa Grobar / California State University, Los Angeles
Grobar, professor of economics, has specialized in international trade and finance and regional economic analysis. She can speak to the potential impact of the war on the regional and national economy. Contact Grobar at (o) 562-985-1652 or (h) 818-248-1193.
Muhammad Islam / Saint Louis University
Muhammad Islam, professor of economics,can discuss the effects of war on the economy, fuel prices and the budget deficit. Islam has researched and written about the economics of war. Contact Jeff Fowler, SLU News Office, 314-977-2540.
Martin C. McGuire / University of California, Irvine
McGuire, can discuss the impact of war on the international economy. He has served as a consultant to the Office of the Secretary of Defense, where he focused on the Israeli economy, among other issues, and the U.S. Nuclear Regulatory Commission, where he consulted on nuclear safety. As the UCI Heinz Chair of Economics, Global Peace and Security, McGuire specializes in conflict resolution, international trade, peace and security, and the political economy of international conflict, economic development and strategic competition. Contact McGuire at (o) 949-824-6190; mcmcguir@uci.edu.
Arvind Panagariya / University of Maryland
Panagariya is a professor of economics and an expert in international trade. He co-director of the university's Center for International Economics and has had extensive experience working for international financial institutions Contact: Panagariya at (o) 301-405-3546 or (h) 301-767-1950; panagari@econ.umd.edu.
Arnold Heggestad / University of Florida
Heggestad, finance professor and director of UF's Center for Entrepreneurship and Innovation, can discuss the effects a war with Iraq likely would have on consumer confidence, entrepreneurial companies, venture capital and the U.S. economy in general. Contact Heggestad at (o) 352-392-2610, arnie@ufl.edu.
Peter Morici / University of Maryland
Morici, an economist and professor of international business, is an expert in international economics and domestic macroeconomic policy. He is former director of economics for the U.S. International Trade Commission and adjunct senior fellow for the Economic Strategy Institute. Contact Morici at (o) 301-405-2136 or (h) 703-549-4338; pmorici@rhsmith.umd.edu.
Don Roper / University of Colorado, Boulder
Roper, professor of economics, can address the economic effects of a war with Iraq on the U.S. and global economy. A former economist in the Division of International Finance of the Federal Reserve Board and an expert in monetary policy and debt, Roper believes the substantial cost of a war added to an increasing federal deficit could lead to a serious decline in U.S. credit markets. He also is concerned that fallout from a war could lead some countries with heavy debt, especially Muslim nations like Indonesia and Pakistan, into arrears and exacerbate the near-global debt crisis. Contact Roper at 303-443-1077.
John Graham / University of California, Irvine
Graham, a professor of marketing. can comment on the relationship between trade and peace. An expert on international business, he says that global commerce thrives during peacetime, as evidenced by the economic boom in North America during the late 1990s when the Cold War ended and formerly Communist countries opened to the world trading system. Moreover, trade and international marketing play a key role in actually producing peace, he says. Contact Graham at 949-824-8468; jgraham@uci.edu. Or contact Linda McCrerey at UCI media relation, 949-824-6286.
Doug Breeden / Duke University
Breeden is dean of the Fuqua School of Business at Duke. He can address the effects of war in Iraq on the worldwide economy. Contact Keith Lawrence, Duke News Service, at (o) 919-681-8059; keith.lawrence@duke.edu.
Leamer, a professor of business economics and director of the UCLA Anderson Forecast, can address the potential financial and economic impacts of a war. He has expertise in national and international economic areas, including the IMF, employment, capital markets, interest rates, monetary policy, NAFTA, the consumer price index and other areas. Contact Leamer at (o) 310-206-1452.
Charlie Haase / San Francisco State University
Haase, assistant professor of economics, can provide analysis on how war with Iraq could affect the economy and business cycles. He is also an expert on money and the banking system. Contact Haase at (o) 415-338-3026; haase@sfsu.edu
Campbell Harvey / Duke University
Harvey, a professor of international finance at the Fuqua School of Business, has been analyzing, teaching and consulting on global risk management for more than a decade. He is co-author of "Country Risk in Global Financial Management." Contact Harvey at (o) 919-660-7768 or 919-271-8156; cam.harvey@duke.edu.
Betty Blecha / San Francisco State University
Blecha, professor of economics, is an authority on the workings of the U.S. economy. Blecha also can discuss how war with Iraq could affect current economic conditions in the United States and throughout the world. Contact Blecha at (o) 415-338-7516 or (h) 650-583-5339; bjblecha@sfsu.edu
Robert O. Keohane / Duke University
Keohane, a political science professor and a leading international relations scholar, specializes in global economic policy. He is the author of "After Hegemony: Cooperation and Discord in the World Political Economy." Past president of the American Political Science Association. Contact Keohane at (o) 919-660-4322; rkeohane@acpub.duke.edu
Jack Powelson / University of Colorado, Boulder
Powelson, professor emeritus of economics, specializes in economic history. He can talk about peripheral costs generated by war, including ill will generated among nations, the cost of property and environmental damage and the impact on the economy. Contact Powelson at 303-443-1077.