Emerging Markets | Developing Economies

Jendayi Frazer

Peter J. and Frances Duignan Distinguished Visiting Fellow

Jendayi E. Frazer is the Peter J. and Frances Duignan Distinguished Visiting Fellow at the Hoover Institution, Stanford University. Previously she served as the US assistant secretary of state for African affairs from 2005 to 2009. She was special assistant to the president and senior director for African affairs at the National Security Council from 2001 until her swearing-in as the first woman US ambassador to South Africa, in 2004. She previously served in government from 1998 to 1999 as a Council on Foreign Relations International Affairs Fellow, first at the Pentagon as a political-military planner with the Joint Chiefs of Staff, working on West Africa during Nigeria’s transition to civilian rule, and then as director for African affairs at the National Security Council, working on Central and East Africa.

Frazer is an adjunct senior fellow for Africa studies at the Council on Foreign Relations.  She was a Distinguished Public Service Professor at Carnegie Mellon University from 2009 to 2014, where she was on the faculty of Heinz College’s School of Public Policy and Management. She was also an assistant professor at Harvard University and the University of Denver. Her research focuses on strengthening regional security cooperation and economic and political integration in Africa. Author of and contributor to a number of articles, journals, and books, she is the coeditor of Preventing Electoral Violence in Africa (2011).

Frazer received her BA in political science (with honors) and in African and Afro-American studies (with distinction), MAs in international policy studies and international development education, and a PhD in political science, all from Stanford University.

Peter Blair Henry

Class of 1984 Senior Fellow

Peter Blair Henry is the Class of 1984 Senior Fellow at Stanford University’s Hoover Institution and is also a founding member of the Hoover Program on the Foundations for Economic Prosperity. He is a senior fellow at Stanford’s Freeman Spogli Institute for International Studies, and dean emeritus of New York University’s Leonard N. Stern School of Business. The youngest person ever named to the Stern Deanship, Peter served as dean from January 2010 through December 2017 and doubled the school’s average annual fundraising. Henry is the former Konosuke Matsushita Professor of International Economics at the Stanford Graduate School of Business (2001–6), where his research was funded by a National Science Foundation CAREER Award, and he has authored numerous peer-reviewed articles in the flagship journals of economics and finance, as well as a book on global economic policy, Turnaround: Third World Lessons for First World Growth (Basic Books).

A vice chair of the boards of the National Bureau of Economic Research and the Economic Club of New York, Henry also serves on the boards of Citigroup and Nike. In 2015, he received the Foreign Policy Association Medal, the highest honor bestowed by the organization, and in 2016 he was honored as one of the Carnegie Foundation’s Great Immigrants.

With financial support from the Hoover Institution and the Alfred P. Sloan Foundation, Henry leads the PhD Excellence Initiative, a predoctoral fellowship program in economics that identifies high-achieving students with the deepest commitment to economic research and prepares them for the rigors of pursuing a PhD in the field. For his leadership of the PhD Excellence Initiative, Peter received the 2022 Impactful Mentoring Award from the American Economic Association.

Henry received his PhD in economics from MIT and bachelor’s degrees from Oxford University, where he was a Rhodes Scholar, and the University of North Carolina at Chapel Hill, where he was a Morehead-Cain Scholar, a member of Phi Beta Kappa, a reserve wide receiver on the football team, and a finalist in the 1991 campuswide slam dunk competition.

Born in Kingston, Jamaica, in 1969, Henry became a US citizen in 1986. He lives in Stanford and Düsseldorf with his wife and four sons.

Emmanuel Balogun

Visiting Fellow

Emmanuel Balogun, PhD, is a visiting fellow at the Hoover Institution and associate professor of political science at Skidmore College. His research focuses on multilateral reform, economic development, and African peace and security. He is the author of the book Region-Building in West Africa: Convergence and Agency in ECOWAS [the Economic Community of West African States].

As a scholar-practitioner and thought leader, Balogun brings his research interests of international organizations, peace and security, and global health governance to the policy world. He previously served as a policy advisor in the US Department of State’s Bureau of African Affairs. He is currently a fellow with Good Authority, a media outlet focused on bringing political science research to a broader audience. He was formerly an international affairs fellow at the Council on Foreign Relations and a fellow for Bridging the Gap, which promotes scholarly contributions to public debate and decision making on global challenges and US foreign policy.

Balogun was the principal investigator for the Fulbright-Hays Group Projects Abroad program grant to help build education partnerships between the United States and Ghana. He previously taught at Georgetown University and Webster University. He serves on the board of trustees at New England College and is a term member at the Council on Foreign Relations.

Balogun regularly consults on global health, peace and security, and government-business relations in Africa. He has published several peer-reviewed articles and presented his research internationally. He frequently appears in outlets such as the Washington Post, BBC, Al Jazeera, and Ufahamu Africa.

Anusha Chari

Visiting Fellow

Anusha Chari is a Professor of Economics and Finance at the University of North Carolina at Chapel Hill.  She is also a Research Associate in the National Bureau of Economic Research’s International Finance and Macroeconomics Program, a CEPR research fellow, a senior research fellow at the Kenan Institute of Private Enterprise, and a visiting fellow at The Hoover Institution at Stanford University. She is an associate editor at the Journal of Economic Perspectives and the Journal of International Economics.

In 2024, she served on the President's Council of Economic Advisers. Between 2022-2024, she served as Chair of the American Economic Association's Committee on the Status of Women in the Economics Profession (CSWEP) and as associate chair for mentoring between 2021-2022. 

​She holds a Ph.D. in International Finance from the Anderson School at UCLA and a BA in Philosophy, Politics, and Economics from Balliol College at Oxford and Economics at the University of Delhi. She received a Radhakrishnan scholarship for study at Oxford and a University of California Office of the President Dissertation Fellowship.
 
Professor Chari has served on the faculties of the University of Chicago's Booth School of Business, the economics department at Harvard University, the University of Michigan, and The Haas School of Business at Berkeley. She was the Inaugural Director of the Modern Indian Studies Initiative at the University of North Carolina at Chapel Hill. She was a research associate at the Swiss Institute of Banking and Finance at St. Gallen, Switzerland, and a summer intern at the International Monetary Fund.

She was a special advisor to the Indian Prime Minister’s Economic Advisory Council and a member of an Advisory Group of Eminent Persons on G20 Issues. Her research is in the fields of open-economy macroeconomics and international finance.

​Professor Chari is the author of multiple articles published in leading academic journals such as the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, American Economic Journal-Macroeconomics, and Journal of International Economics. She teaches courses on Multinational Financial Management, International Financial Markets, and Open-Economy Macroeconomics in the MBA, BBSA, and Ph.D. programs at UNC.

Sanjeev Khagram

Distinguished Visiting Fellow

Dr. Sanjeev Khagram is a distinguished visiting fellow at the Hoover Institution in its Emerging Markets Working Group, where he leads the Global Resilience Index Platform and Partnership (GRIPP). Khagram was previously CEO, director-general, and dean (2018–24) and is currently Foundation Professor of Global Leadership and Global Futures at the Thunderbird School of Global Management, Arizona State University.

Khagram is a world-renowned leader, entrepreneur, scholar and professor across the academic, private, public and civic sectors. He has published widely, with books including the award-winning Dams and Development (Cornell University Press); The Transnational Studies Reader (Routledge Press); and Open Budgets (Brookings Press). His journal articles include "Inequality and Corruption" in the American Journal of Sociology; "Future Architectures of Global Governance" in Global Governance, “Environment and Security" in the Annual Review of Environment and Resources, “Towards a Platinum Standard for Evidence-Based Assessment” in Public Administration Review, “Social Balance Sheets” in Harvard Business Review, and “From Human Security and the Environment to Sustainable Security and Development,” in the Journal of Human Development.

Khagram was previously the inaugural John Parke Young Professor of Global Political Economy at Occidental College, Wyss Scholar at the Harvard Business School, Lindenberg Professor and founding director of the Lindenberg Center for International Development at the University of Washington, visiting professor at the Stanford Institute of International Studies, and associate professor at Harvard’s Kennedy School of Government.

He has worked extensively in global leadership roles across government, business, and civil society from the local to the international levels. He has also established and led a range of global multistakeholder initiatives over the last three decades, including the Global Carbon Removal Partnership, the Global Partnership for Sustainable Development Data, and the Global Initiative for Fiscal Transparency. His global governance leadership began when he was the senior director for policy and strategy at the cross-sectoral World Commission on Dams, authoring its widely acclaimed final report.

Khagram was selected a Young Global Leader at the World Economic Forum and was a senior advisor to UN Secretary General Ban Ki-moon, authoring his “First Report on the Impacts of the Global Economic Crisis on the Poor and Vulnerable,” which led to the formation of UN Global Pulse. He was dean of the Desmond Tutu Peace Centre and founded and led Innovations for Scaling Impact, a global technology enterprise solutions network.

Khagram was born in Jinja, Uganda, as a fourth-generation East African Indian. He and his family were expelled by Idi Amin and spent several years in refugee camps before being provided asylum in the United States in the 1970s. He has lived and worked across all regions of the world, and travelled to more than 140 countries.

Yanru Lee

Research Fellow

Yanru Lee is a research fellow at the Hoover Institution and a consultant at the World Bank. His research is in the field of international corporate finance and financial risk. Previously, Lee was an academic visitor and PhD intern at the National University of Singapore Credit Research Initiative (NUS CRI) and the Bank of England.

Lee’s research studies corporate vulnerability to global factors, systemic risk, and the asset pricing implications of corporate debt distress. His recent work focuses on using unstructured data to assess corporate debt distress risk.

At NUS CRI, he contributed to developing a global database for corporate credit risk assessment, utilizing unstructured data methodologies and defining a comprehensive dictionary of corporate financial distress. The objective was to provide credit risk assessment for public listed firms worldwide as a global public good. At the Bank of England, his work focused on financial and systemic risk arising from non-bank financial intermediaries, studying the impact of financial shocks on the non-bank sectors and their broader economic implications.

Lee received his PhD in economics from the University of North Carolina at Chapel Hill, an MSc in statistics, and a BSocSci in economics from the National University of Singapore.