ACADEMIC AREA Global Economies and Markets AREAS OF EXPERTISE International Trade and Investment, Trade Policy, Multinationals, Global Economics of Water, Water Markets BiographyPublicationsCoursesCase Studies Education: B.A., KUL, Belgium; MA, Ph.D., University of Michigan, Ann ArborProfessor Peter Debaere is faculty leader for the MBA for Executives. In addition to teaching the core Global Economies and Markets (GEM) course, he developed and teaches "Global Economics of Water" and "Managing International Trade and Investment," two second-year electives. Debaere has received a multiyear outstanding teacher award for being consistently in the top 10% at Darden.Debaere is an international economist, with a focus on international trade, multinationals, and trade policy. He is also a water expert. In recent years, his research has studied the economics of water especially in a global context: To what extent does water scarcity determine what countries produce and trade? What explains the remarkable pattern of water use in the United States, and is the U.S. experience replicable abroad? How can water markets work as a tool in the fight against water scarcity? With a Rockefeller Grant, Debaere currently investigates together with The Nature Conservancy the use of water markets for environmental purposes in the United States, Chile, and Mexico. Many of his articles have been discussed in textbooks and graduate courses. At Darden and UVA Debaere leads the Global Water Initiative that brings together scholars from across UVA to do research, teach and give policy advice about the water challenges that we face. Debaere's papers have been published in top general interest and field journals such as Journal of Political Economy, American Economic Journal: Applied, the Journal of International Economics, and the Journal of Development Economics, as well as policy-oriented journals such as Water Policy.A native of Belgium, Debaere has held other positions worldwide. Before joining Darden, Debaere was on the faculty of the Economics Department at the University of Texas, Austin. He also had a stint at the International Monetary Fund, and the Institute for the German Economy in Germany. In 2012, Debaere taught at the Haas Business School while visiting UC Berkeley. He also visited the Kiel Institute for the World Economy in Germany and the Leverhulme Centre for Research on Globalisation in the United Kingdom. At the University of Virginia, Debaere has co-organized the World Water Day symposia. He is also affiliated with Darden's Institute for Business in Society and the university's Economics department, and is on the advisory board of the Center for German Studies, where he takes a keen interest in transatlantic environmental questions.Working PapersPeter Debaere, Tianshu Li, "The Effects of Water Markets: Evidence from the Rio Grande" (with Tianshu Li) Working paper, 2016. Peter Debaere, Toni Glaser, Gerald Willmann, "Choosing between Protectionism and Free Trade in an Uncertain World," Working paper, 2016.Peter Debaere, Richard Evans, "Outsourcing vs. Integration in the Mutual Fund Industry: The Puzzle of Low Returns" Working Paper, 2015.Publications & Book ChaptersPeter Debaere, Amanda Kuerzendoerfer, "Decomposing U.S Water Withdrawal since 1950 (with Amanda Kuerzendoerfer)," Journal of the Association of Environmental and Resource Economists (JAERE). forthcoming.Peter Debaere and Amanda Kurzendoerfer, The Remarkable pattern of US water use, 2015, CEPR Vox, May 15.Peter Debaere, Brian Richter, Kyle Davis, Melissa Duvall, Jessica Gephart, Clark O'Bannon, Carolyn Pelnik, Emily Maynard Powell, and Ty Smith "Water Markets as a Response to Scarcity", Water Policy, 2014.Peter Debaere, "The Global Economics of Water: Is Water a Source of Comparative Advantage?" American Economic Journal: Applied Economic, Vol 6, No 2 (April 2014).Peter Debaere, Holger Gorg, and Horst Raff. "Greasing the Wheels of International Commerce: Market Thickness vs. International Offshoring," Canadian Journal of Economics, 2013.Peter Debaere, "International Trade and the Environment: Does Globalization Create Havens of Pollution?" for Achilles, Manuela (ed.), Sustainability in Transatlantic Perspective: A Multidiscplinary Approach. Energy, Climate and the Environment. Sept 2013.Peter Debaere, Hongshik Lee, and Joon Lee. "Language, Ethnicity and Intra Firm Trade," Journal of Development Economic, Vol. 103 (2013): 244-253.Peter Debaere, "What Determines the Extensive Margin of International Trade?" in Quantitative Analysis of Newly Evolving Patterns of International Trade: Fragmentation; Offshoring of Activities; and Vertical Intra-Industry Trade, Robert M. Stern (Editor), World Scientific Studies in International Economics, 2012.Peter Debaere, "Using Water Resources Efficiently on a Global Scale," Vox, CEPR, (22 Aug 2012). Peter Debaere and Shalah Mostashari. "Do Tariffs Matter for the Extensive Margin of Trade? An Empirical Analysis," Journal of International Economics, Vol. 81, No. 2, July 2010, 353-374. Peter Debaere, Hongshik Lee and Joonhyung Lee. "It Matters Where You Go: Outward Foreign Direct Investment and Multinational Employment Growth at Home," Journal of Development Economics, Vol. 91, No. 2, March 2010, 301-309.Peter Debaere,"Small Fish-Big Issues. The Effect of Trade Policy on the Global Shrimp Market," World Trade Review, Vol. 9, No. 2, April 2010, 353-375. Peter Debaere, Joonhyung Lee, and Myungho Paik. "Agglomeration, Backward and Forward Linkages: Evidence from South Korean Investment in China," The Canadian Journal of Economics, Vol. 43, No. 2, May 2010, 520-546. Peter Debaere, Joonhyung Lee, Myungho Paik, Clustering together abroad: South Korean multinationals in China, CEPR Vox (3 June 2009). Peter Debaere and Ufuk Demiroglu. "International Saving, Investment and Trade," Open Economies Review, Vol. 19, No. 5, November 2008, 613-627.Peter Debaere, Joonhyung Lee, Hongshik Lee, Venturing abroad at the cost of domestic employment, CEPR Vox ( 24 Dec 2008). Peter Debaere and Ufuk Demirogul, "Factor Accumulation without Diminishing Returns," (with Ufuk Demiroglu), Review of International Economics, 2006, vol. 14,1, p. 16-29.Peter Debaere,"Monopolistic Competition and Trade, Revisited: Testing the Model without Testing for Gravity," Journal of International Economics, 2005,vol. 66, 1, p. 249-266.Peter Debaere, "Does Lumpiness Matter in an Open Economy?," Journal of International Economics, 2004, vol 64, 2, p. 485-501.Peter Debaere,"Relative Factor Abundance and Trade," Journal of Political Economy, 2003, vol. 111 , p. 589 -610.Peter Debaere and Ufuk Demiroglu, "On the Similarity of Country Endowments and Factor Price Equalization for the Developed Countries," Journal of International Economics, 2003, vol, 59, 1, p. 101-136 .H. Davodi, B. Clements, J. Schiff, Peter Debaere, "Military Spending, the Peace Dividend and Fiscal Adjustment," IMF Staff Papers, 2001, vol.48,2, p.290-316.Reports"Water Stewardship for Sustainable Prosperity," The Nature Conservancy, (with Nathan Karres and Kari Vigerstol), 2015."Community Water Trusts: A Global Initiative to Address Water Scarcity, Report for Rockefeller Foundation, (with Nature Conservancy Team), 2015.MBA CoursesFirst Year Global Economies and Markets Global Economics of Water Managing International Trade and InvestmentAdvancing knowledge through research that shapes business, Darden professors are recognized thought leaders in their fields. They are not only master case method teachers, they also author many of the cases used in Darden classrooms and around the world.Peter Debaere's cases are available in the Darden Business Publishing website.