Patrice M. Franko

Grossman Professor of Economics

Office: Diamond 374 [ campus map ]
Box 5234

Phone: 207-859-5234
Fax: 207-859-5229
Mailing Address:
5234 Mayflower Hill
Waterville, Maine 04901-8852
Office Hours:
M 2-4 W 1:30-2:30
Franko, Patrice M.


Ph.D., Notre Dame University
M.A., Notre Dame University
B.A., Bucknell University

Areas of Expertise

  • Latin American economics
  • Latin American military, security, and defense industries
  • Brazil
  • Economics of Globalization
  • Corporate Social Responsibility in Latin America

Courses Currently Teaching

CourseCourse Title
EC214 AEconomic Policy and Performance in Contemporary Latin America

Professional Information

Patrice Franko, a specialist in development economics in Latin America, came to Colby in 1986.� She teaches classes in the economics of globalization,contemporary economic development in Latin America, and in microeconomics principles.� She has been awarded a Fulbright Fellowship to Brazil (2012/2013), was a AAAS fellow in 1990 and a Pew Faculty fellow in 1992. She has been active as a consultant to Georgia Tech's Executive Masters in International Logistics, the Center for Hemispheric Defense Studies and the National Academy of Sciences.�

The fourth edition of her text book, The Puzzle of Latin American Economic Development, will be released in 2015. She is currently working on a a project on defense industrialization in Brazil and a new book for Rowman & Littlefield, the Economics of Globalization (with Stephen Stamos).� Patrice is married to Government Professor Sandy Maisel, and lives with their dog Rory (named after the golfer, McIlroy) on Great Pond in Rome.

Current Research

The Defense Trilemma: Tradeoffs in Defense Modernization in Latin America


Carlos Jose Albano Amarante and Patrice Franko, "Defense Transformation in Latin America: Will it transform the technological base?" Democracy and Security March 2017 DOI: 10.1080/17419166.2017.1290527
“"Hard to Pick Fruit: Transforming the Landscape of Poverty in Brazil," Chap. 13 in Latin America in the World, Edited by Daniel J. Greenberg, Routledge Press, 2017
“Brazil,” Chapter 16 in The Routledge Handbook of Global Economic Thought (editor: Vincent Barnett) NY: Routledge Press, 2015.
The Strategic Implications of FTAA2005 a look at the strategic
implications of the Free Trade for the Americas Area

The Puzzle of Latin American Economic Development 2nd edition
Franko provides the basic economic tools for understanding problems facing Latin America. She explores the contradictions of growth as it relates to overcoming problems of poverty, health and discrimination. By exploring the difficult choices facing Latin American leaders, Franko gives readers background to understand the puzzle of how to sustain healthy growth in this region. Published by Rowman &

The Brazilian Defense Industry

The ABCs of International Finance With S. Stamos and J. Pool

in addition
to a range of articles, principally on economics and security policy in Latin America.


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