Patrice M. Franko

Grossman Professor of Economics; Director of Global Studies Program

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
EC133 EPrinciples of Microeconomics
EC214 AEconomic Policy and Performance in Contemporary Latin America
GS121 ACosta Rica: Language and Engaged Learning

Professional Information

Patrice M. Franko is the Grossman Professor of Economics and Professor of Global Studies at Colby College in Waterville, Maine, where she teaches international economics, Latin American economic policy, and microeconomics and recently directed the Goldfarb Center of Public Affairs. She was a Fulbright Fellow in Brazil, a Pew Faculty Fellow in International Affairs, and an American Association for the Advancement of Science Fellow in International Security Affairs. She lectured for EMIL, the executive master’s program in logistics at Georgia Tech, was a consultant for the Office of Inter-American Affairs in the Department of Defense, for the Center for Hemispheric Defense Studies and for the Office of International Affairs at the National Academy of Sciences. She holds a PhD from the University of Notre Dame, and her publications include: The Puzzle of Latin American Economic Development 4th edition, (Rowman & Littlefield, 2018). Defense Industrialization in Latin America (with Monica Herz), Comparative Strategy, Vol 37 (4) 2018. “Latin American Lessons from the Global Financial Crisis,” invited review essay for the Latin American Research Review, March 2019. The Puzzle of 21st Century Globalization: An Economics Primer (with Steve Stamos) (Lanham, MD: Rowman & Littlefield Publishers, 2017). “"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. Latin America Defense Modernization: Will it transform the technological base?" (with Jose Albano Amarante) Democracy and Security, March 2017 DOI: 10.1080/17419166.2017.1290527 The Defense Acquisition Trilemma: The Case of Brazil (INSS Strategic Forum 2014). . Patrice is currently working on a project on technology cooperation and defense industrial transformation in Latin America (with Monica Herz), assessing regional capacities to contribute to environmental security. Her new work pivots from defense to look at the ways the private sector might contribute to addressing social and environmental deficits in Latin America; the first essay will compare private sector engagement in Peru, Colombia and Brazil. On sabbatical in 2020 split between California and Washington, DC, she lives on Great Pond in Rome, Maine with her husband Sandy Maisel and their enormous golden retriever Rory.

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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