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Institute for International Business


Bernardo Blum

Associate Professor of Economic Analysis and Policy

Director, Institute for International Business

Bernardo Blum is an Associate Professor of Economic Analysis and Policy and Director IIB at Rotman. He teaches an MBA course in International Economics. Bernardo’s research falls into three broad areas: international trade, where his work examines the determinants of international trade patterns and the economic institutions that facilitate trade; urban economics, where his work examines the impact of urban agglomeration on the productivities of, and so returns to, different kinds of skills; and the determinants of income inequality.

P: 416-946-5654  E: Bernardo.Blum@Rotman.Utoronto.Ca 


Wendy Dobson

Professor Emerita of Economic Analysis and Policy

Senior Fellow and Program Head: Trade, FDI and the Changing World Economy

Wendy Dobson joined the Rotman School in 1990. Prior to that she was Associate Deputy Minister of Finance in Ottawa and President of the C.D. Howe Institute, Canada’s leading independent economic policy research organization. She teaches courses in open economy macroeconomics and international business. She is a non-executive director of Canadian companies in finance, energy and life sciences and is Vice-Chair of the Canadian Public Accountability Board.

Professor Dobson’s current research focuses on emerging market economies, economic integration in North America, the international financial system, regional and global governance, and Canadian public policy issues. Her latest publications include "Gravity Shift: How Asia's New Economic Powerhouses will Shape the Twenty-First Century" (2009) “China’s Economic Transformation: Global and Canadian Implications” (2006) and “The Indian Elephant Sheds its Past: The Implications for Canada” (2006)She is coeditor of Governance, Multinationals and Growth (2005) and East Asia in Transition: Economic and Security Challenges. (2002).

Professor Dobson is a member of the Advisory Committee of the Institute of International Economics and the Canada Institute at the Woodrow Wilson International Center. She is also a member of a number of international networks, including the Pacific Trade and Development network (PAFTAD).

P: (416) 978-7792    E:


Ig Horstman

Professor of Economics

Senior Fellow and Program Head: Competition and Competition Policy

Ignatius J. Horstmann is a Professor of Economics at The Rotman School of Management. He earned a BA from St. Joseph's University and a PhD from Boston College. He has taught at The University of Western Ontario and Boston College.

Professor Horstman's teaching and research interests are in the area of game theory as it applies to economic issues. His current research focuses on three areas: the organization of the firm, advertising and bargaining/negotiations. Some of most recent publications are: "Advertising Spending and Quality for Services: The Road of Capacity," "Does Advertising Signal Product Quality: Evidence from the Market for Compact Disc Players," and "The Game of Negotiations: Ordering Issues and Implementing Agreeements." Forthcoming in the Review of International Economics is "Issue Linking in Trade Negotiations: Ricardo Revisited or No Pain No Gain."

P: (416) 978-1888   E:


Walid Hejazi

Associate Professor of Economic Analysis and Policy

Research Fellow and Coordinator of Outreach, Institute for International Business

Walid Hejazi is an Associate Professor of Economic Analysis and Policy, and Academic Director, at the Rotman School of Management. He has researched, advised, and testified extensively on global competitiveness, and is currently working on a series of studies which shed light on the competitiveness and productivity of Canadian firms. He teaches Macro and Global Economics in Rotman’s MBA and EMBA programs, and has also delivered lectures in over 30 countries. Walid has also developed and teaches a successful MBA course in Islamic Finance, the first such course in Canada. He is extensively involved in enhancing the prevalence of Islamic Finance in Canada. He is currently writing a book on Islamic project finance, and has several ongoing research projects in the area.

P: 416-946-7557  E: 


Audrey Lake, Administrative Coordinator

P: 416-978-5781   E:


Policy and Economic Analysis Program


Peter Dungan


Peter Dungan is an Associate Professor Emeritus of Economic Analysis and Policy, with cross-appointments at the Department of Economics and the School of Public Policy and Governance. He is also the Director of Rotman’s Policy and Economic Analysis Program. His research concentration is on computer simulation models of the Canadian and Ontario economies. They also form the backbone of an ongoing program developing both short-term and long-term economic forecasts for Canada and Ontario.

P: 416-978-4182  E:


Steve Murphy, Research Associate

P: 416-978-6652  E:


Project LINK


Peter Pauly


Peter Pauly is a Professor Emeritus of Economics and a Research Associate at the Institute for International Business. Peter's research is in the areas of econometrics, macroeconomics, and international economics, with a focus on model-based forecasting techniques and national and global economic modeling. He is co-editor of Economic Modelling and a past editor of the Journal of Forecasting. He is a policy advisor to many national and international organizations.

P: 416-978-4331  E: 


Erin Bell, Secretary

P: 416-978-5353  E: