Peter Nunnenkamp is a senior economist at the Kiel Institute for the World Economy. He joined the development economics department of the Kiel Institute in 1978 and headed several research divisions, including ‘International Capital Flows’ until 2005, and ‘Global Division of Labor’ until 2009. Nunnenkamp is also a member of the research area ‘Poverty Reduction, Equity, and Development.’ His major research interests are: the determinants and effects of foreign direct investment; and the allocation and effectiveness of official as well as private aid. He has published several monographs and various articles in peer-reviewed journals, including Canadian Journal of Economics, Economic Inquiry, European Economic Review, World Bank Economic Review, and World Development.