Whitworth Communications

For Immediate Release

April 21, 2006

Whitworth Economics Professor Selected as Fulbright Scholar Grantee
to East Timor

Whitworth Professor of Economics Richard Schatz, who for nearly 20 years worked on agricultural development in Southeast Asia, will return to the region next year as a Fulbright scholar grantee. Schatz, who is chair of the Whitworth Economics and Business Department, was recently selected as a grant recipient by the J. William Fulbright Foreign Scholarship Board.

The grant provides a stipend for Schatz to live, teach and study in East Timor from January through June 2007. Schatz has been assigned to the National University of Timor Leste, where he will lecture on economic development and international trade and finance. He will also conduct research on the effects of foreign-aid financed rural-development projects in East Timor, focusing on whether rural-development projects funded by the World Bank and the Asian Development Bank have had significant positive influences on rural people.

At Whitworth, Schatz specializes in teaching courses in international trade, international finance and economic development of the Third World. Schatz joined the Whitworth faculty in 1989 after a 20-year career in business, most of which he spent in Southeast Asia.

"Getting back to Southeast Asia, a part of the world where I lived and worked for many years, will be a wonderful refresher for me and will help me update my teaching in economic development and international trade," Schatz says.

Schatz holds a doctorate degree and master of arts degree in economics from the University of Hawaii, where he was an East-West Center Scholar. He completed his graduate work after spending three years as a Peace Corps volunteer in Sarawak, Malaysia.

Following his graduate studies, Schatz was a Rockefeller Foundation visiting lecturer at Thammasaat University, in Bangkok, Thailand; he then served as a senior project economist at the Asian Development Bank, in the Philippines.

In 1979, Schatz joined a Hawaii-based consulting and investing firm, where he specialized in private and public sector agricultural development in South and Southeast Asia. During that time he worked in the Philippines, Indonesia, Burma, Pakistan, Bangladesh, and a number of other developing Asian and Pacific Island countries.

"East Timor was a part of Indonesia until its independence in 2002; while I haven't been there, I loved my time in Indonesia and I am anxious to return to this part of the world," Schatz says. "My Fulbright work in East Timor will continue my long involvement in rural development in Asia."

Since joining Whitworth, Schatz has continued his consulting work in development economics, including assignments in Pakistan, Thailand, Bangladesh and the Philippines, in 1995 and 1996. In addition to his continuing interest in third-world development, Schatz consults for area firms, frequently testifying in legal suits as an expert witness on economic evaluation of losses.

Fulbright grants are made to U.S. citizens and nationals of other countries for a variety of educational activities, primarily university lecturing, advanced research, graduate study and teaching in elementary and secondary schools. Since the program's inception, more than 250,000 participants - chosen for their leadership potential - have had the opportunity to observe each other's political, economic and cultural institutions.

More than 150 countries currently participate in the Fulbright Program. Fulbright scholars are selected by the Foreign Scholarship Board, a 12-member board appointed by the U.S. president and overseen by the Bureau of Educational and Cultural Affairs of the United States Department of State. Many of the 273,500 Fulbright alumni have become heads of state, judges, ambassadors, cabinet members, CEOs, university presidents, journalists, artists, professors and teachers. Thirty-five alumni have been awarded Nobel Prizes.

Located in Spokane, Wash., Whitworth is a private, liberal arts college affiliated with the Presbyterian Church (USA). The college enrolls 2,400 students in more than 50 undergraduate and graduate programs.

Contacts:

Richard Schatz, professor of economics and business and department chair, Whitworth College, (509) 777-4454 or rschatz@whitworth.edu.

Julie Riddle, public information officer, Whitworth College, (509) 777-3729 or jriddle@whitworth.edu.

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