Senior Fellow, Foreign Policy Research Institute

Research Interests

Political economy of Iraq
Chinese capital flight
Economic development during conflict


Professor Gunter has received four major awards for excellence in teaching including the 2016 Richard and Christine Staub Award. His service course is Eco 1, Principles of Economics. He also teaches Economic Development, Economic Development of China, and Political-Economy of Iraq.  


Professor Gunter is the author of The Political Economy of Iraq: Restoring Balance in a Post-Conflict Society (Edward Elgar Publishing, 2013), which was selected by Choice magazine as an “outstanding academic title” of the year. The Arabic version, translated by Mohaned al Hamdi Ph.D., was published in Iraq in 2015. Other research efforts include the economics of entrepreneurship, corruption, Chinese capital flight, and economic development during conflict. His research perspective is pragmatic and most of his work combines quantitative and qualitative analysis.  


He was the Senior Civilian Economics Advisor for Multi-National Corps – Iraq at Camp Victory, Iraq (July 2008 – July 2009). He was responsible for briefing the Commanding Generals of Multi-National Corps/Force on Iraqi economic development issues including impact of corruption, oil prices, state owned enterprises, and budget decisions. Previously, he was assigned as military Chief of Economics Section for Multi-National Force – Iraq (MNF-I) in Baghdad, Iraq with similar responsibilities (November 2005 – May 2006). He has also been a consultant for the United Nations Development Program, the U.S. Department of the Navy, the Inter-American Development Bank as well as government entities in China and Colombia.


In 2018, Professor Gunter was elected for a four-year term as a College of Business and Economics representative to the University Faculty Senate. He is currently serving as the Chairman of the Senate Faculty Subcommittee. He is also the Chairman of the College of Business and Economics Policy Committee, which is responsible for ensuring the educational quality in the College. He has previously served as Chairman of the Faculty Compensation Committee.

Other Activities:

A retired U.S. Marine Corps Reserve Colonel, he was mobilized after 9/11 to command a 6,000 Marine and Sailor combined arms training exercise (CAX 7/8-02). He later served as president of the Marine Reserve Mobilization Delay, Deferment, and Exemption Board; Deputy Director of the Tsunami Coalition Coordination Center in Thailand; and Deputy of Coalition Operations in Iraq.  

Lehigh Faculty Compensation


Works In Progress


People's Republic of China

  • "Why China Lost About $3.8 Trillion To Capital Flight In The Last DecadeForbes Asia, February 22, 2017.
  • Corruption, Costs, and Family: Chinese Capital Flight, 1984-2014China Economic Review, Vol. 43, 2017, pp. 105-177.
  • "On the Record: Gunter on China," Lehigh University News Article, January 19, 2011.
  • "Capital Flight from China: 1984-2001," China Economic Review, Vol. 15, 2004, pp. 63-85.
  • “The Relationship between Foreign Direct Investment and Capital Flight in China (1984-1999)” with Haizhen Yang, (Published in Chinese) China Economic Quarterly, Vol. 1, No. 3, 2002, pp. 715-722.
  • "Capital Flight from the People's Republic of China: 1984-1994," China Economic Review Vol. 7, No. 1, 1996.


  • "Market Reform and the Limitations of Monetary Policy: the Case of Colombia" with Carolyn Stumph, Ensayos Sobre Politica Economica, No. 38, March 2001.
  • "Absolute Stability and Comparative Deterioration: Has Apertura Gone Too Far or Not Far Enough?" in Colombia: An Opening Economy? Colleen Callahan and Frank R. Gunter (eds.) Stamford, Connecticut: JAI Press, 1999, pp. 343-353.
  • Colombia: An Opening Economy? Colleen Callahan and Frank R. Gunter (Eds.) Stamford, Connecticut: JAI Press, 1999.
  • "Apertura Economica," in Fabio Giambiagi (ed.) Colombia: Informe Socioeconomico Departamento de Desarrollo Economico Y Social, Banco Interamericano de Desarrollo, Abril, 1994, pp. 32-38.
  • The Colombian Economy: Issues of Trade and Development Alvin Cohen and Frank R. Gunter (Eds.) Boulder, Colorado: Westview Press, 1992.
  • "Colombian Capital Flight: 1982-1990," In Alvin Cohen and Frank R. Gunter (Eds.) The Colombian Economy: Issues of Trade and Development, Boulder, Colorado: Westview Press, 1992.
  • "Colombian Capital Flight: Issues of Policy and the Drug Trade," Testimony on the Impact of Capital Flight on Latin American Debt before the Subcommittee on Deficits, Debt Management and International Debt of the U.S. Senate Finance Committee, First Session, Washington D.C.: Government Printing Office, June 12, 1991, pp. 18-25, 37-42.
  • "Colombian Capital Flight," Journal of Interamerican Studies and World Affairs Vol. 33, No. 1, Spring, 1991, pp. 123-147.

Corruption, Capital Flight and Country Risk

  • "Two myths hinder the global fight against corruption," The Christian Science Monitor, May 6, 2010.
  • "Capital Flight" International Encyclopedia of the Social Sciences, 2nd edition, William A. Darity, Jr. (ed.) Detroit: Macmillan Reference, 2008.
  • “Corruption," in Encyclopedia of Social Problems, Vol. 1, Vincent N. Parrillo (ed.). Thousand Oaks, CA: SAGE, 2008.
  • "The Miracle of the Latvian Lat: Its Fragile Foundation" with Nicholas W. W. Balabkins, in Jürgen G. Backhaus and Günter Krause (eds.) On Political Economy of Transformation: Country Studies, Marburg: Metropolis Verlag, 1997.
  • "Country Risk," In Peter Newman, Murray Milgate and John Eatwell (Eds.) The New Palgrave Dictionary of Money and Finance, New York: Stockton Press, 1992, pp. 506-509.
  • "Thomas Jefferson on the Repudiation of Public Debt," Constitutional Political Economy Vol. 2, No. 3, Fall, 1991, pp. 283-301.

Economic Education

  • "Simple Model of Entrepreneurship for Principles of Economic Courses" Journal of Economic Education, Vol. 43, No. 4, 2012, pp. 1-11. (For a longer version of this article, appropriate as a handout in a principles course, click here.

Social Justice

In the Media


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