Katherine Terrell was Professor of Business Economics and Public Policy at the Stephen M. Ross School of Business and Professor of Public Policy Analysis at the Gerald R. Ford School of Public Policy, University of Michigan. She published widely in the areas of economic development and labor economics. Her research evaluated the impact of government policies and the effect of globalization on wages, employment, income inequality and firm performance in emerging market economies. She was research fellow at IZA since 1999 and CEPR since 1998 and served as a consultant to various international organizations such as the World Bank, the OECD and the EBRD. Katherine Terrell passed away unexpectedly on December 29, 2009. Those who knew her will always remember her warm personality and outstanding professional qualities.