Michael Spence

Michael Spence, a Nobel laureate in economics, is Professor of Economics at NYU’s Stern School of Business, Distinguished Visiting Fellow at the Council on Foreign Relations, Senior Fellow at the Hoover Institution at Stanford University, Academic Board Chairman of the Asia Global Institute in Hong Kong, and Chair of the World Economic Forum Global Agenda Council on New Growth Models. He was the chairman of the independent Commission on Growth and Development, an international body that from 2006-2010 analyzed opportunities for global economic growth, and is the author of The Next Convergence – The Future of Economic Growth in a Multispeed World.

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Newsart for How to Fight Secular Stagnation

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EconomicsAUG 30, 2016 33

How to Fight Secular Stagnation

Much of the world, especially the advanced economies, has been mired in a pattern of slow and declining GDP growth in recent years. But there are different types of forces that could be suppressing gr… read more

Newsart for Growth in a Time of Disruption

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Business & FinanceJUL 27, 2016 13

Growth in a Time of Disruption

Developing countries are facing major obstacles – many of which they have little to no control over – to achieving sustained high growth rates. With reversal of these trends – from low advanced-econom… read more

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World AffairsJUN 20, 2016 34

Brexit in Context

At least some Britons, and many other EU citizens, still want future generations to come to think of themselves as Europeans. And they are right to think that the world would be a far better place wit… read more

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EconomicsMAY 30, 2016 11

Reigniting Emerging-Economy Growth

It is no secret that emerging economies are facing serious challenges, which have undermined their once-explosive growth and weakened their development prospects. Whether they return to the path of co… read more

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EconomicsAPR 27, 2016 30

Managing Debt in an Overleveraged World

In the years since the 2008 global financial crisis, austerity and balance-sheet repair have been the watchwords of the global economy. And yet today, more than ever, debt is fueling concern about gro… read more