Today's seismic shifts in the global economy have left advanced and developing countries alike struggling to restore – or sustain – economic growth. In these commentaries, written exclusively for Project Syndicate, Nobel laureate Michael Spence examines the policy challenges posed by structural change, and offers proposals aimed at smoothing countries' adjustment.
Tackling the COVID-19 pandemic and engineering an economic recovery are only two of the challenges facing new US President Joe Biden. Amid deep social divisions and the continued threat of right-wing extremist violence, Biden must also try to re-establish democratic political norms and restore trust in American leadership at home and abroad.
