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Curated by Project Syndicate

Michael Spence on Reinventing Growth

13 commentaries

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.

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roach122_Caroline BrehmanCQ-Roll Call, Inc via Getty Images_us economy Caroline Brehman/CQ Roll Call, Inc via Getty Images

A Tale of Two Economies

Stephen S. Roach

As financial markets celebrate the coming vaccine-led boom, the confluence of epidemiological and political aftershocks has pushed us back into a quagmire of heightened economic vulnerability. In Dickensian terms, to reach a “spring of hope,” we first must endure a “winter of despair.” 

points out that while a COVID-19 vaccine promises a spring of hope, a winter of despair is coming first.
1

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  1. whitehouse1_Greg Nash - PoolGetty Images_whitehouse barrett hearing Greg Nash/Pool/Getty Images

    America’s Captured Courts

    Sheldon Whitehouse

    Decades ago, a group of powerful US corporate interests recognized that the unpopular policies they sought faced steady headwinds in the elected branches of government. But courts, stocked with amenable judges and presented with the right cases, could reliably deliver political wins without answering to the voting public. 

    shines a light on the dark money behind the US judiciary's rightward turn under Republican presidents.
    0
  2. roach122_Caroline BrehmanCQ-Roll Call, Inc via Getty Images_us economy Caroline Brehman/CQ Roll Call, Inc via Getty Images

    A Tale of Two Economies

    Stephen S. Roach

    As financial markets celebrate the coming vaccine-led boom, the confluence of epidemiological and political aftershocks has pushed us back into a quagmire of heightened economic vulnerability. In Dickensian terms, to reach a “spring of hope,” we first must endure a “winter of despair.” 

    points out that while a COVID-19 vaccine promises a spring of hope, a winter of despair is coming first.
    1

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