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Articles by Michael Spence
opinion
Michael Spence
How a Reckless U.S. Threatens Global Stability
While the world's developed countries face growth and employment shortfalls, developing countries are confronting huge challenges in adapting to increasingly...
opinion
Michael Spence
Problems of Domestic Policies in a Global World
Around the world, policies, technologies and extended learning processes have combined to erode barriers to economic interaction among countries. Pick...
opinion
Michael Spence
America's 8-Cylinder Economy Running on 5
In the dog days of summer, Milan is quieter than many European cities. The locals are away, and, unlike Paris or Rome, tourists do not take their place...
opinion
Michael Spence
China Looking for New Ways to Sustain Growth
China's growth has slowed considerably since 2010 and it may slow even more — a prospect that is rattling investors and markets well beyond China's...
opinion
Michael Spence
Preparing for the U.S.-China Strategic Union
The California summit between U.S. President Barack Obama and Chinese President Xi Jinping on June 7-8 comes at a time of heightened tension between...
opinion
Michael Spence
Rebalancing the Government's Balance Sheet
It is important that more attention is now paid to public liabilities.
opinion
Michael Spence
Emerging Markets Will Remain a Growth Engine
With most of the world focused on economic instability and anemic growth in the advanced countries, developing countries, with the possible exception...
opinion
Michael Spence
U.S. Must Lead Effort to Treat Energy Myopia
I have been surprised by the recent coverage in the U.S. media of gasoline prices and politics. Political pundits agree that presidential approval...
opinion
Michael Spence
The Free Market and the Sustainability Mindset
Markets and capitalist incentives have great strengths in promoting economic efficiency, growth and innovation. And as Ben Friedman of Harvard University...
opinion
Michael Spence
A 5-Year Plan to Change China's Growth Path
China is poised to begin its transition from middle-income to developed-country status. Only five economies successfully managed this transition while...
opinion
Michael Spence
5 Steps Forward for the Global Economy in 2011
The worst of the financial and economic crisis seems to be over. But continued high growth in emerging markets depends on avoiding a second major downturn...