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Michael Spence
By Michael Spence - Dec 06,2023
MILAN — This year’s United Nations Climate Change Conference (COP28) has begun in Dubai. Depending on whom you ask, the outlook ranges from deeply pessimistic to cautiously optimistic.
By Michael Spence - Sep 26,2023
MILAN — The European Union, like much of the rest of the world, is facing powerful economic headwinds.
By Michael Spence - Aug 10,2023
MILAN — Around the world, supply is struggling to keep up with demand. Inflation remains stubbornly high, despite aggressive interest-rate hikes. The global workforce is aging rapidly.
By Michael Spence - Jul 05,2023
MILAN — For several decades, markets and market incentives were the main drivers of economic trends and policies. No longer.
By Michael Spence - May 07,2023
MILAN — Industrial policy has always been a controversial dimension of growth and development strategies in emerging economies.
By Michael Spence - Apr 04,2023
 MILAN — Over the last year, the trajectory of Sino-American relations has become indisputable: the United States and China are headed towards a substantial, though not complete, decoupling.
By Michael Spence - Feb 26,2023
MILAN — Trade and technology development policies almost always have distributional consequences. There may be a few exceptions for which the implementation of a policy produces either gains or no loss for nearly everyone, what economists would call a Pareto improvement.
By Michael Spence - Dec 24,2022
MILAN — Net-zero commitments are all the rage. Countries, companies, and others worldwide have committed to eliminating their net greenhouse-gas emissions by a particular date — for some, as early as 2030.
By Michael Spence - Nov 28,2022
HONG KONG  —  November was an extraordinary month.
By Michael Spence - Oct 20,2022
MILAN  —  The post-pandemic economy’s high inflationary pressures are being powered in part by secular trends and forces, many of which are operating on the supply side.



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