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Michael Spence
By Michael Spence - May 25,2015
When World War II ended 70 years ago, much of the world — including industrialised Europe, Japan and other countries that had been occupied — was left geopolitically riven and burdened by heavy sovereign debt, with many major economies in ruins.One might have expected a long peri
By Michael Spence - Mar 14,2015
The world is facing the prospect of an extended period of weak economic growth.
By Michael Spence - Feb 18,2015
At a time of lackluster economic growth, countries around the world are attempting to devise and implement strategies to spur and sustain recovery. The key word is strategy: To succeed, policy makers must ensure that measures to open the economy, boost public investment, enhance
By Michael Spence - Jan 26,2015
A remarkable pattern has emerged since the 2008 global financial crisis: Governments, central banks and international financial institutions have consistently had to revise their growth forecasts downward. With very few exceptions, this has been true of projections for the globa
By Michael Spence - Dec 14,2014
Chinese President Xi Jinping’s massive anti-corruption campaign has advanced a number of key objectives: it has gone a long way towards restoring confidence in the Communist Party’s commitment to a merit-based system; countered a decades-old pattern of public sector d
By Michael Spence - Aug 27,2014
Summer is normally a time to take a break from the risks and worries of everyday life, and perhaps to take stock of where we are and where we are heading.
By Michael Spence - Jul 09,2014
Despite China’s widely discussed economic slowdown, annual GDP growth remains above 7 per cent, implying little cause for alarm — at least for now. The question is whether the government’s efforts to implement structural reforms and transform the economy’
By Michael Spence - May 28,2014
Digital technologies are once again transforming global value chains and, with them, the structure of the global economy. What do businesses, citizens and policy makers need to know as they scramble to keep up? Digitally enabled supply chains initially increased efficiency and
By Michael Spence - Apr 28,2014
The Spanish economy is beginning to attract investors’ attention — and not only because asset prices are depressed in the current climate (arguably implying a good buy for longer term, value investors). While there are huge problems that must still be overcome, there
By Michael Spence - Apr 13,2014
Governments’ inability to act decisively to address their economies’ growth, employment, and distributional challenges has emerged as a major source of concern almost everywhere.



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