
Michael Spence
Michael Spence, a Nobel laureate in economics, is Professor of Economics Emeritus and a former dean of the Graduate School of Business at Stanford University. He is Senior Fellow at the Hoover Institution, Senior Adviser to General Atlantic, and Chairman of the firm’s Global Growth Institute. He serves on the Academic Committee at Luohan Academy, and chairs the Advisory Board of the Asia Global Institute. He was Chairman of the independent Commission on Growth and Development, an international body that from 2006-10 analyzed opportunities for global economic growth, and is the author of The Next Convergence: The Future of Economic Growth in a Multispeed World (Macmillan Publishers, 2012).
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In Defense of Industrial Policy
In Defense of Industrial Policy
May 5, 2023 Michael Spence justifies government intervention to alter market outcomes – and explains the right way to go about it.
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Destructive Decoupling
Destructive Decoupling
Mar 30, 2023 Michael Spence tallies the costs of the global economic fragmentation that the US-China rivalry has set in motion.
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Countering Structural Disruptions
Countering Structural Disruptions
Feb 22, 2023 Michael Spence assesses policymakers' options for mitigating the adverse distributional consequences of trade and technology.
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America’s Widening Productivity Gap
America’s Widening Productivity Gap
Feb 6, 2023 Michael Spence & Belinda Azenui urge policymakers to pursue interventions aimed at reducing supply constraints in the non-tradable sector.
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Is It Time to Give Up on 1.5°C?
Is It Time to Give Up on 1.5°C?
Dec 23, 2022 Michael Spence questions the value of clinging to an aspirational climate target that is becoming more remote by the day.