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A succinct description of how the recent period of growth in developing countries is leading to a convergence with the advanced countries, or developed world.
See more in Economics, Emerging Markets, Geoeconomics
Distinguished Visiting Fellow
Growth and development economics and policy, structural change in the global economy, impact on advanced and developing countries, informational structure of markets, growth and policy in the major emerging markets; China, India, Brazil.
A succinct description of how the recent period of growth in developing countries is leading to a convergence with the advanced countries, or developed world.
See more in Economics, Emerging Markets, Geoeconomics
Jobs growth was slow in May, renewing pessimism about the U.S. economy.
This Working Paper analyzes trends in the American economy's performance over the past two decades; in particular, it examines changes in employment and value added in U.S. industries.
See more in United States, Industrial Policy, Labor
What does 2013 have in store for the global economy? We asked five distinguished experts to identify the most important trends, challenges, and opportunities in the upcoming year.
See more in United States, Economics
Michael Spence explains what China's leadership can learn from Singapore about formulating a growth strategy that is inclusive, stable, and sustainable.
See more in China, Economics, Economic Development, Emerging Markets, Geoeconomics
Michael Spence shares his bullish outlook on emerging markets and their ability to rebound from a global growth slowdown.
See more in Africa, Brazil, China, Japan, India, Economics, Economic Development, Emerging Markets, Financial Crises, Geoeconomics
Michael Spence argues that much of the furor over austerity misses the fact that deficit reduction is only one step on the road to restoring competitiveness, employment, and growth.
See more in Greece, EU, Economics, Financial Crises, Geoeconomics
Michael Spence writes that myopic U.S. energy policies highlight the need for persistence, longer-term thinking, and bipartisanship in U.S. policymaking.
See more in United States, Economics, Economic Development, Geoeconomics, Industrial Policy, Energy/Environment, Energy, Energy Security, Natural Resources Management
Michael Spence says Italy can be saved only if both it and the European Union commit boldly and unconditionally to aggressive action on stabilization and reform.
See more in Italy, EU, Economics, Financial Crises, Geoeconomics
Michael Spence and Mohamed El-Erian explain how a fundamental review of the way political decisions are made in the United States and Europe can improve policymaking.
See more in United States, EU, Economics, Economic Development, Geoeconomics
Amid fears of another global recession, investors are focused on U.S. policymakers. Restoring confidence in the world's largest economy will require both national sacrifice and innovation--not more Fed intervention, says CFR's A. Michael Spence.
See more in United States, Economics, Financial Crises
Michael Spence describes how Asia's emerging economies will have to incorporate sustainability into their plans for growth.
See more in Asia, Economics, Economic Development, Comparative Environmental Policies, Natural Resources Management
Michael Spence discusses the challenges China will face as it transitions from middle-income to developed-country status.
See more in China, Economics, Economic Development
This Working Paper analyzes trends in the American economy's performance over the past two decades; in particular, it examines changes in employment and value added in U.S. industries.
See more in United States, Industrial Policy, Labor
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CFR Distinguished Visiting Fellow
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Foreign Affairs Managing Editor Jonathan Tepperman interviews Nobel Prize-winning economist Michael Spence on current trends in unemployment, government spending and policy, the speed of globalization, and Obama's options for a troubled economy.
In this interview with France 24, Michael Spence explains why he believes the euro is not out of the woods yet.
Peter Robinson of Human Events magazine's "Uncommon Knowledge" video series talks with Michael Spence.
