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.

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.

Michael Spence argues that effective management of the assets side of national balance sheets is critical for promoting market efficiency, innovation, and resiliency.

Michael Spence describes how technological progress affects employment and why policymakers should increase investment in education and skills to help workers adapt.

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.

Michael Spence explains what China's leadership can learn from Singapore about formulating a growth strategy that is inclusive, stable, and sustainable.

Michael Spence writes that Hurricane Sandy and its aftermath have highlighted the need for greater investment in critical infrastructure to minimize economic disruption after a disaster.

Michael Spence shares his bullish outlook on emerging markets and their ability to rebound from a global growth slowdown.

Michael Spence examines the causes of recent distress in both advanced and developing economies and evaluates potential policy responses.

Michael Spence and David Brady cite risk aversion, rigid political systems, and a dearth of effective policy tools among the factors incapacitating political leadership in the world's major economies.

To diagnose the ills of the struggling global economy, Michael Spence considers the impediments to growth in both advanced and developing nations.

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.

Michael Spence surveys a variety of economic development models, highlighting the problems of long-term sustainability inherent to each.

Michael Spence writes that myopic U.S. energy policies highlight the need for persistence, longer-term thinking, and bipartisanship in U.S. policymaking.

To achieve sustainable economic growth, Michael Spence says education and values must promote greater awareness of the consequences of individual and collective choices.

Michael Spence wants to rethink the role of the state in addressing the problems of instability and inequality that are endemic to free-market systems.

Experts forecast the five most consequential trends in 2012, following a year in which the global economy struggled amid high unemployment and mounting debt crises.

Michael Spence says too much blame has been heaped upon currencies for the West's economic woes.

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.

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.

Michael Spence presents three major employment challenges facing the global economy as it undergoes massive structural change.

Is globalization to blame for rising unemployment and income inequality in the United States?