Economic decline is leading to political instability. What's the solution?
A. Michael Spence and David Brady on economic growth and political uncertainity.
1966, BA (Hons), Princeton University; 1968, BA and MA, Oxford University; 1972, PhD in Economics, Harvard University. Economist. 1973-75, Associate Professor of Economics, Stanford University; 1975-90, Professor, Economics and Business Administration, Harvard University; 1977-79, Member, Economics Advisory Panel, National Science Foundation; 1984-90, Dean, Faculty of Arts and Sciences, Harvard University; 1990-99, Phillip H Knight Professor and Dean, Graduate School of Business, Stanford University. Currently, Chairman, Independent Commission on Growth and Development; Senior Fellow, Hoover Institution. Phillip H Knight Professor Emeritus, Graduate School of Business, Stanford University. Member of Board: General Mills; Siebel Systems; Nike; Exult. Member, American Economic Association. Fellow: American Academy of Arts and Sciences; Econometric Society. Author of The Next Convergence. Recipient of awards, including: John Kenneth Galbraith Prize (1978); The John Bates Clark Medal, and the Nobel Memorial Prize in Economic Sciences (2001).
A. Michael Spence and David Brady on economic growth and political uncertainity.
Nobel Laureate A. Michael Spence on governance and well-being.
China can achieve moderate yet sustainable long-term growth, argue Nobel laureate Michael Spence and Fred Hu.
Michael Spence, a Nobel laureate in economics, compares comprehensive growth strategies with what is actually happening in the global economy.
What area of the economy are you most worried about? We put this question to four winners of the Nobel Memorial Prize. Here's what they had to say.