A. Michael Spence, who won the 2001 Nobel Prize for Economic Sciences, has focused his work in recent years on the growth and development in the global economy. And his latest book, The Next Convergence The Future of Economic Growth in a Multispeed World, has quickly become a must read. Spence argues that the gap between developed and developing economies is narrowing for the first time since the dawn of the Industrial Revolution.
Spence spoke about the book, and about growth dynamics in the global economy, at the Carnegie Council. Here is a clip from that speech, in which Spence discusses the choices that nations must make to fuel growth in today's global economy:
Watch the full speech here.
Posted
06-16-2011 2:25 AM
by
Graham Griffith
Filed under: global business, GDP, global economy, growth, developing economies, developed world, developed economies, China, Carnegie Council, saving, Industrial Revolution, developing countries, developed nations, savings and investment, michael spence, economic books, the next convergence