Michael Spence

For Michael Spence's latest contributions to The Japan Times, see below:

Nov 30, 2016

Brexit, Trump and a new economic order

Multilateralism is giving way to national self-interest. As inequality across countries has declined, inequality within countries has surged — to the point that the reversal of priorities was probably inevitable.

In search of growth strategies

Feb 1, 2016

In search of growth strategies

Restoring growth to the global economy will require the removal of obstacles to investment, efforts to fix dysfunctional labor markets and measures to counteract rising inequality.

Letting China's bubble burst

Aug 3, 2015

Letting China's bubble burst

If Chinese regulators allow the stock market to correct, institutional investors with a long-term value orientation will ultimately step in, enhancing the market's stability.