Michael Spence

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

Biden’s vaccine challenge

Commentary / World Jan 31, 2021

Biden’s vaccine challenge

In many ways, the United States is at war against COVID-19. But the existing systems for delivering what is needed to win are weak, fragmented and, especially, uncoordinated.

The pandemic public-debt dilemma

Commentary / World Dec 9, 2020

The pandemic public-debt dilemma

Extraordinary times call for extraordinary measures. Failing bold action, developing countries could be on track to lose years or even decades of progress in the post-pandemic world.

Emerging vulnerabilities in emerging economies

Commentary / World Aug 27, 2018

Emerging vulnerabilities in emerging economies

For many emerging economies, it is imperative to pursue a rebalancing of growth patterns, with a more active approach to managing debt and capital flows and their effects on asset prices, exchange rates, and growth. Otherwise, the dangers of unsustainable growth patterns will bring ...