Michael Spence is a world authority on growth in developing countries and on the convergence between advanced and developing economies.  He received the Nobel Prize in Economic Sciences in 2001 for his contributions to the analysis of markets with asymmetric information.


Spence is a professor of economics at the Stern School of Business at New York University, Professor Emeritus of Management in the Graduate School of Business at Stanford University, a Senior Fellow of the Hoover Institution at Stanford and a Distinguished Visiting Fellow of the Council on Foreign Relations. He has also served as the Dean of the Faculty of Arts and Sciences at Harvard and the Dean of the Stanford Business School.


Among his many honors, he was awarded the John Kenneth Galbraith Prize for excellence in teaching and the John Bates Clark medal for a “significant contribution to economic thought and knowledge.”


Spence has published widely and is the author of several books and numerous articles and papers. His most recent publication is The Next Convergence: The Future of Economic Growth in a Multispeed World (May 2011).


He is a former Chairman of the independent Commission on Growth and Development, which focuses on growth in emerging economies.


Spence chairs the Academic Board of the Fung Global Institute, the Hong Kong-based, independent and non-profit think-tank established with the aim of generating and disseminating innovative thinking and business-relevant research on global issues from Asian perspectives.


He serves on the boards of a number of private and public companies including Genpact, a global company for business processing and technology management, and MercadoLibre, a leading website in Latin America for e-commerce and online auctions. He is a member of the board of the Stanford Management Company and the International Chamber of Commerce Research Foundation. He is also a Senior Advisor to Oak Hill Investment Management and a consultant to PIMCO.


Spence has a BA in Philosophy from Princeton University, a BA/MA in Mathematics from Oxford University and earned his PhD in Economics from Harvard University.


Photograph of Michael Spence

mspence.pdf [Adobe Acrobat PDF - 1.38 MB]



nextconvergence.pdf [Adobe Acrobat PDF - 1.58 MB] 


JPGS of Michael Spence and "THE NEXT CONVERGENCE"


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