Changing China's Growth Path E-mail
Thursday, 14 April 2011 13:41

Project SyndicateChina is poised to begin its transition from middle-income to developed-country status. Relatively few economies (five to be precise, all in Asia: Japan, South Korea, Taiwan, Hong Kong, and Singapore) successfully managed this transition while sustaining high growth rates. No country of China’s size and diversity has ever done so.

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Jobs and Structure in the Global Economy E-mail
Wednesday, 16 March 2011 13:52

The global economy is at a crossroads as the major emerging markets (and developing countries more broadly) become systemically important, both for macroeconomic and financial stability and in their impact on other economies, including the advanced countries.

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BLOOMBERG | TOM KEENE and MICHAEL SPENCE E-mail
Thursday, 10 March 2011 09:25

Michael Spence, Nobel laureate and professor of economics at New York University's Stern School of Business, talks about the European debt crisis and the outlook for U.S. growth, productivity and employment. Spence speaks with Tom Keene on Bloomberg Television's "Surveillance Midday."

WATCH THE VIDEO ON BLOOMBERG.COM

 
The Evolving Structure of Global Growth E-mail
Monday, 14 February 2011 13:59

Since World War II’s end, the global economy’s trade and financial openness has increased, thanks to institutions like the International Monetary Fund and successive rounds of liberalization, starting with the General Agreement on Tariffs and Trade (GATT) in 1947. In parallel, colonialism collapsed, and we are now slightly more than halfway through a century-long process of modernization for the many developing countries that emerged. But where has that process led, where is it taking us now, and, perhaps most importantly, how can we influence its course?

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Five Steps Forward in 2011 E-mail
Friday, 14 January 2011 14:01

The worst of the financial/economic crisis seems to be over. Asset markets performed reasonably well in 2010. Growth in the United States and parts of Europe returned. Private-sector deleveraging continued, but was counter-balanced by rising public-sector deficits and debt. And emerging-market growth returned to pre-crisis levels and appears to be sustainable, helped by unorthodox policies designed to “sterilize” massive capital inflows.

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