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Michael Spence
By Michael Spence - Feb 26,2023
MILAN — Trade and technology development policies almost always have distributional consequences. There may be a few exceptions for which the implementation of a policy produces either gains or no loss for nearly everyone, what economists would call a Pareto improvement.
By Michael Spence - Dec 24,2022
MILAN — Net-zero commitments are all the rage. Countries, companies, and others worldwide have committed to eliminating their net greenhouse-gas emissions by a particular date — for some, as early as 2030.
By Michael Spence - Nov 28,2022
HONG KONG  —  November was an extraordinary month.
By Michael Spence - Oct 20,2022
MILAN  —  The post-pandemic economy’s high inflationary pressures are being powered in part by secular trends and forces, many of which are operating on the supply side.
By Michael Spence - Sep 12,2022
MILAN  —  Environmental, social and governance considerations are playing an increasingly prominent role in business.
By Michael Spence - Aug 13,2022
FORT LAUDERDALE  —  From last November’s $1.2 trillion infrastructure bill, which promises upgraded American roads, bridges, and broadband, to the recently enacted CHIPS and Science Act, which will allocate more than $52 billion to boosting the American semiconductor in
By Michael Spence - Jul 02,2022
MILAN — Central banks’ efforts to contain high and rising inflation are fuelling growth headwinds and threatening to tip the global economy into recession.
By Michael Spence - Jun 09,2022
NEW YORK  —  Recent conversations about the global economy and markets have been defined by a set of recurring questions.
By Michael Spence - May 07,2022
MILAN — It is now widely accepted that the economic and technological relationship between the United States and China will be characterised by some combination of strategic cooperation and strategic competition.
By Michael Spence - Apr 11,2022
MILAN — Fast-growing companies and startups were once the preserve of Silicon Valley and Seattle. No longer. Today, the United States boasts several innovation hotspots, including Austin, Miami, New York City and Washington, DC.



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