Opinion / Michael Spence

Why do economies stop growing?

[2012-05-30 16:02]

Over the years, advanced and developing countries have experimented, sometimes deliberately and frequently inadvertently, with a variety of approaches to growth.

Reinventing the Sino-American relationship

[2012-04-26 14:26]

The core of the relationship is simple: China needs US innovation to grow, and the US needs Chinese markets to grow.

The energy deficit

[2012-03-21 17:14]

Political pundits agree that presidential approval ratings are highly correlated with gas prices: when prices go up, a president's poll ratings go down.

The exchange-rate delusion

[2011-12-20 14:34]

The focus on currencies as a cause of the West's economic woes, while not entirely misplaced, has been excessive.

Can Italy be saved?

[2011-11-23 17:50]

As the economist Mario Monti's new government takes office in Italy, much is at stake – for the country, for Europe, and for the global economy.

Closing America's growth deficit

[2011-09-22 17:23]

As the US economy continues to sputter three years after the financial crisis erupted with full force, it has become clear that the US cannot recover strongly without a change in the mix of domestic and foreign components of total aggregate demand.

Stagnant and paralyzed

[2011-08-12 10:01]

The recent dramatic declines in equity markets worldwide are a response to the interaction of two factors: economic fundamentals and policy responses – or, rather, the lack of policy responses.

A post-crisis world of risk

[2011-06-16 17:21]

The post-crisis period has produced a multi-speed world, as the major advanced economies – with the notable exception of Germany – struggle with low growth and high unemployment, while the main emerging-market economies have restored growth to pre-crisis levels.

Asia's new growth model

[2011-06-04 14:32]

For the countries of Asia - especially its rising giants, China and India - sustainable growth is no longer part of a global challenge. Instead, it has become a national growth-strategy issue.

Changing China's growth path

[2011-04-19 15:32]

Growth in the world’s emerging economies now depends on China, the main export partner for a growing list of major economies including Japan, South Korea, India, and Brazil.

Jobs and structure in the global economy

[2011-03-18 15:19]

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

The evolving structure of global growth

[2011-02-15 14:39]

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.

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