Ethiopian Business Review

Michael Spence

Michael Spence

A Nobel Laureate in Economic, is Professor of Economics as New York University's Stern School of Business and Senior Fellow at the Hoover Institution. His latest book is The Next Convergence - The Future of Economic Growth in Multispeed World.

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Preventing the Balkanization of the Internet

Wednesday, 16 May 2018 06:00 Published in Commentary

The recent revelation that more than 50 million Facebook profiles were harvested by app and given to political consultancy Cambridge Analytica has produced a backlash against the platform. But it is just the latest example of the risks associated with the Internet, which forms the core of today’s digital revolution.

The Missing Ingredients of Growth

Thursday, 15 February 2018 00:00 Published in Commentary

Most of the global economy is now subject to positive economic trends: unemployment is falling, output gaps are closing, growth is picking up, and, for reasons that are not yet clear, inflation remains below the major central banks’ targets. On the other hand, productivity growth remains weak, income inequality is increasing, and less educated workers are struggling to find attractive employment opportunities.

Empowering China's New Miracle Workers

Wednesday, 01 November 2017 00:00 Published in Commentary

As the Chinese Communist Party’s 19th National Congress has unfolded, much of the focus has been on who will occupy the key positions in President Xi Jinping’s administration for the next five years. But China’s future trajectory depends crucially on another group of leaders, who have received far less attention: the technocrats who will carry out the specific tasks associated with China’s economic reform and transformation.