Faculty News

In an op-ed, Professor Michael Spence explains how international policy reform can foster global economic growth

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Excerpt from Project Syndicate -- "In short, a reasonably comprehensive strategy for restoring country-level and global growth would include measures to elevate and remove obstacles to public and private investment, thereby contributing to aggregate demand. It would also include a variety of reforms to strengthen private investment incentives. And it would include an inclusiveness agenda directed at structural disequilibrium in labor markets and potentially destructive income inequality. Thus far, with few exceptions, such comprehensive growth strategies have been missing."

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