Nobel Laureate Prof. Michael Spence is highlighted for his research on US job growth
— June 8, 2011
Excerpt from TIME Magazine -- "Nobel laureate Michael Spence, author of The Next Convergence, has looked at which American companies created jobs at home from 1990 to 2008, a period of extreme globalization. The results are startling. The companies that did business in global markets, including manufacturers, banks, exporters, energy firms and financial services, contributed almost nothing to overall American job growth."