# Prof. Michael Spence's research on economic growth after WWII is highlighted

1 Faculty News December 29, 2014 ![](/sites/default/files/styles/246w/public/assets/images/beijingreview.jpg?itok=vky0G8d5)>

Excerpt from [Beijing Review](http://www.bjreview.com.cn/business/txt/2014-12/29/content_661494.htm) -- "According to research by the Commission on Growth and Development led by Nobel laureate [Michael Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence), after World War II, 13 economies utilized the latecomer advantage to achieve annual GDP growth of 7 percent or more for 25 years or longer, more than double the growth rates of developed countries."

[Read more](http://www.bjreview.com.cn/business/txt/2014-12/29/content_661494.htm)