# Prof. Michael Spence's views on economic growth in emerging economies are highlighted

1 Faculty News September 26, 2013 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2013-09-26/china-seeks-to-repeat-deng-s-shenzhen-success-in-shanghai-zone.html) -- "Japan, South Korea, Taiwan, Hong Kong and Singapore are the only economies that have moved from middle-income to developed nation status while maintaining relatively high growth rates, according to Nobel laureate [Michael Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence), a professor at New York University’s Stern School of Business."

[Read more](http://www.bloomberg.com/news/2013-09-26/china-seeks-to-repeat-deng-s-shenzhen-success-in-shanghai-zone.html)