# Professor Michael Spence is quoted in an article exploring whether global institutional infrastructure needs major reform to cope with challenges posed by the coronavirus pandemic

1 Faculty News May 18, 2020 ![China Daily Logo 190 x 145](/sites/default/files/styles/246w/public/assets/images/China%20Daily%20Logo%20190%20x%20145.jpg?itok=qwNkV5Ut)>

Excerpt from [China Daily](https://www.chinadailyasia.com/article/130852#Stepping-forward) -- "[Michael Spence](https://www.stern.nyu.edu/faculty/bio/a-michael-spence), professor of economics at New York University’s Stern School of Business and a Nobel Prize winner for economics, said there would have to be substantial input from China if the system was to be reformed. 'If it happens, China will have to play a major role. If China is left out, it won’t work — just like if the US or Europe were not there,' he said."

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