# Prof. Michael Spence's book, "The Next Convergence," is mentioned

1 Faculty News December 2, 2013 ![Strategy and Business logo](/sites/default/files/styles/246w/public/assets/images/con_032862.jpg?itok=iS64SU8w)>

Excerpt from [Strategy + Business](http://www.strategy-business.com/article/00223c?gko=ec771) -- "As Nobel prize–winning economist [A. Michael Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence) pointed out in his book The Next Convergence: The Future of Economic Growth in a Multispeed World (Farrar, Straus and Giroux)—selected by strategy+business as one of the best business books of 2011—we are living in the middle of a century-long journey during which the rest of the world will catch up with the developed economies of the West."

[Read more](http://www.strategy-business.com/article/00223c?gko=ec771)