Michael Spence: The Next Convergence (1/5)

Michael Spence discusses his book 'The Next Convergence', focusing on the economic growth of developing countries post-WWII. He highlights the role of technology, the fall of colonial empires, and the importance of government in supporting growth. Spence also shares insights from the World Bank's Growth Commission, emphasizing the experimental nature of policymaking in developing economies.

What is the main theme of Michael Spence's book, 'The Next Convergence'?

What role does technology play in the process of economic convergence as described in the interview?

How did the colonial empires impact the economic differences between advanced and developing countries?

According to Michael Spence, which countries are currently experiencing sustained high growth?

What is the significance of the World Bank's Growth Commission in relation to Spence's book?

What does Michael Spence mean by 'systemically important' countries?

In what ways does government play a role in supporting economic growth according to Spence?