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- Nov 07, 2020
Michael Spence Quotes
Most Famous Michael Spence Quotes of All Time!
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- Last Updated on May 30, 2021
- First
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- Nov 07, 2020
Robotics has already made significant inroads in electronics assembly, with sewing trades - traditionally many countries' first entry point to the global trading system - likely to come next.
- Excess
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- Nov 07, 2020
In economies with excess productive capacity, targeted investment can yield a double benefit, generating short-run demand and boosting growth and productivity thereafter.
- Creating
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- Nov 07, 2020
China's continued growth and rising household income are creating opportunities for lower-income economies in low-cost manufacturing.
- Future
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- Nov 07, 2020
Developing economies may not have much control over the headwinds that they face today, but that does not mean that they are powerless. Much can be done not just to sustain moderate growth but also to secure a more prosperous and resilient future.
- Enough
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- Nov 07, 2020
A global economy that is levering up, while unable to generate enough aggregate demand to achieve potential growth, is on a risky path.
- Financial
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- Nov 07, 2020
There is no question that the recovery from the global recession triggered by the 2008 financial crisis has been unusually lengthy and anemic.
- Never
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- Nov 07, 2020
Monetary policy should never have been expected to shift economies to a sustainably higher growth trajectory by itself.
- High
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- Nov 07, 2020
For highly indebted governments, low interest rates are critical to keep debt levels sustainable and ease pressure to restructure debt and recapitalize banks. The shift to a high sovereign-debt-yield equilibrium would make it impossible to achieve fiscal balance.
- Important
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- Nov 07, 2020
Next to my family, it seems clear to me that the educational institutions and the teachers from whom I had the privilege of learning were especially important.
- Process
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- Nov 07, 2020
Productivity gains are vital to long-term growth because they typically translate into higher incomes, in turn boosting demand. That process takes time, of course - especially if, say, the initial recipients of increased income already have a high savings rate.
- Growth
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- Nov 07, 2020