The Next Convergence. The future of economic growth in a multispeed world. Michael Spence.
The Next Convergence. The future of economic growth in a multispeed world. Michael Spence. 2011. ISBN 9781429968713. The author is a Noble winner in economics and a well respected world economist He really looks at the differences of growth and hyper growth between developing and advanced economies. He clears away much of the useless dialoge and posturing among politicians and makes strong case for what has happened and what has to happen. Again we see that the US is not doing what it should to fix its own house in infrastructure, education and unemployment. Until it does it is acting as an anchor on its own and the world’s economies. After you read this clearly written book, you will understand much more what is going on and how countries are mis/behaving. He also reiterates much of the warnings that are found in Why Boomers Bail.
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