Nobel-winning economist Michael Spence spoke at the World Bank yesterday about how economic convergence between developing and developed countries has been a 100 year-old process, the first half of which is now over, with the global economy now facing significant strains, stresses and challenges. Find out from my interview with him why he thinks globalization and growing interdependence has outrun our governance institutions and learn about what he sees as the most important challenges ahead. The full lecture is also well worth a view.
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