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Thought Leader: Michael Spence
Nobel Laureate in Economic Sciences (2001) Michael Spence discusses his latest initiative, the Commission on Growth and Development, which has set out to tackle some of the world's 'wicked problems' by focusing on growth in developing nations. The Commission was brought together by a belief that the world's challenges - poverty, the environment, misunderstandings between nations, vast differences in living standards across countries - are best met in conditions of rising prosperity and expanding economic opportunities. He explains why the Commission is focusing on growth -- not because it is the final goal, but because it enables so many things that people care about: poverty reduction, productive employment, education, health and the opportunity to be creative.