Phrase by 'Michael Spence'
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Actions aimed at supporting deleveraging and balance-sheet repair - such as recognizing losses, writing down assets, and recapitalizing banks - carry longer-term benefits but short-term costs.
Author: Michael Spence - American EconomistWriting , Down , Carry , Repair
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.
Author: Michael Spence - American EconomistNext , First , System , Electronics
In economies with excess productive capacity, targeted investment can yield a double benefit, generating short-run demand and boosting growth and productivity thereafter.
Author: Michael Spence - American EconomistCapacity , Growth , Demand , Investment
China's continued growth and rising household income are creating opportunities for lower-income economies in low-cost manufacturing.
Author: Michael Spence - American EconomistGrowth , China , Opportunities , Rising
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.
Author: Michael Spence - American EconomistToday , Future , Face , Growth
A global economy that is levering up, while unable to generate enough aggregate demand to achieve potential growth, is on a risky path.
Author: Michael Spence - American EconomistEnough , Path , Achieve , Growth
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