Michael Spence

Nobel Prize-Winning Economist Michael Spence discusses the permacrisis and broken approaches to growth, economic management, and governance. They explore the challenges faced by the global economy, increasing debt levels, policy mismatches, potential damage to balance sheets, and the transformative potential of digital transformation, biomedical science, and the energy transition.

In this podcast, Sonal Desai explains why Moody's cut to its US outlook is not important to holders of US debt. Michael Spence discusses the potential of generative AI as a digital assistant. Afsaneh Beschloss talks about China's climate investments. Melissa Kearney explains how to build a resilient economy.

Stock breakdown discussed with Mike Wilson, Mohamed El-Erian, Gordon Brown, and Michael Spence. They also talk about their book 'Permacrisis: A Plan to Fix a Fractured World' and the future of AI. Kathy Jones discusses higher rates impacting the economy. Debate on alternative options in the election and lack of representation for younger generations. Sheila Johnson talks about her memoir and challenges. Importance of balanced programming in black media.

Michael Spence, a Senior Fellow at the Hoover Institution and author, dives into the intricate dance of market signaling and its impact on economic growth. He discusses how AI will reshape development in the U.S. and beyond, and whether competing economies might surpass it. Spence highlights the evolution of economic theory, emphasizing cognitive diversity as a key to tackling global challenges. The conversation also touches on how education serves as a signaling tool and the shifting dynamics of technology in a fragmented global landscape.

Economists Mohamed El-Erian, Michael Spence, and Pranjul Bhandari discuss India's economy, covering topics like inflation dynamics, RBI strategies, budget analysis, FDI decline, services vs. manufacturing debate, and fiscal deficit challenges. Insights on GDP growth rates, global dynamics, and economic outlook for India provided.