The Next Convergence: The Future of Economic Growth in a Multispeed World

(Farrar, Straus and Giroux) We are midway through a century of high and accelerating growth in the developing world and a new convergence with the advanced countries. This book explains what happened to cause this growth, and how the global economy will develop over the next 50 years. It also covers the unprecedented challenges in governance, international coordination, and ecological sustainability that come with these economic changes. Spence is a professor of economics at the Stern School of Business at New York University and winner of the 2001 Nobel Prize in Economic Sciences.