Michael Spence
Economist
1943-11-07
Quotes by Michael Spence
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My mother was strong-willed, demanding, and very supportive all at the same time.
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Reforms aimed at increasing an economy's flexibility are always hard - and even more so at a time of weak growth - because they require eliminating protections for vested interests in the short term for the sake of greater long-term prosperity.
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On their own, tariff and trade barriers, if viewed as transitory negotiating tactics, will not significantly change global investment patterns or the structure of global supply chains and employment.
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