By Micheal Spence     MILAN – The eighteenth-century British economist Adam Smith has long been revered as the founder of

By Michael Spence   MILAN – The eighteenth-century British economist Adam Smith has long been revered as the founder of modern

By Michael Spence   MILAN – For much of the post-World War II period, economic policy has focused on unemployment. The massive

By Michael Spence   MILAN – The global economy is undergoing very large structural shifts, driven by three megatrends. One is the