Craig Werner's Reviews > The Next Convergence: The Future of Economic Growth in a Multispeed World

The Next Convergence by Michael Spence
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's review
Aug 07, 12

Read from August 19, 2011 to August 07, 2012

Spence is optimistic about the future of the global economy, predicting a narrowing of the gap between wealthy and developing nations.

He didn't convince me. The primary reason is that his extrapolations are based on the premise of continued growth, which is almost impossible to envision without cataclysmic environmental consequences. Spence gives lip service to the issue, but never really engages it, falling back on expectations of greater cooperation and technological development.

I hope he's right, but I doubt it.

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