Faculty News

Nobel Laureate Prof. Michael Spence on the development of the BRIC economies

Excerpt from The Diplomat -- "As Nobel laureate Michael Spence has noted, the current era of economic growth is occurring in 'the third century of the Industrial Revolution.' Like the modernization of Europe and the United States during the 19th century, economic development in Brazil, India, and China has been powered by the prodigious use of fossil fuels."