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Michael Spence: Inclusive Growth=Stability

January 8, 2015

Occupy Wall Street movement quickly became a global phenomenon on the premise that the richest one percent controls nearly half of global wealth. (John Sommers II/Reuters/Corbis)

Strong economic growth helps keep people employed and healthy, but there’s a growing sense in many countries that only the wealthiest are reaping the benefits. Nobel laureate Michael Spence says inclusive growth is key to economic stability.

Michael Spence, Nobel Laureate and professor of economics at New York University