Articles by Michael Spence

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The Inexorable Logic of Sharing Economy
Michael Spence, Nobel Economics Laureate – China Daily, 19 Oct 2015

The truth is that the Internet-led process of exploiting under-utilized resources-be they physical and financial capital or human capital and talent-is both unstoppable and accelerating. Indeed, those who fear the job-destroying and job-shifting power of automation should look upon the sharing economy and breathe a bit of a sigh of relief.

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