Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Michael Spence
How AI is reshaping global labour markets, and why universities must adapt
By Dr Michael Spence India, like the UK and countries around the world, is adding millions of graduates each year into a global labour market already grappling with employability gaps. The India Skills Report 2025 showed 54.81% of graduates are employable at industry standards, which is broadly in line with global trends. Yet AI continues disrupting and reshaping roles at speed.
Don’t mess up London’s knowledge economy
The writer is president and provost of University College London In north London’s Knowledge Quarter, you pass Google DeepMind, the...
UK-India emerging tech partnership: Why it matters in 2026
Dr Michael Spence AC “We must usher in the age of reason, of cooperation, of a generous reciprocity of culture which will reveal the richness of our common humanity,” Rabindranath Tagore, a UCL alumnus, once said. The next phase of technological leadership will not be decided by countries acting alone, but will be shaped by cross-border systems that combine talent, capital and real-world deployment at scale.
La revolución económica de la inteligencia artificial: ¿Puede la inteligencia artificial revertir la desaceleración productiva?
IdiomacatalàDeutschEnglishespañoleuskarafrançaisgalegoitalianoportuguêsromână
Big-Leaf Maple | The Hudson Review
I should have died at home: that’s what I’d planned— In the big bedroom I had my husband extend Over the rockery in the backyard. That was his main project when he retired: Turning our house into the perfect place We’d talked about. Panels of sloping glass Let me look up into the big-leaf maple— […]
Ovisnost o jednom izvoru bilo čega može stvoriti točku ranjivosti
Iransko učinkovito zatvaranje Hormuškog tjesnaca, kroz koji prolazi oko petina svjetske nafte i četvrtina gnojiva, naglasilo je dobro poznatu ranjivost našeg složenog i umreženog globalnog gospodarstva: jedna točka ranjivosti može stvoriti goleme i skupe poremećaje. Ipak, takve točke ranjivosti množe se desetljećima. Globalni trgovinski tokovi teku kroz niz drugih kritičnih prolaza, koji bi također mogli postati uskim grlima koja uzrokuju poremećaje.
The Global Economy’s Many Chokepoints
But diversification comes with trade-offs, as the advanced-semiconductor sector is likely to learn. A single Dutch company, ASML, produces all the extreme ultraviolet lithography equipment required to produce the most advanced semiconductors, and only two companies, Taiwan’s TSMC and South Korea’s Samsung, have the capabilities to produce 2-nanometer semiconductors. Given the obvious vulnerabilities this creates, governments are now promoting diversification.
Los numerosos cuellos de botella de la economía global
No hay más artículos para escuchar El cierre efectivo del estrecho de Ormuz por parte de Irán, por donde transita aproximadamente una quinta parte del petróleo mundial y una cuarta parte de sus fertilizantes, ha puesto de manifiesto una vulnerabilidad bien conocida de nuestra compleja economía global interconectada: un único punto de fallo puede provocar interrupciones masivas y costosas. Sin embargo, estos puntos de fallo se han ido multiplicando durante décadas.
Global economic chokepoints grow at cost of resilience
Iran's effective closure of the Strait of Hormuz, through which about a fifth of the world's oil and a quarter of its fertilizer passes, has highlighted a well-known vulnerability of our complex networked global economy: a single point of failure can create massive and costly disruptions. Yet such points of failure have been proliferating for decades. Global trade flows through a number of other critical passages, which could also become disruptive bottlenecks.
The Global Economy's Many Chokepoints
Iran’s effective closure of the Strait of Hormuz, through which about a fifth of the world’s oil and a quarter of its fertilizer passes, has highlighted a well-known vulnerability of our complex networked global economy: a single point of failure can create massive and costly disruptions. Yet such points of failure have been proliferating for decades. Global trade flows through a number of other critical passages, which could also become disruptive bottlenecks.
The Global Economy’s Many Chokepoints
In a highly decentralized and competitive network, investors are incentivized to optimize for efficiency rather than for resilience. This dynamic has produced a highly fragile global economy, owing to single points of failure that extend far beyond geographical bottlenecks like the Strait of Hormuz.
Can the global economy cope with growing chokepoints?
Iran’s effective closure of the Strait of Hormuz, through which about a fifth of the world’s oil and a quarter of its fertilizer passes, has highlighted a well-known vulnerability of our complex networked global economy: a single point of failure can create massive and costly disruptions. Yet such points of failure have been proliferating for decades. Global trade flows through a number of other critical passages, which could also become disruptive bottlenecks.
The Global Economy’s Many Chokepoints
en English Economics Mar 27, 2026 In a highly decentralized and competitive network, investors are incentivized to optimize for efficiency rather than for resilience. This dynamic has produced a highly fragile global economy, owing to single points of failure that extend far beyond geographical bottlenecks like the Strait of Hormuz.
Quais os resultados dos investimentos de impacto, com objetivos ambientais e sociais?
MILÃO – Na segunda edição do seu livro de 2020, “IMPACT: Reshaping Capitalism to Drive Real Change” (Matrix Editora, 2022), o investidor de capital de risco Sir Ronald Cohen aprofunda sua análise sobre o aumento do investimento de impacto, destacando áreas em que objetivos ambientais e sociais foram integrados nas decisões de investimento e negócios. Estamos à beira de uma “revolução de impacto”?
El impacto de la inversión de impacto
No hay más artículos para escuchar En la segunda edición de su libro de 2020, IMPACT: Reshaping Capitalism to Drive Real Change, el inversor de capital riesgo Sir Ronald Cohen amplía su análisis del auge de la inversión de impacto, destacando áreas donde los objetivos ambientales y sociales se han integrado en las decisiones de inversión y negocios. ¿Estamos al borde de una “revolución del impacto”?
Are profit, purpose becoming mutually reinforcing?
In the second edition of his 2020 book, "Impact: Reshaping Capitalism to Drive Real Change", venture capitalist Sir Ronald Cohen expands on his analysis of the rise of impact investing, highlighting areas where environmental and social objectives have been integrated into investment and business decisions. Are we on the brink of an "impact revolution"?
El impacto de la inversión de impacto
En la segunda edición de su libro de 2020, IMPACT: Reshaping Capitalism to Drive Real Change (IMPACTO: transformar el capitalismo para lograr el cambio), el inversor de capital riesgo Sir Ronald Cohen amplía su análisis sobre el auge de la inversión de impacto, destacando las áreas en las que se han integrado los objetivos ambientales y sociales en las decisiones de inversión y empresariales. ¿Estamos al borde de una “revolución de impacto”?
The Impact Of Impact Investing
In the second edition of his 2020 book, IMPACT: Reshaping Capitalism to Drive Real Change, venture capitalist Sir Ronald Cohen expands on his analysis of the rise of impact investing, highlighting areas where environmental and social objectives have been integrated into investment and business decisions. Are we on the brink of an “impact revolution”?
The Impact of Impact Investing
Smith Collection/Gado via Getty Images en English Economics As a venture-capital pioneer and co-founder of Apax Partners, Sir Ronald Cohen experienced firsthand the emergence of an investment framework based on rigorously measured risk and return. How plausible is Cohen's claim that a new revolution is underway, one which adds social, environmental, or development outcomes to the equation?
Unleashing AI’s Real Power
MyHoover delivers a personalized experience at Hoover.org. In a few easy steps, create an account and receive the most recent analysis from Hoover fellows tailored to your specific policy interests. Watch this video for an overview of MyHoover. Create Account
The AI diffusion challenge
MILAN — The development of increasingly powerful models is central to the unfolding AI revolution. But this revolution has a second, equally important component: the adaptation and adoption of AI models across the economy, both to lower the cost of existing products and services, and to create new or improved products and services capable of advancing economic and social development.
El desafío de la difusión de la IA
El desarrollo de modelos cada vez más potentes es fundamental para la revolución de la IA que se está produciendo. Pero esta revolución tiene un segundo componente igualmente importante: la adaptación y adopción de modelos de IA en toda la economía, tanto para reducir el costo de los productos y servicios existentes como para crear productos y servicios nuevos o mejorados capaces de impulsar el desarrollo económico y social.
Why has AI diffusion been uneven so far?
The development of increasingly powerful models is central to the unfolding AI revolution. But this revolution has a second, equally important component: the adaptation and adoption of AI models across the economy, both to lower the cost of existing products and services, and to create new or improved products and services capable of advancing economic and social development.
El reto pendiente de difundir la Inteligencia Artificial en toda la economía
El desarrollo de modelos cada vez más potentes es fundamental para la revolución de la IA que se desarrolla. Pero esta revolución tiene un segundo componente, igualmente importante: la adaptación y adopción de modelos de IA en toda la economía, tanto para reducir el coste de los productos y servicios existentes como para crear productos y servicios nuevos o mejorados capaces de impulsar el desarrollo económico y social.
El desafío de la difusión de la IA
No hay más artículos para escuchar El desarrollo de modelos cada vez más potentes es fundamental para la revolución de la IA en desarrollo. Pero esta revolución tiene un segundo componente igualmente importante: la adaptación y adopción de modelos de IA en toda la economía, tanto para reducir el coste de los productos y servicios existentes como para crear productos y servicios nuevos o mejorados capaces de impulsar el desarrollo económico y social.
Unleashing AI's real power
TechTalk / Treasury & Capital Markets / Viewpoint Unleashing AI's real power AI hype is at a peak, but who is right - the optimists betting on a boom or the pessimists predicting a bust? The answer lies not in developing the technology further, but in applying it more widely The development of increasingly powerful models is central to the unfolding AI revolution.
Budućnost AI-ja ne ovisi o modelima, nego o njihovoj primjeni
Razvoj sve moćnijih modela u središtu je AI revolucije koja se odvija pred našim očima. No, ta revolucija ima i drugu, jednako važnu komponentu: prilagodbu i primjenu AI modela u čitavom gospodarstvu, kako bi se smanjili troškovi postojećih proizvoda i usluga te stvorili novi ili poboljšani proizvodi i usluge sposobni potaknuti gospodarski i društveni razvoj. Dok se razvoj modela uglavnom odvija u Sjedinjenim Državama i Kini, njihovo širenje može i mora se događati posvuda.
The AI Diffusion Challenge
en English Innovation While investors seem, by and large, to be betting on a massive payoff from today's AI spending, some predict that the technology will fall short of expectations, leading to a bust. Who turns out to be right will depend far more on diffusion than on frontier development. MILAN – The development of increasingly powerful models is central to the unfolding AI revolution.
UCL President: Universities must show they bring benefits to everyone, locally and nationally
© 2025 Tolerance.ca ® Inc. All reproduction rights reserved. All information reproduced on the Web pages of www.tolerance.ca (including articles, images, photographs, and logos) is protected by intellectual property rights owned by Tolerance.ca ® Inc. or, in certain cases, by its author. Any reproduction of the information for use other than personal use is prohibited.
UCL President: Universities must show they bring benefits to everyone, locally and nationally Original
Editor’s note: The Conversation’s operation in the UK is based at UCL in London, where around half of the 25-strong editorial team have desks. It is a physical representation of our integrated position within the institution and the UK Higher Education sector. We were founded in the UK in 2013, to channel research-based knowledge to the wider public. More than 70 UK institutions are now members of the project, along with 13 worldwide.
Why Emerging Economies Are Embracing AI
Surveys show that emerging economies’ populations are not only well aware of the opportunities AI creates, but also more optimistic about the technology than advanced-economy populations. They might not lead the way in building AI models, but they can use the technology to advance their economic- and social-development goals. MILAN – During a recent trip to Kazakhstan, I was struck by people’s enthusiasm for AI.
Why emerging economies are embracing AI
MILAN – During a recent trip to Kazakhstan, I was struck by people’s enthusiasm for AI. Virtually everyone I encountered – including academics, policymakers, and entrepreneurs – seemed convinced that the technology will help solve thorny challenges, from diversifying the economy away from dependence on natural resources to expanding access to critical services, particularly for remote populations.
¿Por qué las economías emergentes están adoptando la IA?
Durante un viaje reciente a Kazajistán, me sorprendió el entusiasmo de la gente por la IA. Prácticamente todas las personas con las que hablé —académicos, políticos y emprendedores— parecían convencidas de que esta tecnología ayudará a resolver complejos desafíos, desde diversificar la economía para reducir la dependencia de los recursos naturales hasta ampliar el acceso a servicios esenciales, sobre todo para las poblaciones remotas.
Emerging economies optimistically embracing AI
Emerging economies optimistically embracing AI Surveys show that emerging economies' populations are not only well aware of the opportunities AI creates, but also more optimistic about the technology than advanced economy populations. They might not lead the way in building AI models, but they can use the technology to advance their economic and social development goals During a recent trip to Kazakhstan, I was struck by people's enthusiasm for artificial intelligence ( AI ).
Emerging economies optimistically embracing AI
Emerging economies optimistically embracing AI Surveys show that emerging economies' populations are not only well aware of the opportunities AI creates, but also more optimistic about the technology than advanced economy populations. They might not lead the way in building AI models, but they can use the technology to advance their economic and social development goals During a recent trip to Kazakhstan, I was struck by people's enthusiasm for artificial intelligence ( AI ).
Why emerging economies are embracing AI
MILAN, Italy — During a recent trip to Kazakhstan, I was struck by people’s enthusiasm for artificial intelligence (AI). Virtually everyone I encountered — including academics, policymakers and entrepreneurs — seemed convinced that the technology will help solve thorny challenges, from diversifying the economy away from dependence on natural resources to expanding access to critical services, particularly for remote populations.
Why Emerging Economies Are Embracing AI
During a recent trip to Kazakhstan, I was struck by people’s enthusiasm for AI. Virtually everyone I encountered – including academics, policymakers, and entrepreneurs – seemed convinced that the technology will help solve thorny challenges, from diversifying the economy away from dependence on natural resources to expanding access to critical services, particularly for remote populations.
Why emerging economies are embracing AI
Why emerging economies are embracing AI Short Url https://arab.news/gvjxn During a recent trip to Kazakhstan, I was struck by people’s enthusiasm for artificial intelligence. Virtually everyone I encountered — including academics, policymakers and entrepreneurs — seemed convinced that the technology will help solve thorny challenges, from diversifying the economy away from dependence on natural resources to expanding access to critical services, particularly for remote populations.
Emerging economies use the technology to advance their goals
During a recent trip to Kazakhstan, I was struck by people’s enthusiasm for AI. Virtually everyone I encountered – including academics, policymakers, and entrepreneurs – seemed convinced that the technology will help solve thorny challenges, from diversifying the economy away from dependence on natural resources to expanding access to critical services, particularly for remote populations.
Why Emerging Economies Are Embracing AI
en English Economics Surveys show that emerging economies’ populations are not only well aware of the opportunities AI creates, but also more optimistic about the technology than advanced-economy populations. They might not lead the way in building AI models, but they can use the technology to advance their economic- and social-development goals. MILAN – During a recent trip to Kazakhstan, I was struck by people’s enthusiasm for AI.
Lo que Adam Smith nos enseña de la economía actual
El año que viene se cumplirá el 250 aniversario de la ratificación de la Declaración de Independencia, el documento fundacional de Estados Unidos. Pero otro documento fundacional, fundamental para nuestra comprensión de la economía, alcanzará el mismo hito en 2026: La riqueza de las naciones, de Adam Smith. En una época de rápidas transformaciones económicas y estructurales, vale la pena revisar sus ideas. Se destacan dos.
Zašto bi bilo korisno ponovno razmotriti uvide Adama Smitha
I gotovo 250 godina nakon što ga je Smith uveo ostaje ključna značajka naših gospodarstava. Iduće godine obilježit će se 250. obljetnica ratifikacije Deklaracije o nezavisnosti, osnivačkog dokumenta Sjedinjenih Američkih Država. Međutim, još jedan temeljni dokument, ključan za naše razumijevanje ekonomije, dosegnut će istu prekretnicu 2026. godine: “Bogatstvo naroda” Adama Smitha. U vrijeme brze gospodarske i strukturne transformacije vrijedi ponovno razmotriti uvide koje pruža. Dva se ističu.
In a world of growing divisions, can we disagree well?
As polarization grows and trust in institutions declines, teaching people how to “disagree well” is necessary for solving societal problems. To disagree well, individuals must approach dialogue with an open mind and a genuine willingness to understand others’ perspectives. Institutions, such as universities, must create environments where disagreement is welcomed, structured and productive. In a world of growing divisions, how can we learn to disagree well?
Adam Smith at 250
Next year will mark the 250th anniversary of the ratification of the Declaration of Independence, the founding document of the United States. But another foundational document, fundamental to our understanding of economics, will reach the same milestone in 2026: Adam Smith’s The Wealth of Nations. At a time of rapid economic and structural transformation, its insights are worth revisiting. Two stand out.
Adam Smith a los 250 años
El próximo año se cumplirá el 250º aniversario de la ratificación de la Declaración de Independencia, el documento fundacional de los Estados Unidos. Pero otro documento fundamental, esencial para nuestra comprensión de la economía, alcanzará el mismo hito en 2026: La riqueza de las naciones de Adam Smith. En un momento de rápida transformación económica y estructural, sus ideas merecen ser revisitadas. Destacan dos ideas.
Adam Smith a los 250 años
El próximo año se cumplirá el 250º aniversario de la ratificación de la Declaración de Independencia, el documento fundacional de los Estados Unidos. Pero otro documento fundamental, esencial para nuestra comprensión de la economía, alcanzará el mismo hito en 2026: La riqueza de las naciones de Adam Smith. En un momento de rápida transformación económica y estructural, sus ideas merecen ser revisitadas. Destacan dos ideas.
Adam Smith 250 years later
Next year will mark the 250th anniversary of the ratification of the Declaration of Independence, the founding document of the United States. But another foundational document, fundamental to our understanding of economics, will reach the same milestone in 2026: Adam Smith’s The Wealth of Nations. At a time of rapid economic and structural transformation, its insights are worth revisiting. Two stand out.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Michael
Contact Michael, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack