In this episode of the McKinsey Global Institute’s Forward Thinking podcast, co-host Janet Bush speaks with distinguished economist Michael Spence. He is professor of economics and dean emeritus at the Stanford Graduate School of Business, senior fellow at the Hoover Institution at Stanford, senior professor at SDA Bocconi, and Nobel laureate in Economic Sciences, 2001.

Spence reflects on some of the major shifts and challenges ahead, from rolling out vaccine programs in lower-income economies to tackling climate change. He answers questions like:
● Is the current fragility in supply chains a sign that something more fundamental is happening that could affect the course of globalization?
● Will new ways of working that emerged during the pandemic persist and, if so, what are the broader economic implications?
● Are you even more worried about rising inequality now than before the pandemic?
● Are you optimistic or pessimistic about COP26, the UN Climate Change Conference?
● Can you see a silver lining to this pandemic?

This conversation was recorded in September 2021. To read a transcript of this episode, visit: https://mck.co/MichaelSpence

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