Nobel Laureate Michael Spence is a world authority on growth in developing countries and on the convergence between advanced and developing economies. He is a professor of economics at the Stern School of Business at New York University, Professor Emeritus of Management in the Graduate School of Business at Stanford University, a Senior Fellow of the Hoover Institution and a Distinguished Visiting Fellow at the Council on Foreign Relations. Prof Spence has also served as Dean of the Faculty of Arts and Sciences at Harvard and the Dean of the Stanford Business School. He serves on the board of a number of private and public companies and is a Senior Adviser to Jasper Ridge Partners. Prof Spence is a former Chairman of the Commission on Growth and Development. In 2001, he received the Nobel Prize in Economics for work that assessed how markets try to close informational gap. He has published widely and is the author of several books and numerous articles and papers. He has a BA in Philosophy from Princeton University, a BA/MA in Mathematics from Oxford University and a PhD from Harvard University.