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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