Michael Spence, a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University, discusses the U.S. economy, trade, emerging markets, and jobs on CNBC’s Squawk Box.

Since earning a doctorate in international relations from Oxford, author and journalist Claire Berlinski has lived and worked in Britain, Thailand, Laos, and France; she now lives in Istanbul. Her most recent book is There Is No Alternative: Why Margaret Thatcher Matters.