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Stephen S. Roach

Stephen S. Roach

Writing for PS since 2011
164 commentaries
1 videos & podcasts

Stephen S. Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia, is the author of Unbalanced: The Codependency of America and China (Yale University Press, 2014) and Accidental Conflict: America, China, and the Clash of False Narratives (Yale University Press, 2022).

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  1. China’s Rebalancing Imperative
    op_roach3_ Kevin FrayerGetty Images_china lagging consumption Kevin Frayer/Getty Images

    China’s Rebalancing Imperative

    Apr 19, 2024 Stephen S. Roach explains why the Chinese authorities should switch to a consumption- and productivity-led growth model.

  2. China Stifles Its Own Debate
    roach164_PEDRO PARDOPEDRO PARDOPOOLAFP via Getty Images_china development forum PEDRO PARDO/POOL/AFP via Getty Images

    China Stifles Its Own Debate

    Apr 12, 2024 Stephen S. Roach bemoans the transformation of the country’s most important platform for open dialogue into a schmooze-fest.

  3. American Sinophobia
    roach163_ROBERTO SCHMIDTAFP via Getty Images_mikegallagher Roberto Schmidt/AFP via Getty Images

    American Sinophobia

    Mar 27, 2024 Stephen S. Roach warns that fear has driven US policymakers to level a litany of unsubstantiated charges against China.

  4. The Drums of US-China Cyber War
    roach162_Kevin DietschGetty Images_christopherwray Kevin Dietsch/Getty Images

    The Drums of US-China Cyber War

    Feb 27, 2024 Stephen S. Roach worries that irrational Sinophobia has become America's new bipartisan political orthodoxy.

  5. China’s Imagination Deficit
    roach161_Tao ZhangGetty Images_china Tao Zhang/Getty Images

    China’s Imagination Deficit

    Jan 26, 2024 Stephen S. Roach warns that the government’s response to tough problems is being driven by stale tactics and ideology.

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  1. velasco147_Tomas CuestaGetty Images_argentinapesos Tomas Cuesta/Getty Images
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    Argentina’s Inflation Paradoxes

    Andrés Velasco asks whether President Javier Milei's administration can sustain its initial economic-policy successes.
  2. buruma213_Stephanie KeithGetty Images_palestine college Stephanie Keith/Getty Images)
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    The Privileged Gaza Protesters

    Ian Buruma argues that fear of losing rank could be driving students to demonstrate their intersectional bona fides.
  3. krueger54_ Anna MoneymakerGetty Images_CHIPS Anna Moneymaker/Getty Images
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    What Mission-Driven Government Means

    Mariana Mazzucato & Rainer Kattel correct common misconceptions about a particular form of state participation in the economy.
  4. haldar33_Sean GallupGetty Images for Burda Media_kahneman Sean Gallup/Getty Images for Burda Media
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    The Psychologist Who Convinced Economists that to Err Is Human

    Antara Haldar reflects on the pioneering work and legacy of one of the world’s most influential social scientists.
  5. bremmer29_Nathan HowardGetty Images_ukraine aid Nathan Howard/Getty Images
    Free to read
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    Will the Renewed US Support for Ukraine Be Enough?

    Ian Bremmer

    Sixteen months of congressional inaction in the United States has left Ukrainian forces exhausted and short on ammo. Although America has now finally enacted another package of financial and military aid, the best that the Ukrainians can hope for is another stalemate, rather than another major offensive against Russian lines.

     explains how an additional $61 billion in aid and arms will, and will not, change the course of the war.
  6. hamada64_Franck Robichon - PoolGetty Images_abe Franck Robichon/Pool/Getty Images
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    The Lasting Legacy of Abenomics

    Koichi Hamada highlights two important aspects of the late Japanese Prime Minister Abe Shinzō’s policy agenda.
  7. bollmohr2_ Dan KitwoodGetty Images_fetilizier Dan Kitwood/Getty Images
    Free to read
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    Fertilizers Will Not Fix Africa’s Food Crisis

    Silke Bollmohr & Harun Warui refute the idea that industrial inputs will increase yields and alleviate hunger on the continent.
  8. qian36_ Jens Kalaenepicture alliance via Getty Images_tiktok Jens Kalaene/picture alliance via Getty Images
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    What TikTok Got Wrong About America

    Nancy Qian thinks the company sealed its fate by aggressively interfering in the US political process.
  9. nye257_MARK SCHIEFELBEINPOOLAFP via Getty Images_blinkenxi Mark Schiefelbein/Pool/AFP via Getty Images
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    US-China Cooperation Remains Possible

    Joseph S. Nye, Jr.

    Although the US has abandoned its policy of engagement with China, the strategy of great-power competition that has replaced it does not preclude cooperation in some areas. A good analogy is a soccer match, where two teams battle fiercely but abide by certain rules and boundaries, kicking only the ball, rather than each other.

     identifies seven areas where the two countries can still work together toward mutually beneficial outcomes.

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