Recent commentaries

Language:

Please note that articles not available in your chosen language are displayed in English. Articles available in your chosen language feature a flag in the top left corner of the accompanying image.

  • Newsart for China on the Move

    China on the Move

    BEIJING – The debate is over. After six years of weighing the options, China is now firmly committed to implementing a new growth strategy. …

  • Newsart for China’s Dream Team

    China’s Dream Team

    NEW HAVEN – China’s recent leadership transition was widely depicted as a triumph for conservative hard-liners and a setback for the cause o…

  • Newsart for Macro Malpractice

    Macro Malpractice

    NEW HAVEN – The wrong medicine is being applied to America’s economy. Having misdiagnosed the ailment, policymakers have prescribed untested…

  • Newsart for China is Okay

    China is Okay

    NEW HAVEN – Concern is growing that China’s economy could be headed for a hard landing. The Chinese stock market has fallen 20% over the pas…

  • Newsart for America’s Other 30%

    America’s Other 30%

    NEW HAVEN – The American consumer is but a shadow of its former almighty self. Personal consumption in the United States expanded at only a …

Show more

Stephen S. Roach: The Asia Portfolio

Is the “Asian” economic model of mercantilism and industrial policy, written off in the 1990’s, making a comeback? Will surging inflation in China help or undermine its leaders’ efforts to move away from export-led growth? Can India keep up with its giant neighbor to the North-East? Does Asia’s rise mean that the United States and Europe must inevitably decline? Are Indonesia, Vietnam, and Bangladesh the next big global players? Can Asia’s multinational family-business dynasties continue to prosper?

The late American politician Hubert Humphrey once said that, “Asia is rich in people, rich in culture, and rich in resources. It is also rich in trouble.” But now, more than ever, Asia’s troubles – and its assets – have gone global. Its over and under-valued currencies, intense regional rivalries, and strategic uncertainties, no less than its dynamism and robust growth, have a powerful impact on economic outcomes from Africa to Argentina. Both Asia and its global role are in a state of flux, which implies risks as well as rewards for the rest of the world.

No one knows that better than Stephen S. Roach, Chairman of Morgan Stanley Asia and lecturer at Yale University’s School of Management and its Jackson Institute for Global Affairs. In his previous position as Morgan Stanley’s longtime Chief Economist, Stephen S. Roach became one of Wall Street’s most influential voices. Now among its most important analysts of Asia’s future, Roach's views have helped shape the thinking of policymakers throughout the region.

InThe Asia Portfolio, written exclusively for Project Syndicate, Stephen Roach examines in all their complexity the many factors – political, cultural, environmental, and historical – underlying Asia’s economic prospects and global impact. Neither a pessimist nor an optimist, Stephen Roach writes from the nuanced, realistic perspective of one who cannot afford to get it wrong.

Show more

Stephen S. Roach

Stephen S. Roach was Chairman of Morgan Stanley Asia and the firm's Chief Economist, and currently is a senior fellow at Yale University’s Jackson Institute of Global Affairs and a senior lecturer at Yale’s School of Management. His most recent book is The Next Asia.

Further Offers

Videos

Project Syndicate produces video interviews with regular and featured authors, conducted by the editors of Project Syndicate. In these lively interviews, Project Syndicate contributors expand upon their ideas and analyses, and on the events and trends that their commentaries address. These pithy, compelling discussions are the perfect way to enhance the impact of commentaries that you receive from Project Syndicate.

Podcasts

Complimentary English-language podcasts are provided with the majority of our commentaries. Podcasts are a stimulating complement to Project Syndicate content, and an easy means of integrating a popular media platform into your offerings.

Newsart

Project Syndicate works with NewsArt, a collective of artists who create graphics that wittily allude to the topics addressed in the commentaries that they accompany. These inventive representations of the controversies and events of the day provide eye-catching counterparts to the news that you report.

 

With each column that we distribute, we offer a selection of NewsArt graphics that are available for immediate purchase with a simple click of your mouse. You may then use those images alongside Project Syndicate commentaries, or as a means of enhancing your own content.