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Stephen S. Roach

Stephen S. Roach

Writing for PS since 2011
148 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. The Sino-American Tech Trap
    roach149_ZHONG MIN Feature ChinaFuture Publishing via Getty Images_china tech ZHONG MIN/ Feature China/Future Publishing via Getty Images

    The Sino-American Tech Trap

    Jan 24, 2023 Stephen S. Roach warns that relying on export restrictions without boosting R&D spending is a losing formula for the US.

  2. A China Optimist’s Lament
    roach148_ JOHANNES EISELEAFP via Getty Images_chinashanghai Johannes Eisele/AFP via Getty Images

    A China Optimist’s Lament

    Dec 22, 2022 Stephen S. Roach used to tout the world's greatest growth story, until the political economy of autocracy spoiled the plot.

  3. A Missed Opportunity in Bali
    roach147_SAUL LOEBAFP via Getty Images_bidenxi Saul Loeb/AFP via Getty Images

    A Missed Opportunity in Bali

    Nov 28, 2022 Stephen S. Roach explains why the Biden-Xi summit yielded little more than lofty rhetoric – and proposes a new approach.

  4. Stephen S. Roach on US monetary tightening, China’s growth sacrifice, the Sino-American rivalry, and more
    GettyImages-1139133621

    Stephen S. Roach on US monetary tightening, China’s growth sacrifice, the Sino-American rivalry, and more

    Nov 1, 2022 Stephen S. Roach says the US Federal Reserve remains mired in the quicksand of excessive monetary accommodation, warns the Communist Party of China against “premature overreach,” proposes a three-pronged strategy for easing Sino-American tensions, and more.

  5. Xi’s Conflict-Prone China
    roach145_Lintao ZhangGetty Images_xi jinping standing committee Lintao Zhang/Getty Images

    Xi’s Conflict-Prone China

    Oct 24, 2022 Stephen S. Roach writes that the 20th Party Congress confirmed that national security will take precedence over economic growth.

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  1. velasco133_sUSAN WALSHPOOLAFP via Getty Images_bidenvonderleyen Susan Walsh/Pool/AFP via Getty Images

    A Subsidy War Without Winners

    Andrés Velasco calls on policymakers to avoid petty conflicts and work together to encourage green investments.
  2. taniguchi1_Tomohiro OhsumiGetty Images_abemilitary Tomohiro Ohsumi/Getty Images

    Japan’s New Security Posture Is Abe’s Legacy

    Taniguchi Tomohiko explains how the government’s ambitious defense agenda expands on the late prime minister’s ideas.
  3. mazzucato50_Andrea BonettiGreek Prime Minister's Office via Getty Images_popefrancis Andrea Bonetti/Greek Prime Minister's Office via Getty Images

    For the Common Good

    Mariana Mazzucato outlines a new governance model for ensuring a fairer distribution of agency, risk, and reward.
  4. lopes12_PIUS UTOMI EKPEIAFP via Getty Images_fossil fuel worker PIUS UTOMI EKPEI/AFP via Getty Images

    Helping Middle-Income Energy Exporters Kick the Fossil-Fuel Habit

    Carlos Lopes explains what it will take for resource-rich economies to diversify and develop new revenue sources.
  5. op_boccaletti3_Michele LapiniGetty Images_italyflood

    The New European Frontier

    Giulio Boccaletti

    Given this summer's climate-driven disasters, one might think that the European political system would be devising comprehensive adaptation plans. But, despite some steps in the right direction, Europeans are only just waking up to the constitutional implications of a changing physical environment.

    thinks a changing climate will force the European Union finally to embrace its political nature.
  6. james200_Sean GladwellGetty Images_worldconnection Sean Gladwell/Getty Images

    The Poverty of Anti-Capitalism

    Harold James considers recent arguments against markets, globalization, and growth, finding them to be deeply flawed.
  7. stiglitz314_ Drew AngererGetty Images_jeromepowell Drew Angerer/Getty Images

    How Not to Fight Inflation

    Joseph E. Stiglitz sees little upside and much downside to further monetary-policy tightening by the US Federal Reserve.
  8. slaughter95_Ritesh ShuklaGetty Images_modi Ritesh Shukla/Getty Images

    Who Is Part of the Free World?

    Anne-Marie Slaughter urges US President Joe Biden to abandon a phrase that is better left in the twentieth century.
  9. wagner16_ Leon NealGetty Images_nuclear fusion FREDERIC J. BROWN/AFP via Getty Images

    Realism About Techno-Optimism

    Gernot Wagner laments that public debate about climate solutions is long on political grandstanding and short on nuance.

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