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Stephen S. Roach

Stephen S. Roach

Writing for PS since 2011
169 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 Is Missing in America’s Election Debate
    op_nathan1_ GREG BAKERAFP via Getty Images_china uighur Greg Baker/AFP via Getty Images

    China Is Missing in America’s Election Debate

    Sep 25, 2024 Stephen S. Roach laments the US presidential candidates’ unwillingness to discuss constructive solutions to tough problems.

  2. Could Kamala Harris Be the Next Richard Nixon?
    roach169_Tom WilliamsCQ-Roll Call, Inc via Getty Images_harris Tom Williams/CQ-Roll Call, Inc via Getty Images 
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    Could Kamala Harris Be the Next Richard Nixon?

    Aug 19, 2024 Stephen S. Roach suggests that Tim Walz’s nuanced views on China could influence the Democratic nominee’s foreign policy.

  3. Don’t Be Fooled by China’s Third Plenum
    roach168_Lintao ZhangGetty Images_xijinping Lintao Zhang/Getty Images

    Don’t Be Fooled by China’s Third Plenum

    Jul 10, 2024 Stephen S. Roach reminds Western observers that the Chinese government's real priorities are very different from their own.

  4. The Defining Economic Issue of the US Election
    roach167_Mario TamaGetty Images_bidenprices Mario Tama/Getty Images

    The Defining Economic Issue of the US Election

    Jun 24, 2024 Stephen S. Roach argues that the high price level, not inflation, is weighing on voters ahead of the presidential election.

  5. The Dangerous Incoherence of US Trade Policy
    roach166_Kevin DietschGetty Images)_shipping Kevin Dietsch/Getty Images

    The Dangerous Incoherence of US Trade Policy

    May 28, 2024 Stephen S. Roach warns that America’s latest tariffs against China raise the risk of a catastrophic superpower conflict.

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  1. frankel165_CHRISTINE OLSSONTTTT NEWS AGENCYAFP via Getty Images_nobelwinners Christine Olsson/News Agency/AFP via Getty Images
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    What Causes Prosperity?

    Jeffrey Frankel shows how this year's Nobel Prize-winning economists tackled a once-insoluble problem.
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    Ukraine’s Post-Colonial Future

    Michael Ignatieff believes that what is at stake in the war with Russia is the fate of the last European imperialism.
  3. obstfeld6_Anthony KwanGetty Images_tariffs Michael M. Santiago/Getty Images
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    Donald Trump’s Tariffs Would Hurt US Workers and Businesses

    Maurice Obstfeld shows why targeting an overall reduction in imports would reduce America’s real wages and national income.
  4. kenewendo6_ LUIS TATOAFP via Getty Images_green energy africa LUIS TATO/AFP via Getty Images
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    Africa’s Green Future Starts with Debt Relief

    Bogolo Kenewendo & Patrick Njoroge propose large-scale relief to ensure that the continent’s countries can invest in climate action.
  5. james159_getty images-inflation Getty Images
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    Diane Coyle on economic progress, tech monopolies, artificial intelligence, and more

    Diane Coyle advocates a new public philosophy that rejects viewing “government” and “market” as opposites, explains why time-use data must shape technological development, warns that policymakers are devising AI regulation in a thick conceptual fog, and more.
  6. banga4_PATRICK FORTAFP via Getty Images_rainforest PATRICK FORT/AFP via Getty Images)
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    A New Paradigm for Standing Forests

    Ajay Banga, et al.

    While forest carbon markets have created new revenue streams, they usually reward only those countries, communities, or project developers who are focused on reducing their emissions from deforestation. Something more is needed to tie financial rewards to forests that aren’t under immediate threat.

     present a new mechanism to generate financial returns for countries that prevent deforestation.
  7. woods59_ Brandon BellGetty Images_labor Brandon Bell/Getty Images
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    Working-Class Antiheroes

    Ngaire Woods advocates using domestic labor legislation that supports unionization – not tariffs – to protect workers.
  8. op_brown2_TIERNEY CROSSAFP via Getty Images_IMFworldbank Tierney Cross/AFP via Getty Images
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    Toward a Fifth World Order

    Gordon Brown & Mohamed A. El-Erian

    Historically, massive revisions to the international system have come about only after a complete breakdown of the previous order. With today's global institutions sorely in need of reform, can the transition to a new order be achieved without incurring the costs and pain that such a breakdown would entail?

     explain why multilateral institutions urgently need to be reformed, and why the G20 is the right forum for it.
  9. kruger76_Justin SullivanGetty Images_shipping Justin Sullivan/Getty Images
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    US Tariffs Will Not Bring Back Jobs from China

    Michael R. Strain decries both parties’ reluctance to prepare Americans for the employment opportunities of today and tomorrow.

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