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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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    Is Antitrust Enforcement Broken?

    Though antitrust enforcement has been gaining momentum on both sides of the Atlantic, a handful of private actors still wield extraordinary market power – and thus power over ordinary people’s lives. With some calling for more radical action, and others warning that reining in firms’ market power would be unhelpful and even harmful, we asked PS commentators what needs to be done.

  2. buberl1_ Nicolas EconomouNurPhoto via Getty Images_european commission Nicolas Economou/NurPhoto via Getty Images
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    Europe and the Polycrisis

    Thomas Buberl argues that safeguarding the EU’s future demands a fundamental institutional transformation by 2045.
  3. rodrik227_Si WeiVCG via Getty Images_china solar panels Si Wei/VCG via Getty Images
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    The Beggar-Thy-Neighbor Test

    Dani Rodrik explains how to steer international economic-policy debates toward what really matters.
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    Who Needs a New Economic Paradigm?

    Andrés Velasco asks what’s behind the ambition, on both the left and right, to promote a transformative vision of the field.
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    Is Capitalism Really the Cause of Global Inequality?

    Kenneth Rogoff thinks greater economic openness is key to tackling cross-country disparities and achieving sustainability.
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    The Key That Unlocks Cleantech Financing in Europe

    Craig Douglas urges EU leaders to borrow against future Emissions Trading System revenues to finance higher investment now.
  7. bremmer35_ANDREW CABALLERO-REYNOLDSAFP via Getty Images_biden zelensky ANDREW CABALLERO-REYNOLDS/AFP via Getty Images
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    Ukraine Needs Security Guarantees

    Ana Palacio views NATO as the only institution that can credibly safeguard the country’s sovereignty in the long term.
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    AI Is a Rare Bright Spot for Global Governance

    Ian Bremmer & Marietje Schaake

    A new Global Digital Compact rests on the insight that while AI can be a game-changing technology, managing its far-reaching potential requires a new global infrastructure and robust mechanisms to manage the risks. At a time when multilateralism is faltering, global cooperation remains possible.

     herald a new global compact that aims to manage the technology’s risks and unlock its potential.
  9. Renminbi bank notes Si Wei/Xinhua via ZUMA Wire
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    What US Interest-Rate Cuts Mean for China

    Andrew Sheng & Xiao Geng point out that the Federal Reserve’s monetary easing gives Chinese policymakers room to fight deflation.

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