Skip to main content

Stephen S. Roach

Stephen S. Roach

Writing for PS since 2011
154 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).

Sort by: Show:
  1. US-China Decoupling by the Numbers
    roach155_Justin SullivanGetty Images_us china trade war Justin Sullivan/Getty Images

    US-China Decoupling by the Numbers

    Jul 26, 2023 Stephen S. Roach warns that targeted bilateral actions will not resolve, and could worsen, America’s outsize trade deficit.

  2. The Wrong Way to Manage US-China Relations
    roach154_LEAH MILLISPOOLAFP via Getty Images_blinkenxi Leah Millis/Pool/AFP via Getty Images

    The Wrong Way to Manage US-China Relations

    Jun 27, 2023 Stephen S. Roach warns that relying on a personalized approach to diplomacy will undermine efforts at conflict resolution.

  3. The AI Moment of Truth for Chinese Censorship
    roach153_GettyImages-AIcensorship Getty Images

    The AI Moment of Truth for Chinese Censorship

    May 24, 2023 Stephen S. Roach thinks the country is poorly positioned to capitalize on recent advances with large language models.

  4. The Economic Costs of America’s Conflict with China
    roach152_Anna MoneymakerGetty Images_janetyellen Anna Moneymaker/Getty Images

    The Economic Costs of America’s Conflict with China

    Apr 24, 2023 Stephen S. Roach highlights new research calculating output losses resulting from both sides' emphasis on national security.

  5. How China Benefits from Another US Banking Crisis
    roach151_ TIMOTHY A. CLARYAFP via Getty Images)_svb collapse TIMOTHY A. CLARY/AFP via Getty Images)

    How China Benefits from Another US Banking Crisis

    Mar 24, 2023 Stephen S. Roach thinks America’s latest financial trouble will reinforce a narrative of terminal national decline.

Follow Stephen S. Roach

Never miss a commentary by Stephen S. Roach

  1. rajan84_Alex WongGetty Images_mmt Alex Wong/Getty Images

    The Populist Advantage

    Raghuram G. Rajan explains why so many previously discredited economic policies have become easier to sell to the public.
  2. fofack19_BRICS  HandoutAnadolu Agency via Getty Images_BRICS BRICS Handout/Anadolu Agency via Getty Images

    The BRICS Come of Age

    Hippolyte Fofack looks beyond the group’s next summit and sees an enlarged membership that could accelerate de-dollarization.
  3. sonin6_Mikhail SvetlovGetty Images_aven fridman Mikhail Svetlov/Getty Images

    Sympathy for the Oligarch

    Konstantin Sonin laments the sanctioning of two pioneers of Russia’s market economy, Petr Aven and Mikhail Fridman.
  4. bq - trump indictment Photo by OLIVIER DOULIERY/AFP via Getty Images

    Will Donald Trump’s Indictments Have Economic Consequences?

    Reactions to Donald Trump’s criminal indictments have tended to focus on the implications for US democracy, and for good reason. But with George Soros warning that the cases against Trump could trigger a constitutional crisis, we asked PS commentators to assess the possible economic repercussions.

  5. op_yhuang1_DALE DE LA REYAFP via Getty Images_hongkongstockexchange Dale de la Rey/AFP via Getty Images

    How to Kill Chinese Dynamism

    Yasheng Huang

    Having fundamentally misunderstood its own economic "miracle," China will soon feel the effect of no longer being able to outsource the rule of law and the other basic ingredients of innovation-driven growth. Where Hong Kong once performed these core functions, now the territory – and Chinese entrepreneurship – is increasingly constrained.

    thinks many have underestimated the key role that Hong Kong previously played in the country's growth story.
  6. rogoff240_ CFOTOFuture Publishing via Getty Images_country garden CFOTO/Future Publishing via Getty Images

    The Debt Supercycle Comes to China

    Kenneth Rogoff argues that the theory seems to offer the best explanation for the Chinese economy’s current slowdown.
  7. brown98_Yui Mok - WPA PoolGetty Images_uk immigration Yui Mok - WPA PoolGetty Images

    British Conservatives’ Contempt for Human Rights

    Gordon Brown condemns the party’s attacks on – and clamor for withdrawal from – the European Convention on Human Rights.
  8. elerian159_ Kevin DietschGetty Images_fed Kevin Dietsch/Getty Images

    Simplifying a Complicated Global Economy

    Mohamed A. El-Erian thinks much will depend ultimately on the US Federal Reserve’s performance over the next six months.
  9. galbraith27_ HECTOR RETAMALAFP via Getty Images_china economy HECTOR RETAMAL/AFP via Getty Images

    America’s “New” China Narrative

    James K. Galbraith thinks the current US conventional wisdom misses the point and is being driven by ulterior motives.

Edit Newsletter Preferences

Set up Notification

To receive email updates regarding this {entity_type}, please enter your email below.

If you are not already registered, this will create a PS account for you. You should receive an activation email shortly.