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Stephen S. Roach

Stephen S. Roach

Writing for PS since 2011
164 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’s Rebalancing Imperative
    op_roach3_ Kevin FrayerGetty Images_china lagging consumption Kevin Frayer/Getty Images

    China’s Rebalancing Imperative

    Apr 19, 2024 Stephen S. Roach explains why the Chinese authorities should switch to a consumption- and productivity-led growth model.

  2. China Stifles Its Own Debate
    roach164_PEDRO PARDOPEDRO PARDOPOOLAFP via Getty Images_china development forum PEDRO PARDO/POOL/AFP via Getty Images

    China Stifles Its Own Debate

    Apr 12, 2024 Stephen S. Roach bemoans the transformation of the country’s most important platform for open dialogue into a schmooze-fest.

  3. American Sinophobia
    roach163_ROBERTO SCHMIDTAFP via Getty Images_mikegallagher Roberto Schmidt/AFP via Getty Images

    American Sinophobia

    Mar 27, 2024 Stephen S. Roach warns that fear has driven US policymakers to level a litany of unsubstantiated charges against China.

  4. The Drums of US-China Cyber War
    roach162_Kevin DietschGetty Images_christopherwray Kevin Dietsch/Getty Images

    The Drums of US-China Cyber War

    Feb 27, 2024 Stephen S. Roach worries that irrational Sinophobia has become America's new bipartisan political orthodoxy.

  5. China’s Imagination Deficit
    roach161_Tao ZhangGetty Images_china Tao Zhang/Getty Images

    China’s Imagination Deficit

    Jan 26, 2024 Stephen S. Roach warns that the government’s response to tough problems is being driven by stale tactics and ideology.

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  1. elerian167_Michael M. SantiagoGetty Images_nyse Michael M. Santiago/Getty Images

    Navigating Major Transitions in an Uncertain Economy

    Mohamed A. El-Erian explains how to recalibrate expectations in the face of yet another forecasting failure.
  2. brosda1_Matt CardyGetty Images_social media news Matt Cardy/Getty Images

    Must Democratizing the Media Be Bad for Democracy?

    Carsten Brosda proposes a strategy to defend the digital public square against manipulation and algorithmic distortion.
  3. mazzucato66_Soumyabrata RoyNurPhoto via Getty Images_IndiaUPI Soumyabrata Roy/NurPhoto via Getty Images

    Central Banks in a Cashless World

    Mariana Mazzucato & David Eaves explain why policymakers should become more involved in shaping or creating digital-payments infrastructure.
  4. nsofor9_ Zhu Huanan  CFOTOFuture Publishing via Getty Images_hpv vaccine Zhu Huanan / CFOTO/Future Publishing via Getty Images

    Governments Must Step Up to Prevent Cervical Cancer

    Ifeanyi M. Nsofor urges policymakers worldwide to commit to administering the HPV vaccine as widely as possible.
  5. op_ghilarducci1_Jeffrey GreenbergUniversal Images Group via Getty Images_USelderlyworker Jeffrey Greenberg/Universal Images Group via Getty Images

    The Perils of Retirement in America

    Teresa Ghilarducci

    The US retirement system is failing American workers. But after decades of pushing fake fixes – especially forcing people to work longer – US policymakers have an opportunity to make real progress in bolstering Americans' economic security in old age.

    proposes a Grey New Deal that would boost economic security for all US workers in old age.
  6. nishtar8_AMAURY HAUCHARDAFP via Getty Images_africavaccine Amaury Hauchard/AFP via Getty Images

    Fifty Years of Immunization Success Call for 50 More

    Sania Nishtar touts the remarkable results of global collaboration on routine vaccination and foresees continued progress.
  7. GettyImages-2149550584 Photo by MARK PETERSON/POOL/AFP via Getty Images

    Trump on Trial

    From a long list of criminal indictments to unfavorable voter demographics, there is plenty standing between presumptive GOP nominee Donald Trump and a second term in the White House. But a Trump victory in the November election remains a distinct possibility – and a cause for serious economic concern.

  8. woods56_Alex WongGetty Images_georgieva Alex Wong/Getty Images

    The IMF Chose the Right Leader the Wrong Way

    Ngaire Woods thinks the Fund’s process for selecting its managing director is woefully out of step with today’s world.
  9. bildt122_Mikhail SvetlovGetty Images_trumpputin Mikhail Svetlov/Getty Images

    Trump Is Putin’s Only Hope Now

    Carl Bildt considers the implications of Ukraine finally receiving the Western military aid it has been waiting for.

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