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Stephen S. Roach

Stephen S. Roach

Writing for PS since 2011
173 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. Trump’s Trade Scam
    roach174_Christopher FurlongGetty Images_trump Christopher Furlong/Getty Images

    Trump’s Trade Scam

    Jan 24, 2025 Stephen S. Roach points out that the new “External Revenue Service” would target domestic importers, not foreign producers.

  2. China’s Struggles with a Consumer Society
    roach173_CFOTOFuture Publishing via Getty Images_chinashopping C FOTO/Future Publishing via Getty Images

    China’s Struggles with a Consumer Society

    Dec 19, 2024 Stephen S. Roach wonders whether the country’s political system is at odds with the values underpinning affluent societies.

  3. Asia in Denial
    roach172_Anthony KwanGetty Images_asia economy Anthony Kwan/Getty Images

    Asia in Denial

    Nov 26, 2024 Stephen S. Roach warns of misguided optimism about the state of China’s economy and Donald Trump’s tariff agenda.

  4. Sinophobia and US Election Lies
    roach171_David McNewStringerGettyImages_antichina_trump_supporter David McNew/Stringer/Getty Images

    Sinophobia and US Election Lies

    Oct 28, 2024 Stephen S. Roach laments that facts – especially about China – are in short supply as the presidential race tightens.

  5. 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.

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  1. khor6_OlemediaGetty Images_economy Olemedia/Getty Images
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    The Post-Pandemic Fiscal Tightrope

    Hoe Ee Khor, et al. argue that Asian, Latin American, and European economies must somehow reduce deficits while fostering growth.
  2. rydlinski2_Andreas RentzGettyImages_german_election_spd_scholz Andreas Rentz/Getty Images
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    What Germany’s Election Means for the Western Left

    Bartosz M. Rydliński

    Fear of being left behind economically and socially proved to be potent fuel for the far-right Alternative für Deutschland, which for the first time won more votes than the Social Democrats in a German federal election. So long as center-left parties fail to address this fear, the far right will continue to exploit it.

     thinks social-democratic parties will continue to lose unless they find new ways to make inroads with workers.
  3. oneill130_David Dee DelgadoGettyImages_american_consumer David Dee Delgado/Getty Images
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    The Global Economy Without America

    Jim O'Neill thinks the Trump administration may convince the rest of the world to rely less on US consumer demand.
  4. tbunde7_Johannes SimonGetty Images_vance Johannes Simon/Getty Images
    2

    A Westless World

    Tobias Bunde reflects on this year's Munich Security Conference and America's break from the transatlantic alliance.
  5. broning14_Maja HitijGetty Images_merz Maja Hitij/Getty Images
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    Germany’s Last-Chance Election

    Michael Bröning explains why the outcome may decide whether the political “firewall” against the far right can hold.
  6. popescu6_ZinchenkoGlobal Images Ukraine via Getty Images)_ukrainepeace Zinchenko/Global Images Ukraine via Getty Images
    3

    The Only Path to Genuine Peace in Ukraine

    Nicu Popescu sees a Korea-style armistice with security guarantees as the only viable option in Ukraine.
  7. asakawa3_PoolGettyImages_hindu_kush_glacial_melt Pool/Getty Images
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    Meltdown at the Top of the World

    Masatsugu Asakawa urges development banks to act urgently to avert the catastrophic effects of the Himalayas’ thawing glaciers.
  8. frieda19_AnadoluGettyImages_russia_us_peace_talks Anadolu/Getty Images
    2

    The Economic Consequences of Trump’s Ukrainian Peace

    Gene Frieda warns that by punishing the victim, the US is setting up Europe for another war.
  9. oneill128in McNameeGetty Images_trump Win McNamee/Getty Images
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    There Goes America

    Within his first month back in the White House, Donald Trump has upended US foreign policy and launched an all-out assault on the country’s constitutional order. With US institutions bowing or buckling as the administration takes executive power to unprecedented extremes, the establishment of an authoritarian regime cannot be ruled out.

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