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Stephen S. Roach

Stephen S. Roach

Writing for PS since 2011
172 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 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.

  2. 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.

  3. 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.

  4. China Is Missing in America’s Election Debate
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    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.

  5. 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.

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  1. ghosh84_NurPhotoGettyImages_wind_power_grid NurPhoto/Getty Images
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    Decommodify Electricity

    Jayati Ghosh shows why the market cannot mobilize the clean-energy investments needed to accelerate the green transition.
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    Three Reasons Why AI’s Momentum Could Stall in 2025

    Dambisa Moyo

    While artificial intelligence has the potential to drive global growth and boost productivity, the industry is grappling with mounting challenges like soaring development costs and energy requirements. Meanwhile, investors are questioning whether AI investments can deliver meaningful returns.

     identifies three negative trends that could stifle innovation and slow the pace of technological progress.
  3. arezki20_Miguel CandelaSOPA ImagesLightRocket via Getty Images_indiamanufacturing Miguel Candela/SOPA Images/LightRocket via Getty Images
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    Solving India’s Industrialization Puzzle

    Rabah Arezki & Partha Sen ask why, unlike Bangladesh and Vietnam, manufacturing has not benefited from rising labor costs in China.
  4. perincek1_RODGER BOSCHAFP via Getty Images_africarareearthmine Rodger Bosch/AFP via Getty Images
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    Ensuring Europe’s Supply of Critical Minerals

    Rüya Perincek & Andreas Goldthau call for coordinated funding, resource diplomacy, and secondary material partnerships to boost recycling.
  5. tyson122_Andrew HarnikGettyImages_gavin_newsom Andrew Harnik/Getty Images
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    Readying the Resistance, Again

    Laura Tyson & Lenny Mendonca

    The United States is not a monarchy, but a federal republic. States and cities controlled by Democrats represent half the country, and they can resist Donald Trump’s overreach by using the tools of progressive federalism, many of which were sharpened during his first administration.

     see Democrat-controlled states as a potential check on Donald Trump’s far-right agenda.
  6. khrushcheva189_Konstantin ZavrazhinGettyImages_nostalgic_man Konstantin Zavrazhin/Getty Images
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    Russia’s Nostalgia Machine

    Nina L. Khrushcheva explores how the Kremlin relies on an idealized version of the past to comfort – and subdue – the public.
  7. goldberg33_Lauren DeCiccaGetty Images_shippinglaos Lauren DeCicca/Getty Images
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    The Trade Shifts Redefining Economic Development

    Pinelopi Koujianou Goldberg & Michele Ruta consider the long-term implications of three major trends that could reshape globalization.
  8. fischer224_Chip SomodevillaGetty Images_trumpinauguration Chip Somodevilla/Getty Images
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    Trump at the Gates

    Joschka Fischer urges Europeans to recognize that they are now on their own in an increasingly dangerous world.
  9. stiglitz347_Kevin DietschGettyImages_bye_biden Kevin Dietsch/Getty Images
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    The End of Progress?

    Joseph E. Stiglitz predicts that Donald Trump’s second administration will be defined by its rejection of Enlightenment values.

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