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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. lachman1_Jemal CountessGetty Images for the Peter G. Peterson Foundation_USdebt Jemal Countess/Getty Images for the Peter G. Peterson Foundation

    Trump’s Looming Deficit Disaster

    Desmond Lachman explains why the US president’s trade tariffs and planned tax cuts are at odds with basic economic realities.
  2. mazzucato80_WPA PoolGettyImages_starmer_ai_speech WPA Pool/Getty Images

    Governing AI for the Public Interest

    Mariana Mazzucato & Tommaso Valletti explain why the UK government’s recently released AI “action plan” misses the mark.
  3. chellaney184_ Sergio FloresGetty Images_trumpmodi Sergio Flores/Getty Images

    Putting the Trump-Modi Bromance to the Test

    Brahma Chellaney hopes that the US and Indian leaders take concrete steps to reset and deepen the bilateral relationship.
  4. alemanno2_Thierry MonasseGettyImages_vdl_competitiveness_compass Thierry Monasse/Getty Images

    The Dark Side of EU Deregulation

    Alberto Alemanno warns that the bloc’s efforts to reduce bureaucratic red tape will do more harm than good.
  5. GettyImages-2196139559

    Daniel Gros on DeepSeek, Germany's malaise, EU competitiveness, and more

    Daniel Gros hopes that a Chinese startup's apparent AI breakthrough will provide a much-needed boost to European competitiveness, advises the EU on how to deal with Donald Trump, urges Europe to improve conditions for bottom-up innovation, and more.
  6. bremmer39_Steve PfostNewsday RM via Getty Images_USwindfarm Steve Pfost/Newsday RM via Getty Images

    Trump Will Not Kill the Global Energy Transition

    Ian Bremmer

    Despite Donald Trump's promise to boost fossil-fuel production, the economic and technological forces driving the clean-energy revolution cannot be stopped. The global transition will power forward, even if America has abandoned climate leadership, and even if the road ahead includes a few more bumps.

    assuages fears that the global energy transition will be thrown into reverse by the new US administration.
  7. brown117_Robert HradilGetty Images_WHO Robert Hradil/Getty Images

    A Reformed WHO Should Make Its Case to America

    Gordon Brown wants to reassure the Trump administration that a revamped organization could serve US and global interests.
  8. tbunde6_New Look CastingGettyImages_globe_jigsaw New Look Casting/Getty Images

    The Age of Multipolarization

    Tobias Bunde & Sophie Eisentraut think a better future depends on whether a world with more poles can find ways to mitigate dangerous divisions.
  9. eichengreen200_PhotoQuestGettyImages_IBM_computer_france PhotoQuest/Getty Images

    Will US Export Restrictions Work?

    Barry Eichengreen

    Perhaps US efforts to cut off China’s access to advanced semiconductors will be more successful than analogous restrictions on tech exports to France in the 1960s. But we now have at least one data point – DeepSeek – that suggests otherwise.

    questions the effectiveness of efforts to limit China’s access to advanced semiconductors.

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