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Stephen S. Roach

Stephen S. Roach

Writing for PS since 2011
169 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 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.

  2. 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.

  3. Don’t Be Fooled by China’s Third Plenum
    roach168_Lintao ZhangGetty Images_xijinping Lintao Zhang/Getty Images

    Don’t Be Fooled by China’s Third Plenum

    Jul 10, 2024 Stephen S. Roach reminds Western observers that the Chinese government's real priorities are very different from their own.

  4. The Defining Economic Issue of the US Election
    roach167_Mario TamaGetty Images_bidenprices Mario Tama/Getty Images

    The Defining Economic Issue of the US Election

    Jun 24, 2024 Stephen S. Roach argues that the high price level, not inflation, is weighing on voters ahead of the presidential election.

  5. The Dangerous Incoherence of US Trade Policy
    roach166_Kevin DietschGetty Images)_shipping Kevin Dietsch/Getty Images

    The Dangerous Incoherence of US Trade Policy

    May 28, 2024 Stephen S. Roach warns that America’s latest tariffs against China raise the risk of a catastrophic superpower conflict.

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  1. milani6_MENAHEM KAHANAAFP via Getty Images_israeliranmissiles Menahem Kahana/AFP via Getty Images
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    A Dangerous Dance for Israel and Iran

    Abbas Milani sees both countries walking a tightrope to maintain deterrence without provoking a full-blown war.
  2. haldar38_ERNESTO BENAVIDESAFP via Getty Images)_fujimori ERNESTO BENAVIDES/AFP via Getty Images)
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    The Bloody Path of Alberto Fujimori’s Neoliberalism

    Antara Haldar assesses the former Peruvian president’s legacy of free-market reform and death-squad dictatorship.
  3. benami218_JALAA MAREYAFP via Getty Images_lebanon israel iran JALAA MAREY/AFP via Getty Images
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    The Middle East’s Deadly Dream Palaces

    Shlomo Ben-Ami traces the delusions of Arab, Iranian, and Israeli leaders that have kept the region mired in violence.
  4. op_sonin1_ILYA PITALEVSPUTNIKAFP via Getty Images_russiamilitaryproduction Ilya Pitalev/Sputnik/AFP via Getty Images
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    Making Sense of Russia’s War Economy

    Konstantin Sonin

    Despite the apparent resilience of Russia's economy, Vladimir Putin’s full-scale war against Ukraine comes at a high economic cost. Not only does it require today’s Russians to live a worse life than they otherwise would have done; it also condemns future generations to the same.

     explains the apparent resilience of growth and employment in the face of increasingly tight sanctions.
  5. krueger79_Omar Martínezpicture alliance via Getty Images_USmexicoshipping Omar Martínez/picture alliance via Getty Images
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    America’s Protectionist Policies Are Backfiring

    Anne O. Krueger argue that US leaders' embrace of trade-suppressing measures has done more harm than good.
  6. carvalho2_RAFAEL MARTINSAFP via Getty Images_brazil renewable energy RAFAEL MARTINS/AFP via Getty Images
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    Brazil’s Climate Push Must Start at Home

    Savio Carvalho explains why the country must lead by example on decarbonization to become a global green leader.
  7. wei66_PETER PARKSAFP via Getty Images_chinastockmarket Peter Parks/AFP via Getty Images
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    The Global Implications of China’s Stimulus Package

    Shang-Jin Wei explains why the country’s push to revive economic activity depends on boosting domestic demand.
  8. krauze2_Manuel VelasquezGetty Images_sheinbaum YURI CORTEZ/AFP via Getty Images
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    A New President and a Grim Legacy for Mexico

    Enrique Krauze reflects on the harmful tenure of the outgoing president, who weakened the economy and eroded its institutions.
  9. ahzhang16_CostfotoNurPhoto via Getty Images_china stimulus Costfoto/NurPhoto via Getty Images
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    Governance Reform Is Key to Reviving China’s Economy

    Angela Huyue Zhang argues that lasting prosperity depends not on boosting demand, but on a return to bottom-up governance.

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