With ‘Zero Visibility’ into the Russian Economy, the IMF is Parroting Putin’s Line
Rather than admitting ignorance, write Yale’s Jeffrey Sonnenfeld, Stephen Roach, and Steven Tian, the IMF is accepting the Kremlin’s statistics—and fueling pessimism about the impact of sanctions.
What’s the Future for Western Businesses in Xi’s China?
We asked Stephen Roach, a senior fellow at Yale Law School’s Paul Tsai China Center, what another five years of Xi Jinping’s leadership means for China’s economic policies and the environment for Western businesses there.
Coronavirus Could Hobble Chinese Economy at a Precarious Moment
We asked Stephen Roach, a senior fellow at the Yale Jackson Institute for Global Affairs and the former chairman of Morgan Stanley Asia, what the epidemic could mean for the economy in China and the rest of the world.
Three Questions: Prof. Stephen Roach on Who Wins in the U.S.-China Trade War
Yale’s Stephen Roach argues that the two countries are actually in a “codependent” relationship—meaning each needs the other to offset imbalances in their system.
Is China Still Rising?
Yale SOM’s Zhiwu Chen and Stephen Roach debate China’s economic outlook.
What Does the Chinese Slowdown Mean for the World?
Yale SOM’s Stephen Roach says that the world will need to adapt as China makes a much-needed transition.
How Do You Invest in a Changing China?
Lei Zhang ’02 has been one of the most successful investors in China during a time of unprecedented change. In a conversation with Yale’s Stephen Roach, he talked about rapid shifts in China’s business and culture, the birth of a consumer class, the Chinese innovation model, and the outmoded views of the country that remain prevalent in the West.
Where Will China Go Next?
China faces an immense challenge: it needs to continue growing its economy while shifting away from the manufacturing-led model that has fueled its growth in recent decades. At the same time, it has to address concerns over pollution, income inequality, and other social issues. Yale’s Stephen Roach argues that the rest of the global economy has a stake in whether China can successfully shift gears.
America’s Strategy Vacuum
The Federal Reserve’s policy of open-ended quantitative easing emphasizes short-term tactics over longer-term strategy, writes Stephen Roach. “The focus, instead, should be on accelerating the process of balance-sheet repair, while at the same time returning monetary and fiscal policy levers to more normal settings.”