Stephen S. Roach


China’s Dream Team


China’s recent leadership transition was widely depicted as a triumph for conservative hard-liners and a setback for the cause of reform – a characterization that has deepened the gloominess that pervades Western perceptions of China. In fact, nothing could be further from the truth.

Asia Exposed


Stephen Roach, former Chairman and Chief Economist of Morgan Stanley Asia, and currently senior fellow at Yale University’s Jackson Institute of Global Affairs outlines the shock that is hitting Asia. For the second time in less than four years, Asia is being hit with a major external demand shock. This time it is from Europe, Financial and trade linkages make Asia highly vulnerable to Europe’s malaise.