- Stephen Roach
Senior Fellow, Yale University
Scholars
Stephen Roach is a Senior Fellow at Yale University’s Jackson Institute of
Global Affairs and a Senior Lecturer at Yale’s School of Management. He was
formerly Chairman of Morgan Stanley Asia and the firm’s Chief Economist for the
bulk of his 30-year career at Morgan Stanley, heading up a highly regarded team
of economists around the world.
Mr. Roach’s current teaching and research program focuses on the impacts of
Asia on the broader global economy. At Yale, he has introduced new courses for
undergraduates and graduate students on the “The Next China” and “The Lessons of
Japan.” His writing and research also addresses globalization, trade policy, the
post-crisis policy architecture, and the capital markets implications of global
imbalances.
Stephen Roach has long been one of Wall Street’s most influential economists.
His work has appeared in academic journals, books, congressional testimony and
has been disseminated widely in the domestic and international media. Roach’s
opinions on the global economy have been known to shape the policy debate from
Beijing to Washington.
His latest book, Unbalanced: The Codependency of America and China (Yale
University Press, Jan. 2014) examines the risks and opportunities of the world’s
most important economic relationship of the 21st century. His 2009 book, The
Next Asia: Opportunities and Challenges for a New Globalization (Wiley),
analyzes Asia’s economic imbalances and the dangers of the region’s excess
dependence on overextended Western consumers.
Prior to joining Morgan Stanley in 1982, Mr. Roach served on the research
staff of the Federal Reserve Board and was also a research fellow at the
Brookings Institution. He holds a Ph.D. in economics from New York University.
Mr. Roach is a member of the Council on Foreign Relations, the Investment
Committee of the Metropolitan Museum of Art, the China Advisory Board of the
Environmental Defense Fund, and the Economics Advisory Board of the University
of Wisconsin.
