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Interview with Stephen S. Roach

Stephen S. Roach

Senior Lecturer & Senior Fellow  
Jackson Institute for Global Affairs  
Former Chairman, Morgan Stanley Asia; Former Chief Economist, Morgan Stanley  


Stephen Roach is a senior fellow at Yale University’s Jackson Institute of Global Affairs and a senior lecturer at Yale SOM. 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 international media. Roach’s opinions on the global economy have been known to shape the policy debate from Beijing to Washington.

His most recent book, The Next Asia: Opportunities and Challenges for a New Globalization (Wiley 2009), analyzes Asia’s economic imbalances and the dangers of the region’s dependence on Western consumers. It was named book of the year by CBN in 2010 — China’s equivalent of the Wall Street Journal.

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 PhD in economics from New York University.