Stephen Roach is a senior fellow at Yale University’s Jackson Institute for Global Affairs and a senior lecturer at the Yale School of Management. He was formerly the chairman of Morgan Stanley Asia and the firm’s chief economist, positions of immense influence on Wall Street. His longtime study of globalization has led to many books, most recently Unbalanced: The Codependency of America and China in 2014. He also writes for Project Syndicate.
Stephen joins Kaiser and Jeremy on Sinica to discuss many of the findings of his book, and what has changed since it was published. The topics include:
The unhealthy codependency between the economies of China and America, and the inverse nature of their savings rates, investment rates, labor, and consumption. How much of the West has relied on economic policies that promise “false prosperity,” and how China may fall into the same trap. Where the U.S. trade deficit with China actually comes from. Whether savings rates in China are changing dramatically, or will change soon. Why Xi Jinping has formed leading small groups on economic policy, and what that means for the National Development and Reform Commission (NDRC) and China’s economic direction. The path toward rebalancing, for both the U.S. and China.Recommendations:
Jeremy: The literary website The Bitter Southerner, which covers the American South from a broad-minded perspective that Yankees often overlook.
Stephen: The Great Convergence: Information Technology and the New Globalization, by Richard Baldwin. It forced the former chief economist of Morgan Stanley to rethink many of the ideas he had about globalization.
Kaiser: An app called Audm, which has audiobook narrators read aloud long-form articles from outlets such as the Atlantic and the New Yorker.
The Sinica Network presents Strangers in China S3 Episode 1
No Stranger to China: A conversation with Strangers in China creator Clay Baldo about Season 3
Author Rebecca Kuang on her novel Babel, or on the Necessity of Violence: An Arcane History of the Oxford Translators Revolution
The best solution for Taiwan is no solution: Jude Blanchette and Ryan Hass argue for kicking the can down the road
China's push for RMB internationalization
A familiar drumbeat: Michael Mazarr on the run-up to the Iraq invasion and parallels with China
Special episode: The COVID lockdown protests, with David Moser and Jeremiah Jenne
Financial Times reporter Yuan Yang on China-Europe relations
Evan Feigenbaum on the U.S. in the Indo-Pacific region
New America President Anne-Marie Slaughter on balancing China competition and global imperatives
The 20th Party Congress postgame show with Damien Ma and Lizzi Lee
Grifter, chaos agent, or CCP spy? The New Yorker's Evan Osnos on Guo Wengui
Overreach and overreaction, with Susan Shirk
Podcasting The Prince: Sue-Lin Wong of The Economist on her Xi Jinping podcast
Legendary BBC presenter and China editor Carrie Gracie, live in London
A conversation with Minister Xu Xueyuan, Deputy Chief of Mission of the Embassy of the People's Republic of China in Washington
China in the Global South, with Eric Olander and Cobus van Staden
Surveillance State: Authors Josh Chin and Liza Lin on their new book on China's tech-enhanced social controls
Yuen Yuen Ang on Xi Jinping, the Party bureaucracy, and authoritarian resilience
Avoiding the China Trap, with Jessica Chen Weiss
Create your
podcast in
minutes
It is Free