Stephen S. Roach

Jan 22, 2025 | interest.co.nz | Gareth Vaughan |David Hargreaves |Stephen S. Roach

It’s impossible to predict the outcome of a random experiment. Yet that is the task that awaits us as we try to make sense of another Donald Trump era. The only observation I dare make in these early days is that Trump 2.0 is starting where Trump 1.0 ended – with distortions, convoluted logic, and the related risk of major policy blunders. While that is hardly a brilliant predictive insight, it gives a fair sense of what we are dealing with.

Jan 15, 2025 | eleconomista.com.mx | Stephen S. Roach

NEW HAVEN – La destreza de China en materia de ingeniería ha sido extraordinaria. Desde infraestructuras de clase mundial y ciudades ecológicas hasta sistemas espaciales y trenes de alta velocidad, la impresionante acumulación de capital físico de última generación de China ha desempeñado un papel dominante en el impulso de su economía.

Jan 15, 2025 | johnmenadue.com | Stephen S. Roach

By blocking Nippon Steel’s $14.9 billion purchase of US Steel, the Biden Administration has turned international economic policy inside out. On this point, the incoming Trump Administration is in rare agreement. Like many conflict-prone moves in recent years, this action has been justified on the basis of alleged national security concerns. Yet in the end, it is nothing more than a blatant political move at odds with the core economic and financial needs of the United States.

Jan 5, 2025 | thewirechina.com | Stephen S. Roach

China’s engineering prowess has been nothing short of extraordinary. From world-class infrastructure and eco-friendly cities to space systems and high-speed trains, China’s impressive accumulation of state-of-the-art physical capital has played a dominant role in driving its economy. But China’s physical engineering accomplishments on the supply side have not been transferable to social engineering efforts on the demand side, especially in stimulating consumer demand.

Dec 20, 2024 | scmp.com | Stephen S. Roach

China’s engineering prowess has been nothing short of extraordinary. From world-class infrastructure and eco-friendly cities to space systems and high-speed trains, China’s impressive accumulation of state-of-the-art physical capital has played a dominant role in driving its economy. But China’s physical engineering accomplishments on the supply side have not been transferable to social engineering efforts on the demand side, especially in stimulating consumer demand.