Stephen S. Roach

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Warnings From The Global Trade Cycle

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In a still tightly connected world, no major economy will be an oasis during a global economic slowdown.

When Politics Trumps Economics

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Trump’s battle with China illustrates his use of economics as a foil in his pitch to “Make America Great Again.”

A Bilateral Foil For America's Multilateral Dilemma

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Given America's global trade deficit, a solution focusing on either China or the U.S. will likely backfire.

The Myth Of Sound Fundamentals

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For a U.S. economy that has a razor-thin cushion of saving, dependence on rising asset prices has never been more obvious.

China's Contradictions

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To reach its economic goals, China will have to resolve three contradictions.

The Courage To Normalize Monetary Policy

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It now seems more than appropriate for central bankers to move the levers of policy off their emergency settings.

America And China's Codependency Trap

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China’s economic leverage over America is largely the result of low U.S. domestic saving.

Deciphering China's Economic Resilience

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The fixation on headline GDP overlooks deeper issues shaping the China growth debate.

Another Lesson From Japan

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Japan’s experience is testament to all that can go wrong in large and wealthy economies.

Rethinking The Next China

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China appears to be changing from an adapter to a driver of globalization.

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