Showing posts with label Stephen S. Roach. Show all posts
Showing posts with label Stephen S. Roach. Show all posts

Tuesday, 26 July 2016

The Globalization Disconnect (Stephen S. Roach, Project-Syndicate)

While seemingly elegant in theory, globalization suffers in practice. That is the lesson of Brexit and of the rise of Donald Trump in the United States. And it also underpins the increasingly virulent anti-China backlash now sweeping the world. Those who worship at the altar of free trade – including me – must come to grips with this glaring disconnect.

https://www.project-syndicate.org/commentary/find-solutions-for-free-trade-backlash-by-stephen-s--roach-2016-07

Tuesday, 24 May 2016

America’s Saving Perils (Stephen S. Roach, Project-Syndicate)

US politicians invariably bemoan trade as the enemy of the middle class, the major source of pressure on jobs and wages. The current presidential campaign is no exception: Republicans and Democrats alike have taken aim at both China and the Trans-Pacific Partnership, holding them up as the scourge of beleaguered American workers. While this explanation may be politically expedient, the truth lies elsewhere

https://www.project-syndicate.org/commentary/low-saving-rate-weakening-us-middle-class-by-stephen-s--roach-2016-05

Tuesday, 26 April 2016

America’s Trade Deficit Begins at Home (Stephen S. Roach, Project-Syndicate)

Thanks to fear mongering on the US presidential campaign trail, the trade debate and its impact on American workers is being distorted at both ends of the political spectrum. From China-bashing on the right to the backlash against the Trans-Pacific Partnership (TPP) on the left, politicians of both parties have mischaracterized foreign trade as America’s greatest economic threat.

https://www.project-syndicate.org/commentary/us-trade-deficit-low-domestic-saving-by-stephen-s--roach-2016-04

Tuesday, 29 March 2016

China’s Economic Identity Crisis (Stephen S. Roach, Project-Syndicate)

Unlike the West, where former US President George H.W. Bush once mockingly referred to “the vision thing,” China takes economic strategy very seriously. That much was clear at the recent China Development Forum (CDF) in Beijing, an important gathering held each year since 2000, immediately after the conclusion of the annual National People’s Congress.

https://www.project-syndicate.org/commentary/china-economic-identity-crisis-by-stephen-s--roach-2016-03

Friday, 19 February 2016

Central Banking Goes Negative (Stephen S. Roach, Project-Syndicate)

In what could well be a final act of desperation, central banks are abdicating effective control of the economies they have been entrusted to manage. First came zero interest rates, then quantitative easing, and now negative interest rates – one futile attempt begetting another. Just as the first two gambits failed to gain meaningful economic traction in chronically weak recoveries, the shift to negative rates will only compound the risks of financial instability and set the stage for the next crisis.

http://www.project-syndicate.org/commentary/central-banks-negative-interest-rates-by-stephen-s--roach-2016-02