Stephen Roach

ex-Morgan Stanley Asia; US-China imbalance, "next Asia" thesis

Senior fellow at Yale University's Jackson Institute for Global Affairs and former chief economist at Morgan Stanley. Spent decades analysing global imbalances, particularly the savings-consumption gap between the US and China. Author of 'The Next Asia' and 'Unbalanced', works that argued structural reform—not just exchange-rate adjustment—was essential to resolving US-China economic codependency.