The relationship between the US and China is more important than ever and will go a long way towards shaping the 21st century. But renowned economist Stephen Roach believes that this relationship must change, as the way China and the US rely on each other is no longer healthy for either party. Roach’s latest book explores this theme and lays bare the pitfalls and the opportunities of the current China-U.S. economic relationship. The US, says Roach, paid its price for its overreliance on China’s cheap goods and capital in the financial crisis of 2008, and China’s economy could also be in danger if it continues with the old growth model.
You are hereby invited to join this CKGSB Distinguished Lecture on July 23rd by Stephen Roach, Senior Fellow at Yale University’s Jackson Institute of Global Affairs and former Chairman of Morgan Stanley Asia, who will be discussing the issues raised in his most recent book, Unbalanced: The Codependency of America and China (Yale University Press, Jan 2014), which is now available in Chinese (CITIC Press, July 2014). Joining Stephen Roach in an engaging dialogue is CKGSB Associate Dean and Professor of Finance Chen Long.
Agenda:
19:00 – 19:30 Registration
19:30 – 20:30 Talk by Prof. Stephen Roach: “Unbalanced: The Codependency of America and China”.
20:30 – 21:00 Dialogue between Prof. Stephen Roach and Prof. Chen Long
21:00 – 21:15 Q&A
Speakers
Stephen S. Roach
Stephen Roach is a Senior Fellow at Yale University’s Jackson Institute of Global Affairs and a senior lecturer at Yale SOM. He was formerly chairman of Morgan Stanley Asia and the firm’s chief economist for the bulk of his 30-year career at Morgan Stanley, heading up a highly regarded team of economists around the world.
Mr. Roach’s current teaching and research program focuses on the impacts of Asia on the broader global economy. His writing and research also addresses globalization, trade policy, the post-crisis policy architecture, and the capital markets implications of global imbalances.
Stephen Roach has long been one of Wall Street’s most influential economists. His work has appeared in academic journals, books, congressional testimony and has been disseminated widely in the international media. Roach’s opinions on the global economy have been known to shape the policy debate from Beijing to Washington.
Prior to joining Morgan Stanley in 1982, Mr. Roach served on the research staff of the Federal Reserve Board and was also a research fellow at the Brookings Institution. He holds a PhD in economics from New York University.
About Chen Long
Dr. Chen Long is a Professor of Finance, as well as an Associate Dean of the DBA Program and Alumni Affairs at CKGSB. Dr. Chen also serves as Director of CKGSB’s Asset Valuation Center. From 2001 to 2008, Dr. Chen served as Assistant Professor of Finance at Michigan State University, where he received an Excellence in Teaching award in 2003. Dr. Chen serves as referee at numerous finance journals, including the Journal of Finance, Review of Financial Studies, and Journal of Money, Credit and Banking. Chen's business exposure includes two years working in an import and export corporation in China and one year as a professional trader for the commodity futures market. He received his Ph.D. in Finance from the University of Toronto in 2001.