Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization

Stephen S. Roach is Chairman of Morgan Stanley Asia, serving as the firm’s senior representative to clients, governments, and regulators across the region. Prior to his appointment as Asia Chairman in June 2007, Roach was Morgan Stanley chief economist, heading up the firm’s highly regarded global team of economists located in New York, London, Frankfurt, Paris, Tokyo, Hong Kong, and Singapore. During his 25-year career as a Senior and Chief Economist at Morgan Stanley, Roach was widely recognized as one of Wall Street’s most influential thought leaders. His recent research has focused on globalization, the emergence of China and India, and the capital market implications of global imbalances. He is widely quoted in the financial press and other media, and has been a leading contributor on the op-ed pages of the world’s leading newspapers. He has long advised governments and policy makers around the world and frequently presents expert testimony to the U.S. Congress. Before joining Morgan Stanley in 1982, Roach was vice president for economic analysis for the Morgan Guaranty Trust Company. He also served in a senior capacity on the research staff of the Federal Reserve Board in Washington, D.C. from 1972-1979. Prior to that, he was a research fellow at the Brookings Institution in Washington, D.C. Roach holds a Ph.D. in economics from New York University and a Bachelor’s degree in economics from the University of Wisconsin.