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

摘要

For Stephen Roach, Asia Chairman for Morgan Stanley and its former chief economist, our present globalization is fraught with challenges brought about by the unbalanced way it has proceeded. The global credit crisis is but the biggest sign all has not been well. Still, challenges may turn into opportunities but only if the global economy-by which Roach means principally the U.S.-China axis-turns toward serious rebalancing in the next few years.