Stephen S. Roach

Stephen Roach on the Next Asia (eBook, ePUB)

Opportunities and Challenges for a New Globalization

• Format: ePub

Produktbeschreibung

As Morgan Stanley's chief Asia specialist, getting Asia right is Stephen Roach's personal obsession, and this in-depth compilation represents more than 70 of Roach's key research efforts not just on Asia, but also on how the region fits into the broad context of increasingly globalized financial markets. The book argues that the "e;Asia factor"e; is not a static concept, but rather one that is constantly changing and evolving. Broken down into five parts Asia's critical role in globalization; the coming rebalancing of the Chinese economy; a new pan-regional framework for integration and competition; and a frank discussion of the biggest risk to this remarkable transformation this book will help readers understand and profit from the world's most dynamic region.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 432
• Erscheinungstermin: 9. Oktober 2009
• Englisch
• ISBN-13: 9780470564226
• Artikelnr.: 37297301

Autorenporträt

STEPHEN S. ROACH has been a thought leader on Wall Street for over thirty years. He is currently a member of the faculty of Yale University and Non-Executive Chairman of Morgan Stanley Asia. For the bulk of his career, he served as Morgan Stanley's chief economist, heading up a highly regarded team of economists around the world. His recent research on globalization, the emergence of China and India, trade policy, and the capital market implications of global imbalances has appeared widely in the international media and in testimony before the U.S. Congress. Prior to joining Morgan Stanley in 1982, he worked in senior capacities at Morgan Guaranty Trust Company and the Federal Reserve Board in Washington D.C. He holds a PhD in economics from New York University and was a research fellow at the Brookings Institution. He is currently recovering from chronic jet lag syndrome after having logged 1.2 million air miles during his recent three-year stint as Hong Kong-based Chairman of Morgan Stanley Asia.

Inhaltsangabe

Acknowledgments. Introduction. CHAPTER 1 A WORLD IN CRISIS. A Subprime
Outlook for the Global Economy. Save the Day. Coping with a Different
Recession. Davos Diary: 2008. Double Bubble Trouble. Even When the Worst Is
Over--Watch Out for Aftershocks. Pitfalls in a Postbubble World. Panic of
2008: Enough Scapegoating. Global Fix for a Global Crisis. Changing the
Fed's Policy Mandate. An Early Leadership Opportunity for Barack Obama.
Dying of Consumption. Uncomfortable Truths about Our World after the
Bubble. A Postbubble Global Business Cycle. America's Japan Syndrome.
Whither Capitalism? After the Era of Excess. Same Old, Same Old. Depression
Foil. CHAPTER 2 THE GLOBALIZATION DEBATE. Open Macro. The Battleground of
Globalization. The Global Delta. Beggars Can't Be Choosers. Perils of a
Different Globalization. Bad Advice and a New Global Architecture. Doha
Doesn't Matter. Global Speed Trap. Hitting a BRIC Wall? Global
Comeback--First Japan, Now Germany. Labor versus Capital. Global
Lessons. From Globalization to Localization. Unprepared for Globalization.
The Currency Foil. The Shifting Mix of Global Saving. CHAPTER 3 CHINESE
REBALANCING. China's Rebalancing Challenge. A Commodity-Lite China. Scale
and the Chinese Policy Challenge. China's Great Contradiction. Soft Landing
Made in China? The Great Chinese Profits Debate. China Goes for Quality.
Heavy Lifting. Two Birds with One Stone. Unstable, Unbalanced,
Uncoordinated, and Unsustainable. China's Global Challenge. Consumer-Led
Growth for China. China's Macro Imperatives. Manchurian Paradox. CHAPTER 4
PAN-ASIAN CHALLENGES. The Next Asia. Rebalancing Made in Japan? From
Beijing to Dubai. A Tale of Two Asias. Kim's Boost to Globalization.
Japan's Missing Link. India on the Move. The Cranes of Dubai. Asian
Decoupling Unlikely. The Korea Test. Asia's Policy Trap. Complacency Asian
Style. The End of the Beginning. Another Asian Wake-Up Call. India's
Virtuous Cycle. Risks of an Asian Relapse. CHAPTER 5 U.S.-CHINA TENSIONS. A
Slippery Slope. Past the Point of No Return. Debating U.S.-China Trade
Policy. Who's Subsidizing Whom? Protectionist Threats--Then and Now. The
Ghost of Reed Smoot. China's Pace, America's Angst. The Politics of Trade
Frictions. A Wake-Up Call for the United States and China:. Stress Testing
a Symbiotic Relationship. Afterword. Sources. About the Author. Index.

Rezensionen

"As Chairman of Morgan Stanley Asia and a renowned economist, Stephen Roach has a solid macroeconomics background, in-depth understanding of the region, rich knowledge of various industries, and an open mind. In this book, Steve vividly describes the changes of Asia -- and the driving forces behind those changes

"... Roach besticht durch eine klare Analyse und verfügt über spannende Insiderkenntnisse..." -- Welt am Sonntag, 11.10.2009

'...a very useful and astute analysis by an economist at the very heart of the system.' (Permanent Revolution, Spring 2010)