Stephen S. Roach
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Stephen S. Roach | |
|---|---|
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| Education | Economics |
| Alma mater | University of Wisconsin–Madison New York University |
| Occupation | Chairman of Morgan Stanley Asia |
| Employer | Morgan Stanley |
Stephen S. Roach is a senior executive with Morgan Stanley, the New York-based investment bank. In addition to his position at Morgan Stanley, Roach is a lecturer at Yale University's School of Management and Jackson Institute for Global Affairs.
Career
Stephen S. Roach holds a Ph.D. in economics from New York University and a Bachelor's degree in economics from the University of Wisconsin–Madison.
After earning his Ph.D., Roach was a research fellow at the Brookings Institution in Washington, D.C.[citation needed] From 1972 until 1979, Roach served on the research staff of the Federal Reserve Board in Washington, D.C., where he supervised the preparation of the official Federal Reserve projections of the U.S. economy. From 1979 until joining Morgan Stanley, Roach was Vice President for Economic Analysis for the Morgan Guaranty Trust Company in New York.
Roach has been with Morgan Stanley since 1982[citation needed], and has been the investment bank's chief economist since 1991[citation needed] and has served as head of the firm's global team of economists in New York, London, Tokyo, Hong Kong, Singapore, and Paris[citation needed].
Economics
Global labor arbitrage, a phenomenon described by economist Stephen S. Roach, where one country exploits the cheap labor of another, would be a case of absolute advantage that is not mutually beneficial.[1][2][3][4]
Politics
Roach has made political cash donations to only Democratic Party candidates, including presidential hopefuls Hillary Clinton and Senator John Kerry.[5]
References
- ^ Roberts, Paul Craig (August 7, 2003). Jobless in the USA Newsmax. Retrieved on May 6, 2007.
- ^ Hira, Ron and Anil Hira with forward by Lou Dobbs, (May 2005). Outsourcing America: What's Behind Our National Crisis and How We Can Reclaim American Jobs. (AMACOM) American Management Association. Citing Paul Craig Roberts, Paul Samuelson, and Lou Dobbs, pp. 36-38.
- ^ Paul Craig Roberts (07/28/04)."Global Labor Arbitrage".VDARE. Retrieved on July 7, 2009.
- ^ Whitney, Mike (June 2006).Labor arbitrage. Entrepreneur. Retrieved on July 7, 2009.
- ^ http://newsmeat.com/fec/bystate_detail.php?st=CT&last=roach&first=stephen
External links
- Video of Stephen Roach discussing 'The Next Asia' at the Asia Society, New York 9/30/2009
- Stephen S. Roach'sopinion editorial commentaries for Project Syndicate