Global Imbalances: Another Crisis Looming? (Ended)
Stephen Roach, Non-Executive Chairman - Morgan Stanley Asia, Senior Fellow - Yale University's Jackson Institute for Global Affairs, and Senior Lecturer - Yale School of Management
Date, Time, and Location:
Tuesday, December 14, 2010
12:30 pm - 2:15 pm
University Club of Chicago, 76 East Monroe Street
Leading economist Stephen Roach will conclude our series Global Economy in 2015: World of Uncertainty. He is one of the region's most high-profile economists and is recognized as an influential expert on global imbalances and on Asia's growing role in the world. He has argued that The Great Crisis of 2008-2009 was a manifestation of a decade of increasingly unbalanced global growth; a decade when excess consumption soared to new highs in the United States and China became the world's biggest saver. Now more than ever, a global rebalancing needs to occur. Will China be able to wean itself from the export-led growth model that has long defined its economic character? Will the United States be able to boost saving, investment and exports? Looking ahead, what other countries pose risk to the balance of the global economy?
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Non-Executive Chairman - Morgan Stanley Asia, Senior Fellow - Yale University's Jackson Institute for Global Affairs, and Senior Lecturer - Yale School of Management
Introduction by Michael H. Moskow, Vice Chairman and Senior Fellow on the Global Economy, The Chicago Council on Global Affairs, and former President and Chief Executive Officer, Federal Reserve Bank of Chicago
Presenter Background Information:
Stephen Roach is a non-executive chairman of Morgan Stanley Asia. Prior to moving to Hong Kong in 2007 for this role, he was the bank's chief economist for 16 years. He has most recently embarked on a career in academia at Yale University as Senior Lecturer at the School of Management and Senior Fellow at the Jackson Institute for Global Affairs. His research covers a broad range of topics, with recent emphasis on globalization, the emergence of China, productivity, and the macroeconomic impacts of information technology. In his latest book, The Next Asia, he analyzes Asia's economic imbalances and the dangers of the continent's dependence on Western consumers. Roach's work has appeared in academic journals, congressional testimony and on the op-ed pages of the Financial Times, The New York Times, The Washington Post and The Wall Street Journal.
12:30 pm - Registration
1:00 pm - Remarks and Q & A
2:15 pm - Adjournment
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