"Unbalanced is a compelling analysis of China's transition to a new model of economic growth and the challenges this transition will create for the United States"
"How the United States and China will transit from precarious codependency to stable coexistence is one of the most crucial questions for the twenty-first century. Stephen Roach, with his profound grasp of the economic and political systems in the United States and China, describes the challenges, opportunities, and necessary adjustments for both countries. This is a timely must-read book for anyone concerned about the future of the world"
"An important and fascinating book about the structural changes and evolving codependency of the world's two largest and most dynamic economies. Unbalanced is an education in growth, stability, and postwar globalization, full of deep insights and colorful personalities on both sides, and wonderfully well written. Very few people have the breadth of knowledge and experience to write such a book"
"Stephen Roach provides an insightful and critical account of the economic relationship between China and America. His policy warning is clear: the future of U.S.-China relations depends on significant changes in the growth strategies of both countries"
In Unbalanced: The Codependency of America and China Stephen Roach, senior fellow at Yale University and former chairman of Morgan Stanley Asia, lays bare the pitfalls of the current China-U.S. economic relationship. He highlights the conflicts at the center of current tensions, including disputes over trade policies and intellectual property rights, sharp contrasts in leadership styles, the role of the Internet, the recent dispute over cyberhacking, and more.
A firsthand witness to the Asian financial crisis of the late 1990s, Roach likely knows more about the U.S.-China economic relationship than any other Westerner. Here he discusses:
- Why America saving too little and China saving too much creates mounting problems for both
- How China is planning to re-boot its economic growth model by moving from an external export-led model to one of internal consumerism with a new focus on service industries
- How America, shows a disturbing lack of strategy, preferring a short-term reactive approach over a more coherent Chinese-style planning framework
- The way out: what America could do to turn its own economic fate around and position itself for a healthy economic and political relationship with China