Stephen Roach: Is China Ready To Lead Global Economy?

NPR’s Morning Edition interviews author Stephen Roach about his new book, Next Asia: Opportunities and Challenges for a New Globalization, which looks at the challenges China faces in its quest to become a global leader in :

China appears to be emerging from the global recession faster than the rest of the world, including the U.S. The conventional wisdom among economists is that the U.S. will “pass the baton” to China, as the world’s No. 1 engine of economic growth.

But that won’t happen so fast, author Stephen Roach tells NPR’s Linda Wertheimer. Roach is the former chief global economist for investment bank Morgan Stanley, and now chairman of Morgan Stanley Asia.

Listen to the full interview here.

The NPR post also includes an excerpt from Roach’s book.

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