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 us economic relationship he highlights the conflicts at the center of current tensions including disputes over trade policies and intellectual property . Thats due as much to americas angst as to chinas newfound strength sustainable codependency especially a version based on trust and mutual respect is a tall order for any two economies the dream of a lasting partnership a new symbiosis in a globalized world was at best a passing fancy. Unbalanced the codependency of america and china stephen s roach the modern day chinese and us economies have been locked in an uncomfortable embrace since the late 1970s although the relationship was built on a set of mutual benefits in recent years it has . His most recent book unbalanced the codependency of america and china yale university press jan 2014 examines the risks and opportunities of what is likely to be the worlds most important economic relationship of the 21st century. Excellent overview of the codependent relationship of america worlds consumer and china world producer logiclly spells out the historical conditions policy choices and leaderhship regimes that contributed to the ever tigther coupling of the two economies
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