Economist Roach to discuss strategies for balanced Sino-American relations

After three decades in which China achieved record economic growth in part by feeding the insatiable U.S. appetite for consumer of goods, Wall Street economist Stephen Roach (’68 BA Economics) sees an unhealthy codependency that could easily spiral out of control into a new trade war and other doomsday scenarios.

Stephen Roach (Photo: Tony Rinaldo)

Stephen Roach (Photo: Tony Rinaldo)

“Both economies are currently in states of unsustainable disequilibrium, in which they face mounting pressures for rebalancing,” Roach writes in his latest book, Unbalanced: The Codependency of America and China.

Roach will visit the UW–Madison campus to give a free public lecture on Wednesday, April 2, at 5 p.m., in Union South’s Varsity Hall.  In his talk, “Unbalanced: The Codependency of America and China,” he will focus on how the U.S. and China can “rebalance” their economic relationship toward new identities.

“For China, this will entail a transformation from the producer model to an emerging consumer society,” Roach says. “The United States must move in the opposite direction, pulling back from excess consumption and rediscovering its competitive prowess by tilting its growth model toward capital spending, human capital, and export-led growth.”

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CREECA faculty to discuss Ukraine situation

The current turmoil in Ukraine, with tensions further heightened by fears of Russian intervention, are grabbing headlines around the world.

To help shed light on this situation, the Center for Russia, East Europe, and Central Asia (CREECA) at the University of Wisconsin-Madison is presenting a special roundtable discussion with CREECA-affiliated faculty from political science, history and sociology, all with expertise in the region.

Ukraine: Crimea, Russian Military Intervention, and Options for International Responses will be held Monday, March 10, 4-6 pm, in the On Wisconsin Room of the Red Gym, 716 Langdon St. This event is free and open to the public.

The panelists are:

Yoshiko Herrera, associate professor of political science and director of CREECA, will moderate.

The panelists will discuss will discuss the current situation in Ukraine, including the history of Russian-Ukrainian relations, the protests leading up to the fall of the Yanukovich government, the recent military intervention by Russia, and the options for a US, European, or international response to the crisis.

Wisconsin Public Television will record the roundtable for later broadcast and webcast on its University Place series.

 

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Study tour brings Fukushima University students to UW-Madison

In the days leading up to the third anniversary of the Fukushima nuclear disaster in Japan, Madison will host a group of students from Fukushima University, who will speak at a public event about their lives back home.

The 23 Japanese students — accompanied by two chaperones and a guide — are in the United States on a study tour, called the “The Kakehashi Project – The Bridge for Tomorrow,” which will bring them to Madison on March 8-11, between stops on the East and West coasts.

On Sunday, March 9, the students will be featured at a public program and reception, 1:30-4:30 p.m., at the Unitarian Meeting House, 900 University Bay Drive. Their presentations on life today in Fukushima will address such topics as the education of children, local communities after the earthquake, the current condition and future of Fukushima, and reflections on disaster recovery.

On March 11, 2011, a tsunami triggered by a massive earthquake struck the Fukushima I Nuclear Power Plant, resulting in a meltdown of three of the plant’s six nuclear reactors.

The visit by the Fukushima students follows on a 10-day visit to Japan – although not in the Fukushima region – last May by 23 University of Wisconsin–Madison students, also part of the Kakehashi Project. Charo D’Etcheverry, UW–Madison associate professor of Japanese literature, accompanied the UW students and has been coordinating plans for the Madison visit by the Japanese students.

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