G-20 meeting was ‘disappointing’ and ‘disturbing’: Yale’s Stephen Roach
Former Morgan Stanley Asia Chairman Stephen Roach said Monday that the G-20 financial leaders’ dropping their traditionally strong support of free trade was “disturbing” and reflected rising protectionism in the U.S.Watch movie online The Transporter Refueled (2015)
“It’s pretty disappointing when you get finance ministers from leading countries in the world who, out of the blue, are unable to validate the commitment to anti-protectionism which is the underpinning globalization,” Roach, a senior fellow at Yale University’s Jackson Institute of Global Affairs, told CNBC from the China Development Forum in Beijing.
“That’s an obvious reflection of the shifts in the political winds in the United States and indicative of a U.S. economy that is backing away from multilateralism,” Roach said. “It was a disturbing meeting.”