[欧盟口译训练A1，英语].Euit-en-10100608.pdfVIP

1 策马翻译培训 Euit EU interpretation training 欧盟口译训练 Copyright © 2010 CEMACHINA.COM, All Rights Reserved EU interpretation training | A zh-en 2 策马翻译培训 亚洲的复仇（下） ASIAS REVENGE The savings glut had another dimension, 储蓄过剩还有另一个方面的影响，并与 related to a second financial shock – the 随后一次金融冲击有关——2000 年互联网 bursting of the dotcom bubble in 2000. One 泡沫的破灭。后果之一，是大部分高收入国 consequence was the move of the corporate 家的企业界积累了大量财务盈余。换句话 sectors of most high-income countries into 说，公司的留存收益已超过其投资。非金融 financial surplus. In other words, their 企业成为资金提供者，而不是从银行和其它 retained earnings came to exceed their 资本供应商处贷款。 investments. Instead of borrowing from banks and other suppliers of capital, non-financial corporations became providers of finance. In this world of massive savings 一批重要国家拥有大量储蓄盈余，与此 surpluses in a range of important countries 同时，非金融企业的资本需求又相对疲软， and weak demand for capital from 各国央行因而开始实行宽松的货币政策。这 non-financial corporations, central banks ran 么做的原因，是由于这些央行担心(经济)有 easy monetary policies. They did so because 可能发生通货紧缩。尤其是美联储，该机构 they feared the possibility of a shift into 的决策者们意识到，必须抵消掉大量私人资 deflation. The Fed, in particular, found itself 本、特别是公共资本流入美国所产生的紧缩 having to offset the contractionary effects of 效应。 the vast flow of private and, above all, public capital into the US. A simple way of thinking about what has 关于全球经济在 2000 年后所发生的变 happened to the global economy in the 2000s 化，简单来看，就是具有弹性信贷体系的高 is that high-income countries with elastic 收入国家和愿意承担更多债务的家庭，抵消 credit systems and households willing to take 了世界其它国家