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Emerging Economic Powerful Country After Economic Crisis It is becoming increasingly clear-that the story of the global econ
Emerging Economic Powerful Country After Economic Crisis It is becoming increasingly clear-that the story of the global econ
admin
2013-05-04
54
问题
Emerging Economic Powerful Country After Economic Crisis
It is becoming increasingly clear-that the story of the global economy is a tale of two worlds. In one, there is only gloom and doom, and in the other there is light and hope. In the traditional centers of wealth and power—America, Europe and Japan—it is difficult to find much good news. But there is a new world out there—China, India, Indonesia, , Brazil—in which economic growth continues to power ahead.
Compare the two worlds. On the one side is the West(plus Japan), with banks that are over-utilized and thus dysfunctional, governments groaning under debt, and consumers who are rebuilding their broken balance sheets. America is having trouble selling its lOUs at attractive prices (the last three Treasury auctions have gone badly); its largest state, California, is heading toward total fiscal collapse; and its budget deficit is going to surpass 13 percent of GDP a level last seen during World War II. With all these burdens, even if there is a recovery, the United States might not return to fast-paced growth for a while. And it’s probably more dynamic than Europe or Japan.
Meanwhile, emerging-market banks are largely healthy and profitable. (Every Indian bank, government-owned and private, posted profits in the last quarter of 2008) The governments are in good fiscal shape. China’s strengths are well known-$2 trillion in reserves, a budget deficit that is less than 3 percent of GDP-but consider Brazil, which is now posting a current account surplus. Or Indonesia, which has reduced its debt from 100 percent of GDP nine years ago to 30 percent today. And unlike in the West—only a year ago, their chief concern was an overheated economy and inflation. Brazil has cut its interest rate substantially, but only to 10.25 percent, which means it can drop it further if things deteriorate even more.
The mood in many of these countries remains surprisingly optimistic. Their currencies are appreciating against the dollar because the markets see them as having better fiscal discipline as well as better long-term growth prospects than the United States. Their bonds are rising. This combination of indicators, all pointing in the same direction, is unprecedented.
The United States remains the richest and most powerful country in the world. Its military spans the globe. But from the Spanish Empire of the 16th century to the British Empire in the 20th century, great global powers found that their fortunes begin to turn when they get overburdened with debt and stuck in a path of slow growth. These are early warnings.
What can we draw from the first paragraph?
选项
A、Some Asian countries are continuing their fast economic growth.
B、Traditional powerful economic centers remain powerful.
C、Gloom and doom influenced all the countries in the west.
D、The globe is divided into two worlds at present.
答案
A
解析
推理判断题。由题干定位到第一段。最后一句指出:在中国、印度、印尼西亚和巴西经济增长继续保持强劲的势头,而这四个国家中有三个都是位于亚洲,因此[A]正确。第一段并未提到传统的经济强国是否仍然保持的强大的国力,故排除[B];第一段提到在一个世界中到处是绝望和没落,通过分析我们可以知道这个世界具体指的是美国、欧洲和日本,而西方国家并不仅仅指这三个地方,故排除[C];第一段说全球好像变成了两个世界的故事,这只是用比喻的方式说明在世界的不同地方经济发展状况是不一样的,并不是这个世界真的被分成了两部分,故排除[D]。
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0
考研英语一
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