首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
This Christmas the world economy offers few reasons for good cheer. As credit contracts and asset prices declined, demand across
This Christmas the world economy offers few reasons for good cheer. As credit contracts and asset prices declined, demand across
admin
2010-10-28
92
问题
This Christmas the world economy offers few reasons for good cheer. As credit contracts and asset prices declined, demand across the globe is declining. Rich countries collectively face the severest recession since the Second World War: this week’s cut in the target for the federal funds rate to between zero and 0.25% shows how fearful America’s policymakers are. And conditions are deteriorating fast too in emerging economies, which have been exhausted by declining exports and the drying-up of foreign finance.
This news is bad enough in itself; but it also poses the biggest threat to open markets in the modem era of globalization. For the first time in more than a generation, two of the engines of global integration -- trade and capital flows -- are shifting into reverse at the same time. The World Bank says that net private capital flows to emerging economies in 2009 are likely to be only half the record $ 1 trillion of 2007, while global trade volumes will shrink for the first time since 1982.
This twin shift will force adjustments. Countries that have relied on exports to drive growth, from China to Germany, will slump unless they can boost domestic demand quickly. There is a risk that in their discomfort governments turn to an old, but false, friend: protectionism. Integration has less appeal when pain rather than prosperity is hanging across borders. It will be tempting to support domestic jobs and incomes by diverting demand from abroad with export subsidies, tariffs and cheaper currencies.
The lessons of history, though, are clear. The economic isolationism of the 1930s cruelly intensified the Depression. To be sure, the World Trade Organization (WTO) and its multilateral trading rules are a bulwark(壁垒) against protection on that scale. But today’s globalised economy, with far-stretched supply chains and just-in-time delivery, could be disrupted by policies much less dramatic than the Smoot-Hawley act. A modest shift away from openness -- well within the WTO’s rules -- would be enough to turn the recession of 2009 much nastier. Increased protection of that sort is, alas, all too plausible.
Recession in rich and emerging markets is not only a bad news, but also threatens ______.
选项
答案
open markets
解析
空白处应填入threaten的宾语。文章第一段讨论了全球经济的萧条形势,然后在定位句中提到经济不景气不仅是个坏消息,而且还会影响到开放的市场(open markets);由threaten和pose threat to同义,可推出本题答案为open markets。
转载请注明原文地址:https://kaotiyun.com/show/Tzs7777K
0
大学英语六级
相关试题推荐
WhenKathieGifford’sfacewassplashedacrossthenewspapersin1996afterherlucrativelineofWalmartclothingwasexposeda
A、Thatshewasvacuumingherapartment.B、Thatshewasveryhappy.C、Thatshewashittingherhusbandwithahouseholdappliance
BillGates,thebillionaireMicrosoftchairmanwithoutasingleearneduniversitydegree,isbyhissuccessraisingnewdoubtsa
PassageOneEnglishisoneofthemostimportantlanguagesoftheworldtodayspokenbymorethan300,000,000people,endit
Inrecentyears,therehasbeenabigincreaseinairtravelandmanylargeairportshavenowreachedthelimitofthenumberof
A、TochatwithJacksocially.B、Togethelpinthecourse.C、Tohandintheirassignments.D、Topracticegivinginterviews.B
WhatheWantedtoemphasizewastheimpactofthesefindings_________________(而不是导致这些发现的过程).
Packagingisthedesignandproductionofphysicalcontainerforaproduct,whichinfactbecomesapartoftotalutilityofthe
GMOrganismsByfarthemostcommongeneticallymodified(GM)organismsarecropplants.Butthetechnologyhasnowbeenapp
Wearetoldthat______________________(老师在评价一篇文章并打分时,可能是根据总体印象而不是根据仔细的分析).
随机试题
维修更换消火栓按钮时不需要配套的编码器。()
Withanappropriaterelativepronounorrelativeadverb:Thisisthefactory_______weworkedayearago.
盐析法分离蛋白质的原理是
扑翼样震颤
诱导T细胞激活和增殖的第二信号是
丁公司是否有权收购本公司股份?为什么?本案例中丁公司收购本公司股份的行为有哪些不符合法律规定之处?法院是否应当支持杨某的主张?为什么?
某县人民法院审理一起盗窃案时,发现被告人还有诈骗的犯罪事实没有起诉。对此,该人民法院应当采取下列哪种处理方式?()
按情感的分类,成功解决一道难题后产生的自豪、愉快感属于()。
党在过渡时期的总路线的主要内容被概括为“一化三改”。“一化”是主体,“三改”是“两翼”。两者相辅相成,相互促进。两者关系直接体现了过渡时期总路线的最显著特点,即
A、Compulsories,originaldance,andfreedance.B、Compounds,snowdance,andfreedance.C、Compulsories,snowdance,andfreeda
最新回复
(
0
)