2. 考研
  3. 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

admin2013-05-04  98
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 is happening in the new world countries according to the passage?
选项 A、The growth of economy is slowing down.
B、Capital is poured into these countries.
C、People have great confidence in their economy.
D、The value of their currencies has increased.
答案C
解析 事实细节题。文章第四段第一句指出：这些国家的国内气氛出奇地乐观，由此我们可以推断这些国家的经济发展速度放慢，故排除[A]；[B]“资本大量进入这些国家’’在文中也找不到相应依据，可排馀；虽然第二句说这些国家的货币对美元的汇率提高了，这并不意味着这些国家的货币增值了，因为货币的价值是由单位货币能够购买的商品的数量决定的，而不是由对某种货币的汇率决定，故排除[D]。
转载请注明原文地址:https://kaotiyun.com/show/Zxd4777K
0

考研英语一

相关试题推荐
随机试题
最新回复(0)