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
考研
Demography, which is about long term trends, may seem an unusual prism through which to view a global crisis sparked by financia
Demography, which is about long term trends, may seem an unusual prism through which to view a global crisis sparked by financia
admin
2015-09-30
30
问题
Demography, which is about long term trends, may seem an unusual prism through which to view a global crisis sparked by financial sector bubbles. But those seeking a sustainable way out of the crisis would do well to take account of it.
This is a crisis not only of too great expectations of asset price growth, but of too great expectations of how fast the economy of an aging world can grow, leading to massive overinvestment in everything from houses to cars.
The global annual average growth of 5 percent in the five years ending in 2007 was bought at a high cost to the future, and a slowing growth in the workforce means expectations must be lowered further. Policies need to be shaped to demographic realities.
Think of Japan, the world’s oldest society. Years of fiscal stimulus have had only a modest impact on growth. Infusions of yet more yen borrowed from its citizenry and from companies reluctant to reinvest their profits seem unlikely to have more than short-term impact.
Japan’s workforce is declining and age is taking a toll both on innovation and the desire to spend.
The only chance for global growth rates to return to previous norms is to find ways of increasing growth in those countries that have more favorable demographics.
In theory, that might be Africa. Hut stability issues in many sub Saharan African countries suggest that the more realistic opportunities exist in South Asia, parts of Southeast Asia and the Middle East/ North Africa. Yet in some of the countries with potential Iran is a good example the politics is forbidding. In others, the financing tools or social infrastructure are inadequate.
Still, these countries offer the most hope of compensating for demography-driven slowdowns elsewhere. A trillion or two dollars in credit for them will do more for the global economy than similar stimulus for countries with aging populations.
As for aging countries, the crisis has clearly shown the need to raise retirement ages by five years to reflect increases in life spans to relieve the state budgets now weighed down by bank bailouts, and to reduce the burden on corporate and other pension schemes.
In East and West alike, most people are willing and able to work longer and remain productive members of society until 70 or beyond. Few are doing so.
Only a return to replacement-level fertility rates will provide a lasting solution. Meanwhile, the need for later retirement is urgent. This crisis underlines the necessity for developed country governments to adjust spending and social policies to demographic realities at home and abroad.
The global financial crisis might have been caused mainly by______.
选项
A、the global annual average growth of 5 percent
B、the pursuit for unreasonable economic growth rate
C、the slowing growth in workforce in an aging world
D、the unbalanced investment in everything such as houses
答案
B
解析
根据第二段中的“This is a crisis not only of too—great expectations of asset price growth,butof too—great expectations of how fast the economy of an aging world can grow,…”,B应为答案。
转载请注明原文地址:https://kaotiyun.com/show/bWzZ777K
0
考研英语一
相关试题推荐
Smoking,whichmaybeapleasureforsomepeople,isaserioussourceofdiscomforttotheirfellows.(1)_____,medicalauthorit
Bilingualism,ofcourse,canbealegupforcollegeadmissionandaresumepolisher.Butagrowingbodyofresearchnowoffers
Bilingualism,ofcourse,canbealegupforcollegeadmissionandaresumepolisher.Butagrowingbodyofresearchnowoffers
[A]EachNewYear’sDaylotsofpeoplemakeplanstodomoreexerciseorgiveupsmoking.ButbyJanuary2ndmanyofthemhaven
Accordingtothepassage,peopleoftenwronglybelievethatinpursuingacareerasamanagerExperimentsbyscientistshavesh
TheInternetRemadeSpyingProfessionWildBillDonovanwouldhavelovedtheInternet.TheAmericanspymasterwhobuiltthe
Realpolicemen,bothBritainandtheUnitedStateshardlyrecognizeanyresemblancebetweentheirlivesandwhattheyseeonTV—
Theroleofgovernmentsinenvironmentalmanagementisdifficultbutinescapable.Sometimes,thestatetriestomanagetheresou
Theroleofgovernmentsinenvironmentalmanagementisdifficultbutinescapable.Sometimes,thestatetriestomanagetheresou
Agreatmanycreatureshavewhatarecalledwarningcolours,thatistosay,thecolourationwarnseverycreaturethattheanima
随机试题
电路如图3—9所示,设变压器和各二极管性能理想U21=U22=U2=15V。判断这是哪一种整流电路?
慢性肾功能不全的贫血,下列治疗方法最根本、最有效的方法
用友软件系统允许以()身份注册进入系统管理。
以下是2005年全国资金流量表实物交易部分,请根据该表数据回答以下有关问题。2005年总储蓄额位于前两位的机构部门是()。
对企业在销售商品的同时授予给客户的奖励积分,下列会计处理中,错误的是()。
无论儿童还是老人都按成人接待价格购买机票,住房,用餐,门票等。()
青少年学生的情绪情感具有爆发性和冲动性、外露性和内隐性的发展特点。()
以下各项不全是莎士比亚作品的是——。
简述法条竞合的构成特征。
Whatdoesthemanwanttobuy?
最新回复
(
0
)