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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
28
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 one of the problems of the West today according to the passage?
选项
A、Banks are not functioning properly.
B、People are suffering from too much debt.
C、Governments cannot function normally.
D、Economy is experiencing quick recovery.
答案
A
解析
事实细节题。根据题干中的the problems of the West定位到第二段。该段指出的西方国家存在的问题包括:银行由于被过度利用而不能正常运转;政府在巨额债务压力下痛苦呻吟;消费者在重建自己的收支平衡表。所以即使经济开始复苏也很难在短时间内达到快速增长,故[A]正确,其他三个选项均与原文不符。
转载请注明原文地址:https://kaotiyun.com/show/dxd4777K
0
考研英语一
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