www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

您現(xiàn)在的位置: Language Tips> Audio & Video> Normal Speed News  
   
 





 
Global financial instability expected to continue
[ 2009-09-16 15:10 ]

 

A leading expert on economic development and poverty alleviation says the panic that followed the eruption of the financial crisis last year is probably over. But he warns global financial instability is likely to go on for years because nations have only come up with short-term remedies and have not addressed the structural changes needed to reform the economic system.

Global financial instability expected to continue

The director of the Earth Institute, Jeffrey Sachs, says the panic phase of the current crisis is probably over, as is the fear that the world economy could fall into a depression.

But while nations have managed to avoid the worst, he says the global economy remains on average very bad, with the poorest countries living on the edge of survival.

Sachs blames the financial crisis on a disastrously bad monetary policy and disastrously poor financial regulation.

"The crisis has its epicenter in Wall Street. If I had to point to one clear trigger of this crisis, it was the emergence of a ... completely failed and inappropriate credit default swap market, which went from zero to $62 trillion in seven years without a single regulator paying any attention to it. And, that CDS market, the Credit Default Swap Market, was a kind of fairy dust that was sprinkled over the world financial system to make believe that toxic assets were safes," said Sachs.

He says it is unclear whether governments will get a properly regulated system that will be safer for everybody. He also expresses his disdain for the multimillion-dollar bonuses corporate executives receive and fears this practice will continue.

Sachs is a strong proponent of environmentally friendly technology. When the financial crisis hit last year, he says many people looked forward to a so-called green recovery.

He says they thought increased investment in new technology aimed at climate change mitigation and environmental conservation would salvage the global economy.

"This has not occurred. There has been no green recovery. There has been no significant investment in renewable energy sources. No major increase in sustainable infrastructure. What has happened is that the panic has been broken through very expansionary monetary and fiscal policies, but not through structural change," Sachs said.

He says governments have not come up with real structural change that can give a perspective over the course of years and decades.

He says there are no coherent policies linking the macroeconomics, the environmental concerns, and the development concerns. Therefore, he says the world economy remains highly unbalanced and highly fragile.

disdain:a feeling or show of contempt and aloofness; scorn(蔑視;鄙視)

epicenter: the point on the Earth's surface that is directly above the hypocenter or focus, the point where an earthquake or other underground explosion originates 震中

Related stories:

Recession easing, but many Americans still afraid to spend

US Treasury Secretary: Economy improving, needs more help

Obama launches revived campaign for financial reform

Roubini warns on double-dip

(Source: VOA 英語(yǔ)點(diǎn)津編輯)

英語(yǔ)點(diǎn)津版權(quán)說(shuō)明:凡注明來(lái)源為“英語(yǔ)點(diǎn)津:XXX(署名)”的原創(chuàng)作品,除與中國(guó)日?qǐng)?bào)網(wǎng)簽署英語(yǔ)點(diǎn)津內(nèi)容授權(quán)協(xié)議的網(wǎng)站外,其他任何網(wǎng)站或單位未經(jīng)允許不得非法盜鏈、轉(zhuǎn)載和使用,違者必究。如需使用,請(qǐng)與010-84883631聯(lián)系;凡本網(wǎng)注明“來(lái)源:XXX(非英語(yǔ)點(diǎn)津)”的作品,均轉(zhuǎn)載自其它媒體,目的在于傳播更多信息,其他媒體如需轉(zhuǎn)載,請(qǐng)與稿件來(lái)源方聯(lián)系,如產(chǎn)生任何問(wèn)題與本網(wǎng)無(wú)關(guān);本網(wǎng)所發(fā)布的歌曲、電影片段,版權(quán)歸原作者所有,僅供學(xué)習(xí)與研究,如果侵權(quán),請(qǐng)?zhí)峁┌鏅?quán)證明,以便盡快刪除。
相關(guān)文章 Related Story
 
 
 
本頻道最新推薦
 
Kick oneself 追悔莫及
國(guó)慶“禁飛” ban on flying activities
All-star movie gives nation's history
俚語(yǔ)/ 情侶關(guān)系
英國(guó)人不能有“天倫之樂(lè)”嗎?
翻吧推薦
 
論壇熱貼
 
經(jīng)典英語(yǔ)口語(yǔ),不得不看(推薦)
I chocolate you!怎么翻譯?
請(qǐng)教obama演講里的一句話
 
曬曬小D機(jī)器人暴強(qiáng)的翻譯
美國(guó)校園最in俗語(yǔ)大全

 

主站蜘蛛池模板: 色综合久久88色综合天天小说 | 日韩欧美视频在线播放 | 高跟丝袜美女一级毛片 | 亚洲成年网站在线观看 | 亚洲欧洲日本天天堂在线观看 | 国产精品手机在线 | 亚洲男人的天堂在线观看 | 亚洲综合网在线 | 亚洲成人在线视频网站 | 久草综合在线观看 | 美国一级毛片片aaa 美国一级毛片片aa成人 | 欧美aaa视频| 国产视频自拍偷拍 | 男人的天堂在线免费视频 | a一级免费视频 | 男人一进一出桶女人视频 | 久草免费福利 | 日韩综合久久 | 九一福利视频 | 亚洲国产欧洲综合997久久 | 爱爱爱久久久久久久 | 欧美日韩精品一区二区 | 国产97视频在线 | 女人张开腿给男人桶爽免费 | 欧美成人h精品网站 | 亚洲综合国产一区二区三区 | 欧美一级日韩一级亚洲一级 | 中文字幕曰韩一区二区不卡 | 在线免费黄色网址 | 国产午夜精品一区二区三区不卡 | 69成人| 久久久久久久久免费影院 | 精品久久久久久久久久久久久久久 | 色噜噜国产精品视频一区二区 | 美女毛片儿 | 亚洲精品久久久久久久福利 | 精品韩国主播福利视频在线观看一 | 免费在线观看的毛片 | 日本农村寡妇一级毛片 | 国产成人精品曰本亚洲77美色 | 在线高清免费爱做网 |