英漢26篇-漢英21chinadaily翻譯大賽作品及點評-us has little to teach china about steady economy

USHasLittletoTeachChinaaboutSteadyThereisasecondmyth:thatChinawouldbenefitfromlettingitsexchangeratefloatfreely,lettingmarketforcessettheprice.Nomarketeconomyhasforesworninterveningintheexchangerate.Moretothepoint,nomarketeconomyhasforeswornmacroeconomicinterventions. interveneregularlyinfinancialmarkets,forinstance,settinginterestrates.Somemarketfundamentalistsclaimthat ernmentsshoulddononeofthis.Buttoday,nocountryandfewrespectableeconomistssubscribetotheseviews.Thequestion,then,iswhatisthebestsetofinterventionsinthemarket?Thereisahighcosttoexchangeratevolatility,andcountrieswhereernmentshaveintervenedjudiciouslytostabilisetheirexchangeratehave,byandlarge,donebetterthanthosethathaveExchangeraterisksimposehugecostsoncompanies;itiscostlyandoftenimpossibletodivestthemselvesofthisrisk,especiallyindevelocountries.Thequestionofexchangeratemanagementbringsupabroaderissue:theroleofthestateinmanagingtheeconomy.Today,almosteveryonerecognisesthatcountriescansufferfromtoolittleernmentinterventionjustastheycansufferfromtoomuch.Chinahasbeenrebalancingand,overthepasttwodecades,marketshave emoreimportant,theernmentlessso.Buttheernmentstillplaysacriticalrole.China’sparticularblendhasservedtheChinesewell.Itisnotjustthat eshavebeenrisingatanamazing9percentannually,andthathighrateshavebeensustainedformorethantwodecades,butthefruitsofthatgrowthhavebeenwidelyshared.From1981to2001,422mChinesehavemovedoutofpoverty.TheUSeconomyisgrowingatathirdthepaceofChina’s.Povertyisrisingandmedianhouseholdesare,inrealterms,declining.America’stotalnetsavingsaremuchlessthanChina’s.ChinaproducesfarmoreoftheengineersandscientiststhatarenecessarytocompeteintheglobaleconomythantheUS,whileAmericaiscuttingitsexpendituresonbasicresearchasitincreasesmilitaryspending.Meanwhile,asAmerica’sdebtcontinuestoballoon,itswantstomaketaxcutsfortherichestpeoplepermanent.Withallthisinmind,China’sleadersmaynotfeelneedtoseekadvicefromtheUSonhowtomanageeithertheexchangerateorthe獲獎譯 英譯參考譯 英譯作者：·2005726各國經(jīng)常對進(jìn)行干預(yù)，比如，它們對利率進(jìn)行的調(diào)整。一些市場原教旨主義者，作用。幾乎所有人今天都承認(rèn)，正如干預(yù)過多可使國家損失一樣干預(yù)過少同樣可使國家損失，而中國在這兩者之間一直尋求著某種平衡。在過去的20年國收益一直以9%的驚人速度增長，而且表現(xiàn)在經(jīng)濟(jì)增長的碩果廣泛得到。從1981年至2001年，已有4.22億擺脫了貧窮。，。，趨勢的凈儲蓄總額要遠(yuǎn)遠(yuǎn)低于中國在培養(yǎng)全球經(jīng)濟(jì)競爭中不可或缺的工程師和科學(xué)礎(chǔ)研究的投入。與此同時的繼續(xù)飆升，而的總統(tǒng)卻希望為的最富有群體實施性減稅?？紤]到所有這些因素，無論在如何管理匯率或經(jīng)濟(jì)的問題上，中國的。，人都沒有必要聽從的忠告（點評英譯中語言要提識面要拓本擂臺賽選文出自一篇題為UShaslittletoteachChinaaboutsteadyeconomy文章中的三個自。該文章作者是·(JosephStiglitz)，哥倫比亞大學(xué)教授，2001年獲經(jīng)濟(jì)學(xué)獎。匯率給向公司征收高額帶來風(fēng)險，特別在發(fā)展中國家，高匯率通常不可避免這種風(fēng)大體上說，那些通過來干預(yù)和穩(wěn)定其匯率的國家和，比那些沒有進(jìn)行干預(yù)匯率風(fēng)險會使各大公司蒙受巨大損失，而轉(zhuǎn)嫁這一風(fēng)險成本巨大，而且經(jīng)常無法轉(zhuǎn)嫁，……在大家的來稿中均有人將exchangeratevolatility， ernmentintervention,totalnetsavings,medianhousehold es等術(shù)語譯錯。許多人將medianhousehold es翻譯為“中等家庭收入”或“中產(chǎn)收入，而實際上該術(shù)語指的是有收入家庭經(jīng)濟(jì)收入序列的中間值，英文定義：Themedianhousehold eisonemeasureofaveragehousehold e.Itdividesthehousehold edistributionintotwoequalparts:one-halfofthecasesfallbelowthemedian e,andone-halfabove另外，從“凡是通過干預(yù)穩(wěn)定匯率的國家，總的看來效果都比沒有參預(yù)的好”的Nomarketeconomyhasforesworninterveningintheexch