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VOA标准英语2009年-Nobel-Winning Economist says System Stacked Aga

时间:2009-04-02 05:53:13

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Nobel Prize-winning economist1 Joseph Stiglitz says the global economic system is stacked against developing countries. He warns rich countries will lose out by ignoring the plight2 of poor nations during these testing times.
 
Joseph Stiglitz at the World Economic Forum3 in Davos, 31 Jan 2009

Nobel laureate, economist Joseph Stiglitz spoke4 at a meeting of a U.N. Commission of Experts to explore reforms of the International Monetary5 and Financial System. The Commission was created to deal with the impact of the financial crisis on developing countries.

Stiglitz says the Commission supports the view there needs to be a strong stimulus6 by all countries in the world, but he notes poor countries do not have the billions of dollars needed to revive their economies.

"There is a very strong need for additional funding to developing countries in order for them to respond adequately," he said. "And, it is a matter of social justice. It is also a matter of the interest of the advanced industrialized countries because you will not have a robust7 global recovery if one part, a very important part of the international system is not working well."

Stiglitz says the Commission is concerned about the rising tide of protectionism. These policies, he says, exist in the stimulus packages of some countries. He says they discriminate8 against developing countries.

He decries9 the many distortions in international trade created by tariffs10 and subsidies11. He says subsidies in rich countries have totally destroyed, what he calls, the level playing field, putting poor countries at a permanent disadvantage.

"The fact that the developed countries have stood ready to provide these subsidies means that the level playing field will be destroyed for years to come because it means that companies, financial firms in developed countries can undertake risks that those in developing countries cannot, knowing that if there is a problem, they may be bailed12 out," he said. "So, that the nature of a free-market economy has been really undermined by what has happened."

Economist Stiglitz says funds need to be provided to developing countries to offset13 this distortion in the global economic system. He says if rich countries do not provide assistance to poor countries the fallback could be very serious.

Stiglitz says this can already be seen in Europe, where the collapse14 of Eastern Europe is likely to weaken financial institutions in the West and that, in turn, may weaken financial institutions all over the world.

The U.N. group of experts is expected to come up with a series of recommendations by the end of the month on ways to facilitate recovery and prevent another crisis in the future.


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1 economist AuhzVs     
n.经济学家,经济专家,节俭的人
参考例句:
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家,自以为什么都懂。
2 plight 820zI     
n.困境,境况,誓约,艰难;vt.宣誓,保证,约定
参考例句:
  • The leader was much concerned over the plight of the refugees.那位领袖对难民的困境很担忧。
  • She was in a most helpless plight.她真不知如何是好。
3 forum cilx0     
n.论坛,讨论会
参考例句:
  • They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
  • The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。
4 spoke XryyC     
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说
参考例句:
  • They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
  • The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。
5 monetary pEkxb     
adj.货币的,钱的;通货的;金融的;财政的
参考例句:
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
6 stimulus 3huyO     
n.刺激,刺激物,促进因素,引起兴奋的事物
参考例句:
  • Regard each failure as a stimulus to further efforts.把每次失利看成对进一步努力的激励。
  • Light is a stimulus to growth in plants.光是促进植物生长的一个因素。
7 robust FXvx7     
adj.强壮的,强健的,粗野的,需要体力的,浓的
参考例句:
  • She is too tall and robust.她个子太高,身体太壮。
  • China wants to keep growth robust to reduce poverty and avoid job losses,AP commented.美联社评论道,中国希望保持经济强势增长,以减少贫困和失业状况。
8 discriminate NuhxX     
v.区别,辨别,区分;有区别地对待
参考例句:
  • You must learn to discriminate between facts and opinions.你必须学会把事实和看法区分出来。
  • They can discriminate hundreds of colours.他们能分辨上百种颜色。
9 decries 0c3f610c09f73142cd3a4986bda3bb7f     
v.公开反对,谴责( decry的第三人称单数 )
参考例句:
  • Mr Basescu decries communism as criminal, but Bulgarian leaders only mumble. 巴塞斯库总统将共产主义比作犯罪,而对这个问题,保加利亚的领导人却避而不谈。 来自互联网
  • A staunch materialist,he decries economy. 一个坚定的唯物主义者公开谴责经济。 来自互联网
10 tariffs a7eb9a3f31e3d6290c240675a80156ec     
关税制度; 关税( tariff的名词复数 ); 关税表; (旅馆或饭店等的)收费表; 量刑标准
参考例句:
  • British industry was sheltered from foreign competition by protective tariffs. 保护性关税使英国工业免受国际竞争影响。
  • The new tariffs have put a stranglehold on trade. 新的关税制对开展贸易极为不利。
11 subsidies 84c7dc8329c19e43d3437248757e572c     
n.补贴,津贴,补助金( subsidy的名词复数 )
参考例句:
  • European agriculture ministers failed to break the deadlock over farm subsidies. 欧洲各国农业部长在农业补贴问题上未能打破僵局。
  • Agricultural subsidies absorb about half the EU's income. 农业补贴占去了欧盟收入的大约一半。 来自《简明英汉词典》
12 bailed 9d10cc72ad9f0a9c9f58e936ec537563     
保释,帮助脱离困境( bail的过去式和过去分词 )
参考例句:
  • Fortunately the pilot bailed out before the plane crashed. 飞机坠毁之前,驾驶员幸运地跳伞了。
  • Some water had been shipped and the cook bailed it out. 船里进了些水,厨师把水舀了出去。
13 offset mIZx8     
n.分支,补偿;v.抵消,补偿
参考例句:
  • Their wage increases would be offset by higher prices.他们增加的工资会被物价上涨所抵消。
  • He put up his prices to offset the increased cost of materials.他提高了售价以补偿材料成本的增加。
14 collapse aWvyE     
vi.累倒;昏倒;倒塌;塌陷
参考例句:
  • The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
  • The engineer made a complete diagnosis of the bridge's collapse.工程师对桥的倒塌做了一次彻底的调查分析。

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