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VOA标准英语2009年-Nobel Economist Says Asia's Economies in '

时间:2009-09-08 03:03:29

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Nobel Prize-winning economist1 Joseph Stiglitz says Asia's economies are on the way to recovery after the most severe downturn in a decade. But he sees the need for greater regulation and monitoring of global financial markets.
 
Joseph E. Stiglitz (file photo)

Joseph Stiglitz says Asia's economies are in a good position to reduce their dependence2 on exporting goods to the United States and Europe.

Speaking at a conference in Bangkok Friday, Stiglitz said he was upbeat over the economic outlook for the region. After slumping3 along with most other economies, Asian markets are rallying and some economies are expanding again, aided by government stimulus4 efforts.

He said they should look more to the regional and domestic markets to boost growth.

"Asia's recovery has been remarkable5. People are talking about a 'V' shaped recovery," he said. "The big issue that it raises is can Asia decouple from the West - the U.S. and Europe? You have a robust6 large economy here in Asia and so you have the basis of developing a regional economy."

Stiglitz, who won the Nobel Prize for economics in 2001, said that to protect economies, there needs to be global cooperation in regulating markets.

He criticized the management of the U.S. financial system and the deregulation of markets, which he said "brought instability and risk without return."

"The crisis is a failure of capitalism7, American style. And it shows that the presumptions8 on which that kind of capitalism was based have not worked," he said. "In my mind it highlights the need for a balanced role of the state - a balance between the market, the state, and NGOs [non-government organizations] and other actors in society."

He also criticized the U.S. government's multibillion dollar rescue of the leading banks. Stiglitz says the rescue packages benefited companies and stock holders9, but did little to help average Americans.

Stiglitz advocated shifting away from using the dollar as the dominant10 global reserve currency. He says the dollar is "not a good store of value" given the high public debt and uncertain economic outlook in the U.S.

Thai Prime Minister Abhisit Vejjajiva also addressed the conference, calling for the creation of an international institution to regulate global financial markets. He said that emerging economies should have a greater voice in multilateral financial institutions such as the World Bank.

The Thai economy is facing a contraction11 of three to four percent this year. But Mr. Abhisit says the outlook will improve later in the year.


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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 dependence 3wsx9     
n.依靠,依赖;信任,信赖;隶属
参考例句:
  • Doctors keep trying to break her dependence of the drug.医生们尽力使她戒除毒瘾。
  • He was freed from financial dependence on his parents.他在经济上摆脱了对父母的依赖。
3 slumping 65cf3f92e0e7b986ced17e25a7abe6f9     
大幅度下降,暴跌( slump的现在分词 ); 沉重或突然地落下[倒下]
参考例句:
  • Hong Kong's slumping economy also caused a rise in bankruptcy applications. 香港经济低迷,破产申请个案随之上升。
  • And as with slumping, over-arching can also be a simple postural habit. 就像弯腰驼背,过度挺直也可能只是一种习惯性姿势。
4 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。
5 remarkable 8Vbx6     
adj.显著的,异常的,非凡的,值得注意的
参考例句:
  • She has made remarkable headway in her writing skills.她在写作技巧方面有了长足进步。
  • These cars are remarkable for the quietness of their engines.这些汽车因发动机没有噪音而不同凡响。
6 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。
7 capitalism er4zy     
n.资本主义
参考例句:
  • The essence of his argument is that capitalism cannot succeed.他的论点的核心是资本主义不能成功。
  • Capitalism began to develop in Russia in the 19th century.十九世纪资本主义在俄国开始发展。
8 presumptions 4bb6e62cc676264509a05ec20d1312e4     
n.假定( presumption的名词复数 );认定;推定;放肆
参考例句:
  • Much modern technological advance is based on these presumptions of legal security. 许多现代技术的发展都是基于这些法律安全设想的考虑。 来自互联网
  • What visions, what expectations and what presumptions can outsoar that flight? 那一种想象,那一种期望和推测能超越他之上呢? 来自互联网
9 holders 79c0e3bbb1170e3018817c5f45ebf33f     
支持物( holder的名词复数 ); 持有者; (支票等)持有人; 支托(或握持)…之物
参考例句:
  • Slaves were mercilessly ground down by slave holders. 奴隶受奴隶主的残酷压迫。
  • It is recognition of compassion's part that leads the up-holders of capital punishment to accuse the abolitionists of sentimentality in being more sorry for the murderer than for his victim. 正是对怜悯的作用有了认识,才使得死刑的提倡者指控主张废除死刑的人感情用事,同情谋杀犯胜过同情受害者。
10 dominant usAxG     
adj.支配的,统治的;占优势的;显性的;n.主因,要素,主要的人(或物);显性基因
参考例句:
  • The British were formerly dominant in India.英国人从前统治印度。
  • She was a dominant figure in the French film industry.她在法国电影界是个举足轻重的人物。
11 contraction sn6yO     
n.缩略词,缩写式,害病
参考例句:
  • The contraction of this muscle raises the lower arm.肌肉的收缩使前臂抬起。
  • The forces of expansion are balanced by forces of contraction.扩张力和收缩力相互平衡。

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