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The World Bank's chief economist1, Justin Yifu Lin, on Monday repeated his call for coordinated2 global stimulus3 to get the global economy out of deep recession.
World Bank's chief economist, Justin Yifu Lin, 28 Jan 2009
Lin told an audience at Washington's Peterson Institute for International Economics that two major issues much be addressed to prevent the global downturn from becoming even more serious.
"One, is whether we can overcome the threat of [trade] protectionism, or not," said Lin. "And second, is whether we have the wisdom to come up with some kind of decisive, large enough, coordinated fiscal4 stimulus."
Lin expressed concern that the commitments to avoid protectionism made by the leaders of 20 high income and developing countries last November might be eroding5. A follow-up summit to the November Group of 20 meeting is scheduled for April in London.
Lin is the first World Bank chief economist to come from a developing country. Prior to assuming his position in June, he headed a research agency at China's Beijing University. He earned an advanced degree in economics from the University of Chicago.
The World Bank official wants 0.7 percent of the value of each country's economic stimulus package to be committed as assistance to the world's poorest countries. Lin said these countries need infrastructure6 projects that can promote economic growth.
"It's because high income countries don't have so many opportunities of those kinds of [infrastructure] investments," he said. "You make those investments in high-income countries, and the case of Japan [in the 1990s] is going to be repeated."
Lin said Japan found that its program in the 1990s for combating a weak economy and deflation through government spending was stymied7 by consumers who cut back even further on spending. Lin did not say whether he thought the same might occur in the United States, which is finalizing8 a program of some $800 billion in tax cuts and emergency government spending.
The Pentagon says orders to deploy9 additional U.S. troops to Afghanistan may not be issued until after a White House strategy review is completed. Previously10, officials had said the troop deployment11 orders would come soon, regardless of the conclusions of the strategy review.
It was just last week that Pentagon Press Secretary Geoff Morrell confirmed what he had said before, that regardless of what strategy President Obama adopts for Afghanistan, more troops will be needed to improve security.
Pentagon press secretary Geoff Morrell speaks during a news conference, at the Pentagon in Washington (File)
"My understanding is that whatever decision is made, on additional forces for Afghanistan, will likely take place in advance of the conclusion of the strategy review that this White House has undertaken on Afghanistan," said Morrell.
Morrell also said the logistics of sending tens of thousands of troops half-way around the world would require those decisions before the White House review is completed, which could be several weeks or more.
But another Pentagon spokesman, Bryan Whitman, said Monday the strategy review and the troops deployment decision are being conducted in "parallel" and that "time will tell" which is completed first.
"There is certainly a fairly unanimous understanding that some level of force increase is necessary in Afghanistan. How much? When? All those things, those are being looked at. But is it conceivable that you could have some announcements about deployment orders, additional forces going into Afghanistan, before the strategy review is totally completed? Sure," he said. "Is it possible that we might not have those announcements until the strategy review is completed? Sure."
Whitman called weekend news reports of a delay in the troop deployments "fundamentally misinformed." The reports, including one in the Times of London, said President Obama decided12 to hold any deployment announcement at least until the strategy review is farther along.
Whitman said there was never a firm date for the deployment announcement, which many observers had expected last week. But at the same time, Whitman acknowledged he was being less "definitive13" on the timing14 than his colleague Geoff Morrell has been in recent weeks.
And while the White House review of U.S. strategy in Afghanistan is continuing, Whitman also said Defense15 Secretary Robert Gates has not changed his view of the need for about 10,000 more U.S. combat troops and thousands more support troops to be sent there this year, in addition to several thousand who have already arrived.
"There has been no change to what the secretary has characterized in the past in terms of what we believe is not only necessary, but also the timelines in which he remains16 hopeful to provide some of that capability," said Whitman.
The United States has about 36,000 troops in Afghanistan, and the further deployments could bring the number to about 60,000. U.S. officials have signaled that the Obama Administration, will continue to pursue a counterinsurgency strategy, trying to improve security, move to local control and reconciliation17, and promote economic development. But they also say some broader Bush administration goals, such as establishing a western-style democracy and society, may be put aside, at least for the next several years.
1 economist | |
n.经济学家,经济专家,节俭的人 | |
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2 coordinated | |
adj.协调的 | |
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3 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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4 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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5 eroding | |
侵蚀,腐蚀( erode的现在分词 ); 逐渐毁坏,削弱,损害 | |
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6 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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7 stymied | |
n.被侵袭的v.妨碍,阻挠( stymie的过去式和过去分词 ) | |
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8 finalizing | |
vt.完成(finalize的现在分词形式) | |
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9 deploy | |
v.(军)散开成战斗队形,布置,展开 | |
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10 previously | |
adv.以前,先前(地) | |
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11 deployment | |
n. 部署,展开 | |
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12 decided | |
adj.决定了的,坚决的;明显的,明确的 | |
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13 definitive | |
adj.确切的,权威性的;最后的,决定性的 | |
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14 timing | |
n.时间安排,时间选择 | |
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15 defense | |
n.防御,保卫;[pl.]防务工事;辩护,答辩 | |
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16 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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17 reconciliation | |
n.和解,和谐,一致 | |
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