Ironically, the IMF’s new investment mantra ultimately leads back to large global imbalances. But, far from decrying this as a major failure of global policy coordination, economists should accept imbalances as the natural state of the world and try to manage the resulting distortions.
讽刺的是，IMF的新投资咒语最终又绕回到严重的全球失衡上。但是，经济学家不应该将此指责为全球政策协调的大失败，而应该接受失衡是世界的常态并试图遏制由此带来的扭曲。