India’s growth during the past decade had much to do with loose macroeconomic policies and a deteriorating current account – which recorded a deficit of more than 5% of GDP in 2012, having been in surplus in the early 2000’s. Turkey, another country whose star has faded, also relied on large annual current-account deficits, reaching 10% of GDP in 2011.
就拿印度来说，前不久，它还是又一个著名的成功故事。过去十年，印度增长与宽松的宏观经济政策和恶化的经常项目——2012年报告赤字超过GDP的5%，但在21世纪初期是有盈余的——不无关系。土耳其则是另一颗逐渐暗淡的明星，它也依赖于巨大的年度经常项目赤字，其中2011年达到了GDP的10%。