BERKELEY – The start of 2014 marks ten years since we began fretting about global imbalances, and specifically about the chronic trade and current-account imbalances of the United States and China. A decade later, we can happily declare that the era of global imbalances is over.
伯克利—2014年是我们开始担心全球失衡问题，特别是美国和中国之间长期存在的贸易和经常项目失衡的第十个年头。十年后，我们可以愉快地宣布，全球失衡结束了。因此，现在应该从这段时间吸取正确的教训。