Currency undervaluation is such a potent instrument for growth for the simple reason that it creates incentives for the economy’s growth-promoting sectors. It increases the profitability of manufacturing and non-traditional agricultural sectors, which are the activities with both the highest level of labor productivity and with the most rapid rates of productivity increase.
由于能够激励经济增长促进性产业的发展这一简单的理由，货币估值偏低成为推动经济增长的如此强大的工具。它提升了制造和非传统农业部门的盈利性。而这两个产业部门的活动具有最高水平的劳动生产力和最快的生产力增速。