Massive external-account imbalances were a major factor behind the global financial and economic crisis that erupted in 2008, as well as in the eurozone instability that followed. Now the world economy is in the process of rebalancing – but not in a way that many people had expected.
大规模对外账户失衡是2008年全球金融和经济危机及其后欧元区动荡背后的一个主要因素。现在，全球经济正处于再平衡过程中，但并不是以许多人预期的那样进行的。