Many observers believe that these global imbalances reflect developing economies’ financial integration, coupled with underdevelopment of domestic financial markets. According to this view, these countries’ demand for assets cannot be met – in terms of both quantity and quality –&nbsp;at home, so they deploy part of their savings to countries like the US, which can offer a more diverse array of quality assets.
很多观察家认为这样的全球失衡反映了发展中国家金融一体化的现状，以及国内金融市场还很不成熟。按照此类说法，这些国家对资产的需求（无论从数量还是质量上）都无法在国内得到满足，因此他们只得将部分储蓄配置到以美国为首的国家，因为这些国家拥有更多样化的优质资产可供选择。