Moreover, the economies that managed to narrow their external gaps with the US substantially after World War II, notably Germany, Japan, South Korea, Singapore, and Taiwan, ran current-account surpluses throughout their rapid-growth periods. This contradicts American economists’ conventional wisdom that fast-growing countries should borrow today against their larger future shares in the world economy.
此外，二战后成功将对美国外部缺口大幅缩小的经济体——特别是德国、日本、韩国、新加坡和中国台湾——在快速增长期均存在经常项目盈余。这与美国经济学家的传统智慧——快速增长国应该在当下负债以换取将来在世界经济中的更大比重——相反。