With the right reforms, adopted in concert, the world can make the needed transitions. But one of the risks associated with the large current-account imbalances we now face is that politicians may decide to blame one or another country and espouse protectionist policies.
通过协调实施适当的改革，世界可以实现所需的过渡。但是我们目前面临的大规模的经常项目不平衡带来的风险之一就是政客可能会指责别的国家，采取保护主义政策。这样恰好会加速我们所有人都想避免的全球经济衰退。