Emerging markets’ external and fiscal positions have been stronger than ever, thanks to the hard lessons learned from their own crisis-prone history. We might even have allowed these countries a certain measure of schadenfreude in the troubles of the United States and other rich countries, just as we might expect kids to take perverse delight from their parents’ getting into the kinds of trouble they so adamantly warn their children against.
新兴市场的外部头寸和财务状况从未像今天这样强大，这得益于它们从自己常常爆发危机的历史中所获得的痛苦教训。我们甚至应该允许这些国家对于美国和其他富有国家所陷入的麻烦抱以某种幸灾乐祸的态度，正如我们应该允许孩子们在父母不以身作则而遇到麻烦时窃喜。