Besides, the US needs these investments to help re-capitalize its badly weakened financial system. However, even if we can agree on keeping the US open to sovereign wealth fund investments, that is no reason for promoting exchange-rate policies that exacerbate the very trade imbalances that are driving the whole sovereign wealth fund phenomenon in the first place.
鲍尔森部长强调美国对主权财富基金进行“商业开放”。人们可以期望他的信心是正当合理的。美国没有理由对在美国的主权投资施加超过其在贸易上已有的重大的新限制。除此之外，美国需要这些投资来给它虚弱不堪的金融系统重新注入资本。但是，即使我们在美国对主权财富基金投资开放上取得一致，这也并不能成为推进加剧贸易失衡的汇率政策的理由，而贸易失衡又首先驱动了整个主权财富基金现象。