CAJ | 학술논문

全球不平衡在上世纪八十年代主要表现为美国与日本等国家之间的贸易经济不平衡,并最终引发日元对美元大幅度升值。当今＂复活的布雷顿森林体系下＂国际经济不平衡主要表现为美国与中国等新兴市场国家以及石油出口国之间的不平衡,这种状况不会导致类似的人民币对美元大幅度升值。2008年爆发的国际金融危机并不是全球并不平衡的结果,它更多的反映了美国等国家国内经济中的问题。目前的不平衡给我国内外经济关系调整带来压力,应该主要从国内经济结构调整、经济增长方式的转变以及建立更加完善有效的金融体系方面努力改革,逐步改善不平衡状况。
전구불평형재상세기팔십년대주요표현위미국여일본등국가지간적무역경제불평형,병최종인발일원대미원대폭도승치。당금＂복활적포뢰돈삼림체계하＂국제경제불평형주요표현위미국여중국등신흥시장국가이급석유출구국지간적불평형,저충상황불회도치유사적인민폐대미원대폭도승치。2008년폭발적국제금융위궤병불시전구병불평형적결과,타경다적반영료미국등국가국내경제중적문제。목전적불평형급아국내외경제관계조정대래압력,응해주요종국내경제결구조정、경제증장방식적전변이급건립경가완선유효적금융체계방면노력개혁,축보개선불평형상황。
Global imbalance is an important feature of the post-Bretton-Wood-system ear. In 1980s global imbalance manifested itself mainly through the trade imbalance between the United States and Japan, which eventually caused the sharp appreciation of the Japanese Yen. Nowadays global imbalance is evidenced by the trade imbalance between the United States and the newly emerged economies （including China） and oil-exporting countries. However, such imbalances will unlikely to lead to the sharp appreciation of RMB. The international crisis burst out in 2008 is not the product of global imbalances, but the outcome of the US domestic economic problems. China now is faced with the heavy pressure from the global imbalance. It should make great efforts to restructure its economy, change the pattern of economic growth and build its more complete and efficient financial systems.