In previous decades, much sovereign wealth, particularly from commodity booms, was squandered or merely parked in low-yielding debt, mostly US Treasury securities. Now, governments with large surpluses set up funds to ensure that this wealth is invested profitably and professionally. These sovereign funds are today viewed, by those who need it, as the most desirable source of capital in the world.
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Than In Previous Decades 过去数十年
Taking the decade between 2000 and 2009 as a whole, growth was slower than in previous decades.
就2000年到2009年这十年来说,经济的增速较过去数十年偏低。
Brazil's exchange rate appreciated dramatically and its exporters lost much of the ground they'd gained in previous decades.
巴西汇率曾大幅升值,使其出口商丧失了以往数十载建立的大部分优势。
Indeed, the last three economic expansions were almost 10 years, but in previous decades, they averaged four or five years.
事实上,近三年经济扩张了近10年,但在过去几十年,他们的平均四,五年。
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