如果资本常常逃离贫穷国家,就不仅仅是因为资本在其它地区可获得更高或更安全的回报。
If capital often flees poor countries, that is not only because higher, or more secure, returns might be obtained elsewhere.
不难看出后者为什么抗拒:一个安全的系统将压低平均回报率,因为高收益活动将带来更频繁的、于系统无害的倒闭。
It is not hard to see why they resist: a safe system would force average returns lower as high-yield activities came with more frequent, but systemically harmless, failures.
实施该机制的回报,将会是一个安全性显著提升的全球金融体系。
The reward for its implementation would be a much safer global financial system.
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