The traditional answer assumes US exports are 100% US value-added and US imports are 100% foreign value-added. In this world, as Fred Bergsten wrote in a recent Vox eBook title.

传统的回答假设美国的出口是100%美国增值，而美国的进口是100%外国增值。

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As respected economist and old Davos hand Fred Bergsten rightly said, this liquidity could lead to a re-coupling of east and west.

CNN: In the Field

Mr. Bergsten warned that given the outstanding growth experienced in recent quarters a slowdown to growth of around 2% could feel abrupt.

BBC: The fate of the dollar

Indeed, as APEC falters, Dr Mahathir's original vision seems to be resurfacing after all, according to Fred Bergsten of the Institute for International Economics.

ECONOMIST: It��s security, stupid | The