Only when old Europe and old Asia spend like the Anglosphere can the "imbalances" finally disappear.
只有当老欧洲和老亚洲像盎格鲁经济圈那样花钱时,这种“不平衡”才会最终消失。
The old Asia relied on the famous flying geese analogy that saw mature industries move to low-wage countries.
老的亚洲靠的是著名的大雁迁移的比喻,眼看着主要工业转移到低工资国家。
Old Europe and old Asia have more savings to absorb than the Anglosphere (except Canada). These are savings surplus regions, with low returns on capital and structural current account surpluses.
相比盎格鲁经济圈(加拿大除外),老欧洲和老亚洲有更多的储蓄可吸收,它们都是储蓄盈余地区,资本回报率低,且有结构性经常账户盈余。
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