...行优秀项目的挑选,且通过各个项目间的相互竞争,将有限的资本分配到最具效 率的项目上,这一过程称之为胜利者选拔(Winners-picking)过程。内部管理者比外部投资者更了 解项目的有关信息,从而可将资本有效地分配到边际收益最高的部门。
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Picking so many sectors as winners, however, may dilute any impact on each one.And there is little sign of much desire to reduce protection to make industries more competitive.
但是选择如此多的产业作为优胜者,结果却可能是稀释了每一个的效果,同时还存在一个小的迹象,渴望用减少政策保护来促使产业更有竞争性。
Picking so many sectors as winners, however, may dilute any impact on each one.
然而挑选这么多行业作为赢家,可能会减弱对单个行业的影响。
The goal, one said, is to avoid picking winners.
其中一人说,目标就是避免去挑选赢家。
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