Germany's surplus Thomas Lohn/AFP/Getty Images

如何减少德国的盈余

慕尼黑—《经济学人》(The Economist)最近报道说,德国的经常项目盈余太高了。这是对的。但德国的盈余为什么这样高?有人说德国出口量大是因为其制造的产品质量高,也有人认为德国进口太少,因为工资太低了。

还有人指出,根据定义,一国的经常项目盈余等于其资本出口。因此,德国存在储蓄大于投资的盈余,它需要的是减少储蓄,增加投资。

当然,德国的经常项目盈余也反映了其他国家的赤字,包括美国。美国占了世界经常项目赤字总额的三分之一左右。因此,有可能很快就会有人呼吁赤字国增加竞争力、降低工资、增加储蓄且减少投资。

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