Paul Lachine

高风险增长引擎

华盛顿——

当发达世界还在清理危机废墟、迈步重上正轨时,发展中国家作为一个整体正在成为全球增长的新引擎。发达经济体越来越需要发展中国家的推动来维持增长。但动力转换并不是没有风险的。

我和同事马塞洛·朱家乐(Marcelo Giugale)在我们的近著《后天》(The Day After Tomorrow)中指出,这次全球增长动力转换至少伴随着四大特征。其一,绝大多数新兴经济体的公共和私人部门资产负债表相对来说更为健康。当发达经济体仍处于去杠杆化过程中时,许多发展中国家将面临着数不胜数的投资机会,最显著的便是消除基础设施瓶颈。

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