The result could only be a massive misallocation of capital.
这只会导致大规模的资金分配不当。
So which was it, misperception, misrepresentation, or misallocation?
那么误读，歪曲，抑或是分配不当到底谁是罪魁祸首呢？
The flows of funds [into EMs] triggered resource misallocation.
(进入新兴市场的)资金流引发了资源错配。
Frances worried this might cause a misallocation of school resources.
在福朗瑟斯担心这件事可能会导致教育资源的分配不当。
This misallocation of resources results in lower productivity and reduced real wages.
这种资源的错位将会导致生产率和实际工资的降低。
But by "picking winners", it risks a huge misallocation of resources if it makes the wrong choice.
但是，这样“挑选赢家”的话，如果选择错误，将会承担巨大的资源分配不当的风险。
This means huge information loss, and the concomitant possibility that there is a vast misallocation of resources.
这意味着大量的信息失真，随之而来的，有可能造成巨大的资源分配不当。
Yet the core problem is that Japan suffers from a gross misallocation of resources, both financial and human.
然而核心问题是日本面临着财政和人力资源的整体分配不当。
Environmental valuations aim to solve a problem that troubles both economists and ecologists: the misallocation of resources.
环境评估目的是为了解决一个问题，这个难题困扰了经济学家和生态学家，那就是分配资源不合理。
On the supply side, misallocations slow growth which again leads to monetary easing, more misallocation and still less growth.
在供应侧，错配拉低了增速，进而也导致货币宽松、更多错配和增长更加乏力。
The allocation of funding to housing, much of which is captured by the economic and social elite, seems a misallocation of scarce resources.
而重建房屋的大部分资金会被经济和社会精英所掌握，这种分配会导致稀缺资源的不当配置。
The longer additional currency flexibility is resisted, the greater will be global financial volatility and associated resource misallocation.
一日不实行货币的灵活性政策，全球金融波动将越来越剧烈，相关资源的分配也将越来越不合理。
It is argued that in some places, this skyscraper boom may be the product of the misallocation of wealth that caused the recession in the first place.
当然也有不同看法，有人认为摩天大楼的繁荣或许是财富的不合理分配的产物，而这恰恰是当初导致经济衰退的原因。
The net effect is a misallocation of labor compared to an efficient allocation, and possibly even a reduction in the income received by workers as a whole, including workers in the non-union sectors.
其后果是劳力资源的分配不均衡，而且甚至可能会减少全体工人——无论是联合会工人还是非联合会的工人——的收入。
The net effect is a misallocation of labor compared to an efficient allocation, and possibly even a reduction in the income received by workers as a whole, including workers in the non-union sectors.
其后果是劳力资源的分配不均衡，而且甚至可能会减少全体工人——无论是联合会工人还是非联合会的工人——的收入。
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