We are in a new economic age. Western management must awaken to the challenge, must learn their responsibilities, and take on leadership for change.
在一个新的经济时代,西方管理者必须意识到自己的责任,直面挑战,领导变革。
If economic growth and interest rates are stable, businesses and consumers will be encouraged to take more risks, and in particular to take on more debt.
如果经济增长和利率水平很稳定,那么企业和消费者的更加冒险的行为就会得到鼓励,特别是承担负债问题上。
Just like America during its take-off in the late 19th century, emerging economies tend to be subject to economic ups and downs.
正如19世纪晚期美国经济开始腾飞之时那样,新兴经济国家的经济状况不甚稳定,容易出现动荡起伏。
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