But they do seem to be linked to the perseverance of narrow elites and to the countries' sluggishness in overcoming old rivalries and building an integrated regional market.

但这些原因似乎都与少数社会高层掌控大局、国家无力克服老大难问题以及无法建立一个统一的地区市场有关。

youdao

Even this year, despite the market's sluggishness, IPOs have done well, rising an average of 27% on their debut, compared with a 21% rise in 2011, data from financial data provider CapitalVue showed.

WSJ: China's IPO Doors Likely To Stay Closed

To be sure, the sluggishness is due in part to a becalmed stock market.

FORBES: Back To The Future

Efficiency offers another timely benefit: after several years of sluggishness, the VLCC (Very Large Crude Carrier) repair market is on an upswing due to rebounding freight rates.

CNN: SAILING AGAINST THE WIND