一、全球经济结构失衡严重。美国泡沫破在旦夕1．全球性经常账户失衡已十分突出,世界经济增长基础十分脆弱上世纪80年代以来,作为世界经济全球化和金融膨胀的结果,世界经济经常账户失衡。主要表现为亚洲依赖美国市场来弥补需求,超过了国际公认的警戒线。由于这种失衡的预应力是集中在美国经常账户赤字居高不下,债务庞大,我国、日本和和其他新兴市场经济国家已持有大量贸易盈余的一端,这种非对称平衡使全球经济增长犹如走在钢丝上,缺少稳定性。当前全球经济失衡现象是世界经济结构变化的结果。以美国为主体的金融膨胀和信用扩张的持续性造成其经常账户赤字的持久性,在这 First, the global economic structure is unbalanced. The U.S. bubble is breaking down. The global current account imbalance has become very prominent and the foundation for world economic growth has been very weak. Since the 1980s, as a result of the global economic globalization and financial expansion, the current account of the world economy has become unbalanced. Mainly for Asia to rely on the U.S. market to make up for the demand, surpassing the internationally recognized warning line. As a result of this unbalanced prestress, which is centered on the high current account deficits in the United States and the huge debts that have been held by China, Japan and other emerging market economies, the asymmetric balance makes the global economy grow as if Walking on the wire, the lack of stability. The current global economic imbalance is the result of changes in the world economic structure. The persistence of the current account deficit with the financial inflation and credit expansion that is the dominant part of the United States