Pakistan’s armed forces – repeated targets of suicide bombers – have become demoralized.

巴基斯坦军队——自杀袭击者反复攻击的目标——已经丧失了士气。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 13.01.2011

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 13.01.2011

At this stage, the policy has become a contributor to global financial fragility, and it may be retarding Japan’s own prosperity by contributing to consumer anxieties.

当前，这一政策促使了全球金融的脆弱，并且因其使消费者产生忧虑可能还阻碍了日本自身的经济繁荣。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 01.11.2010

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 01.11.2010

2. thanks to securitization, private equity, hedge funds, and over-the-counter trading, financial markets have become less transparent.

因为证券化、私人直接投资、对冲基金和场外交易，金融市场变得越来越缺乏透明度了。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 11.01.2011

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 11.01.2011

Indeed, if the euro zone can persuade Great Britain to become a full-fledged member, thereby acquiring one of the world’s two premier financial centers (London), the euro might really start to look like a viable alternative to the dollar.

事实上，如果欧元区能够说服英国加入成为正式成员，并借此把世界两个主要金融中心之一的伦敦招至麾下，欧元就真有可能成为替代美元地位的合理货币。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 16.02.2011

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 16.02.2011

But if Europe’s economy is to become more competitive and innovative, it is not enough that women enter the labor market in droves.

但是，如果欧洲经济要想变得更为具有竞争力以及创新力，妇女仅仅大量进入劳动力市场还是不够的。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 28.10.2010

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 28.10.2010

Policymakers in China seem to be unaware that many major cities have not had the luck to become financial centers.

中国的决策者似乎并不知道，没有幸运地成为金融中心的大都市还有很多很多。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 28.10.2010

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 28.10.2010

Moreover, it may well hurt other poor countries – thereby worsening inequality – by encouraging resources to be allocated to activities that become uncompetitive following the next World Trade Organization agreement.

而且，这也可能在下一个世界贸易组织协议通过之后通过鼓励资源分配到并不具有竞争力的活动中而打击其他贫穷国家，从而加剧不平等现象。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 26.01.2011

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 26.01.2011

It has become dangerously dependent on economic success, so that any large-scale economic failure will expose the shallowness of its moral claims.

它越来越危险地依赖于经济的成功，因而任何大规模的经济危机都会暴露出它的道义主 张的空洞性。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 26.01.2011

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 26.01.2011

Unfortunately, we are far more likely to see unions’ growing political influence become a major destabilizing force in trade and growth, with highly uncertain consequences.

不幸的是，我们更有可能发现工会不断增长的政治影响力成为贸易和经济增长的一个主要不稳定力量，其后果令人难以预料。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 23.01.2011

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 23.01.2011

But the death tolls of the past need not become the world’s future.

但是过去的吸烟死亡并非一定是世界的将来。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 15.01.2011

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 15.01.2011

Indeed, consumption of antioxidant supplements in developed countries has become widespread.

事实上，食用补充抗氧化剂在发达国家已经非常普遍。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 23.12.2010

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 23.12.2010

Mayhew concluded that it is rather difficult to tell whether derivative markets worsen financial-market volatility, because their creation tends to come when existing financial markets already are more volatile, or can be predicted to become so.

梅休的结论是：确定衍生品市场是否加剧了金融市场的动荡非常困难，因为金融衍生品市场本身就是在现有金融市场波动加剧、或预计有可能波动加剧的情况下才得以创立。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 26.01.2011

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 26.01.2011

Human population has simply become too large to be able to afford it.

人类人口数量已经太大，无法承受。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 11.01.2011

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 11.01.2011

If they came to be accepted as the guiding principles of European policy, Europe’s economy would become petrified, with stagnant growth making it impossible to afford even modest levels of social transfers.

如果它们成为欧洲政策的指导方针，那么欧洲的经济将会变得僵化、停滞不前，从而无法支付即使是温和程度的社会资金转移。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 28.10.2010

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 28.10.2010

One can even say that the European Union has slowly become a “normative” force in the world in reaction to the evolution of America’s power.

人们甚至可以说，欧盟已经缓慢地成为世界上相对美国实力演进的“名义”力量。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 26.01.2011

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 26.01.2011