ચड़༌࠱़ğચड़༌܄ඳ֥ᄝཌ़IUUQ DIJOB NDLJOTFZRVBSUFSMZ DPN BSUJDMF@QSJOU BTQY - ఒြྶᆩğܱႿૅݓࣜӈཛଢԅሳૅݓ֥ࣉ१ޙྛॖିߎေӻ࿃၂؍ൈࡗđ၂֊Ґ౼࣯ᆞծീđࡼӁളᇕᇕၩམ҂֥֞ުݔbᆟکބఒြؓՎႋᄪቓሙСbDiana Farrell and Susan Lund 2007୍8ᄅૅݓࣜӈཛଢԅሳۚղ8,570ၡૅჭđطߎᄝ࿃ᄹࡆđ་൬ਔಆ౯धն؟ඔ֥ሧЧੀԛbູᆦӪӉ௹ԅሳđૅݓఴ༯ඔຣၡૅჭ֥ຓᅏđၹՎđُಆ౯ሧᆀ౦࿂ಖэ߄đь߶ؓૅݓࣜ࠶ᄯӮ႕ཙbྸ؟ࣜ࠶࿐ࡅಪູđೂՎᆭ֥ۚԅሳ൞ၛູ֥đၹՎđն৯ཨԢԅሳ֥ծീсಖྛࡼԛđطᆃടࠣ֞ૅჭ֥նږ1ъᆴčҕڸ໓ğ“ਔࢳࣜӈཛଢ”Ďbಖطđચड़༌ಆ౯࣮ჽ (MGI) ֥ቋྍ࣮іૼđᄝࣂު୍ଽđૅݓѩ٤၂ק߶ԛཨԢࣜӈཛଢԅሳ֥ծീbཌྷّđᆃ၂ԅሳॖି߶࿃ࡆखđطಆ౯္߶Ⴕቀܔ֥ሧЧটᆦӪᆃ၂ԅሳbູཨԢԅሳطࣉྛ֥߸ੱטᆜॖି߶ൈ؟୍đၛࡶࣉٚൔࣉྛb҂ݖđෙಖૅჭ҂ॖିಖնږъᆴđૅݓ֥ݓ࠽൬ᆦ҂ޙሑঃၛࠣఃؓૅჭᄯӮ֥৯၇ಖޓᇗbၹՎđૼᇆ֥ఒြބᆟکਵ֝ᆀ္ྸႋᄪቓሙСđၛႋؓຣ၂Ґ౼࣯ᆞծീطॖି֝ᇁ֥ಆ౯ླࠣસၞ֥э߄bೂݔҐ౼࣯ᆞծീđሹุটඪđૅݓ֥അބڛༀᄝಆ౯ࣜ࠶ᇏ֥ࣩᆚ৯ࡼննᄹ఼đຓݓ܄ඳࡼ۷Ⴕྖ౿টૅݓषഡᇅᄯ۽ӌބؿࠏܒbऎุطđᇝؓૅݓ֥۲ᇕࣁವࠣഅြڛༀ֥ླࡼ߶ᄹࡆbૅݓؓЇওರЧaݢݓࠣᇏݓຖᄝଽ֥ྸ؟ᇝݓࡅ/ֹ֥સၞҵࡼሇູඨҵđؓࡆଦնބ༆֥ۢસၞԅሳ္ࡼሇູ႔Ⴥbಖطđᇏݓࡼ࿃ЌӻᇅᄯӮЧႪ൝ၛࠣؓૅݓ֥સၞ႔ჅbܱႿໃট֥ਆᇕܴׄચड़༌ಆ౯࣮ჽٳ༅ਔਆᇕ҂֥ࡌഡđ࣮ਔૅݓࣜӈཛଢᄝ୍ଽ֥҂ဆэ౦ঃđՖط֤ԛഈඍࢲંbč۷؟བྷ౦đ౨ҕᄇБۡಆ໓ğ“The US Imbalancing Act: Can the Current Account DeficitContinue?”đຩഈ૧ٮิ܂bĎᄝֻ၂ᇕࡌഡᇏđૌٳ༅ᄝࣂު୍ଽđೂݔ߸ੱЌӻ҂эđૅݓ֥ࣜӈཛଢԅሳ߶҂߶࿃ࡆखđಆ౯൞ڎߎିᆦӪ۷ஔն֥ૅݓԅሳĤֻؽᇕࡌഡ൞đೂݔૅჭъᆴ֞ቀၛཨԢૅݓ෮Ⴕࣜӈཛଢԅሳ֥ӱ؇đࠧб2007୍1ᄅ֥߸ੱඣ༯ࢆ30%ቐႷđᄵ߶ؓસၞଆൔӁളહ႕ཙđᆜ۱ൗࢸႻࡼೂޅĤચड़༌ಆ౯࣮ჽᄎႨັܴࣜ࠶ٚمؓഈඍࡌഡࣉྛંđٳ༅ૅჭъᆴࡼೂޅ႕ཙ100۱ݓࡅؓ30োӁ֥ླđၛࠣೂޅ႕ཙૅݓ֥ݓຓሧӁაڵᅏሑঃbᄝᆃਆᇕࡌഡᇏđ2012୍ૅݓ֥ࣜӈཛଢaસ2ၞҵحބݚຓ࣪൬ၭӯགྷԛࢩಖ҂֥ࢲݔbෙಖൌ࠽౦ঃޓॖିࢺႿᆃਆᇕࠞ؊౦ঃᆭࡗđਔࢳᆃਆᇕ౦ঃႋႵᇹႿఒြਵ֝ᆀބᆟҦᇅקᆀ۷ݺֹቓݺሙСđၛٝߑႿໃಖbֻ ် ܋ ်
ચड़༌࠱़ğચड़༌܄ඳ֥ᄝཌ़IUUQ DIJOB NDLJOTFZRVBSUFSMZ DPN BSUJDMF@QSJOU BTQY - ૅݓࣜӈཛଢԅሳ࿃ࡆखૌ֥ٳ༅іૼđཨԢૅݓԅሳ࠻٤௧ᄝુࢯđ္٤൝ᄝсྛbೂݔಆ౯ԥྐྵބሧᄝໃট୍ଽ࿃Ќӻଢభ֥൝đପહᄝ߸ੱЌӻ҂э֥౦ঃ༯đૅݓ֥ࣜӈཛଢԅሳ֞2012୍ࡼղ֞ຣၡૅჭđᅝ GDP ֥9%č1Ďb҂ݖđοᅶॖྐ֥ࡌഡđఃݓࡅ֥ሧЧੀԛ֞2012୍္ࡼᄹࡆ֞ຣၡૅჭđቀၛᆦӪૅݓ3֥ԅሳܿଆbᆃဢ֥߅đૅݓԅሳ֥ሑঃࡼބགྷᄝཌྷٟđᆺ҂ݖܿଆ۷ࡆஔնđطૅݓࡼࢹ۷؟֥ຓᅏটᆦڱᆃ၂ԅሳčҕڸ໓ğ“ජᄝູૅݓ֥ࣜӈཛଢԅሳઙֆĤ”Ďbေඪૅݓିܔӵ൳ೂՎஔն֥ݓ࠽൬ᆦാޙđ္ѩ٤҂ॖྐbູᆦڱᆃ၂ऍح֥ࣜӈཛଢԅሳđૅݓ֥ຓᅏ࣪حࡼ൞གྷᄝ֥ПđՖ2006୍୍ָ֥ຣၡૅჭᄹᇀ2012୍֥ຣၡૅჭđᅝ GDP ֥46%bՖᅝGDP ֥бᇗটुđགྷᄝၘࣜႵۄݓࡅ֥ຓᅏ࣪حղ֞ਔᆃဢ֥ܿଆđбೂϏն০aιغধބ༆ۢ֩bطđᇀഒᄝࣂު୍ଽđૅݓॖିᄝӊߎऍحຓᅏٚ૫ಯಖႵ၂ུหႪ൝bቋૼཁ֥൞đຓᅏ൞ၛૅݓሱ࠭4֥ࠊлčࠧૅჭĎູ૫ᆴđၹՎх૧ਔၹࠊл҂໗קط֝ᇁӊᅏحࠤखᄹࡆ֥ڄགbՎຓđૅݓ֥ݚຓሧӁ൬ၭ၂ᆰۚႿᆦڱ۳ຓݓሧᆀ֥߭Бbࢲݔ൞đૅݓ֥ຓᅏ࣪حჹჹཬႿၛສࣜӈཛଢԅሳ֥ሹބč2Ďbೂݔᆃᇕ౦ঃ࿃༯ಀđࠧႮႿࣜӈཛଢԅሳ࿃ᄹࡆط֝ᇁऍحຓᅏđ෮ေᆦڱ֥ຓᅏ০༏္ཌྷؓࢠ֮đߎ҂֞ GDP ֥1%bֻ ် ܋ ်
ચड़༌࠱़ğચड़༌܄ඳ֥ᄝཌ़IUUQ DIJOB NDLJOTFZRVBSUFSMZ DPN BSUJDMF@QSJOU BTQY - ቋުđຓݓሧᆀ၂ᆰౝᩥૅჭሧӁđູૅݓົӻࣜӈཛଢԅሳิ܂ਔሧࣁb࣐ܵؿളਔ“9·11”ॣ҇༛ࠌ൙ࡱa၈ঘक़ᅞᆚa҂؎ᄹࡆ֥ԅሳބՑַࠩվॻາࠏđੀೆૅݓ֥ሧЧ၂ᆰᄝᄹࡆbᄝૅݓ֥ຓݓሧ2006୍Էԛྍۚđղ֞ຣၡૅჭđຓݓؓૅݓܢௐބӉ௹ᅏಊ֥ሧđቀၛҀ࣍௹ૅݓݓᅏሧ֥༯יđطߎႵࢫჅbೂݔᆃུ౦ঃ࿃༯ಀđᇀഒᄝࣂު୍ࠫଽđૅݓေᆦӪఃࣜӈཛଢԅሳႋھݸbૅݓࣜӈཛଢԅሳ֤ၛཨԢෙಖૅݓԅሳॖି߶࿃ᄹࡆđ۲ᇕࣜ࠶Ԋࠌ္ॖି߶ႄؿಆ౯સၞaཨٮބԥྐྵଆൔ֥э߄đቋު֝ᇁૅݓ֥ࣜӈཛଢԅሳ֥ཨԢb২ೂđෛሢֹٜӁَ֥ࢲඏđૅݓཨٮᆀ္ྸ߶Ф௧ࣉྛ۷؟֥ԥྐྵbᇝݓࡅॖି߶ᄹࡆ࢝ტބ၄ਏٚ૫֥ᆦԛđՖط՜ࣉЧݓཨٮđѩࡨഒၛૅݓᆣಊྙൔࣉྛ֥ԥྐྵbᆃဢ၂ུэ߄ࡼ߶ᄹࡆૅჭ֥܂ႋđࡨഒؓૅჭ֥ླđ֝ᇁૅჭؓఃࠊл֥߸ੱ༯יbૌ֥ٳ༅іૼđೂݔૅჭა2007୍1ᄅ֥ඣཌྷбъᆴ30%đᄵૅݓ֥ࣜӈཛଢ֞2012୍ॖປಆൌགྷ5ޙbࠧъᆴږ؇ીᆃહնđط൞б2007୍1ᄅ֥ඣ༯י20%ᇀ25%đ္ॖࡼԅሳࡨഒ֞ᅝ GDP ֥2%ᇀ3%ቐႷđطྸ؟ࣜ࠶࿐ࡅಪູᆃ۱ܿଆ֥ࣜӈཛଢԅሳ൞ॖၛӻ࿃֥bૅჭસၞࡆಃъᆴ30%֥౦ঃႵ؟ᇕॖିbՖၛສ౦ঃটुđ҂ࠊлᆭࡗၛ֩ږ؇э֥౦ঃࠞഒbՖ2003୍ၛটđૅჭၬ߸ੱؓჭ༯י19%đؓႇЂ༯י22%đؓದл༯י6%đؓರჭಏഈശਔ5%bၹՎđૌॉ੮ਔૅჭъᆴ֥ᇕॖି౦ঃđၛ2005୍ູࠎ୍č3Ďbֻ၂ᇕ౦ঃ൞đૅჭؓః෮Ⴕ6ࠊлъᆴ33%bֻؽᇕ౦ঃ൞đᇝݓࡅ٢ఙ൙ൌഈ֥ףᇾૅჭᇅđၹՎᆃུݓࡅ֥ࠊлശᆴږ؇ӑݖఃࠊлbֻᇕ౦ঃ൞đᇝݓࡅົӻ൙ൌഈ֥ףᇾૅჭᇅ҂эđၹՎૅჭࣇؓჭࠣࡆଦնჭa༆ۢб෬֩ఃࠊлъᆴbֻ ် ܋ ်
ચड़༌࠱़ğચड़༌܄ඳ֥ᄝཌ़IUUQ DIJOB NDLJOTFZRVBSUFSMZ DPN BSUJDMF@QSJOU BTQY - ᄝၛഈޅ၂ᇕ౦ঃ༯đ֞2012୍đࠧૅݓ֥ࣜӈཛଢൌགྷޙđૅݓ֥അસၞԅሳ၇ಖ߶ٳஔ7նđჿູ7,200ၡૅჭđބགྷᄝ֥ඣҵ҂؟bૅݓࡼԛ१۷؟֥ڛༀѩࠆ֤۷؟֥ݚຓሧ൬ၭb൙ൌഈđૅݓ٤҂߶Ӯູ෮ఴຓᅏۚղ GDP 46%ቐႷ֥࣪ᅏༀݓđّط߶Ӯູᇗေ֥࣪ᅏಃݓđႚႵ֥ؓຓᅏಃࡼղ֞ GDP ֥28%ቐႷb֝ᇁᆃ၂༤खྟሇэ֥ၹ္ᆞ൞ଢభቅᆸૅݓຓᅏ࣪حᄹࡆ֥ၹđࠧğૅݓՖݓຓሧӁഈ෮ሉ֤֥০༏ބູᅏༀ෮ᆦڱ֥০༏ᆭࡗ֥ᆞ০ҵđၛࠣૅݓݚຓሧӁ֥ശᆴđطૅჭъᆴߎ߶ࡆᆃ၂ശᆴbቓݺਆ൭ሙСၛഈਆᇕࡌഡᇏđଧ၂ᇕॖି߶ӮູགྷൌĤᄝࣂު୍ଽđૅݓॖି࿃Ќӻஔն֥ࣜӈཛଢԅሳđૌીႮಪູૅჭ߶ࠤखъᆴbྸ؟୍টđຓݓሧᆀؓૅჭሧӁ֥ྖ౿၂ᆰᄝᄹࡆbૅݓູࣁವሧӁބഅြሧิ܂֥߭Б၂ᆰۚႿᇝaರЧ֩ఃӮඃࣜ࠶ุĠൈđބྍྖ൧ӆཌྷбđૅݓ൧ӆ֥ѯྟ۷֮đᇅ؇ྟЌ۷ݺbૌ္ીႵႮಪູ֒భ֥ಆ౯સၞaཨٮaሧބԥྐྵଆൔ߶Ⴅჹ၂Ӯ҂эbູ࣯ᆞݓ࠽൬ᆦ֥ാޙđૅݓླေ؟ԥྐྵބഒཨٮđطൗࢸఃֹ֥ཨٮބࣉ१ࡼбགྷᄝնູᄹࡆđหљ൞ᇝaࡆଦնaᇝބ༆ۢbෛሢࣉ१അؓૅݓཨٮᆀটඪэ֤۷ࡆυđಆ౯۲ֹ֥ఒြࡼࡆ఼ఃᄝൗࢸఃֹ֥ཧ൲৯؇đՖطࡨഒൗࢸؓૅݓࣜ࠶֥ࠢᇏܱᇿbؓఒြটඪđࣈര֥ቓم൞ሙСݺႋؓૅݓ֥ԅሳטᆜđંᆃᇕטᆜ൞ᇯ֥҄ߎ൞ࠗࣉ֥b࣐ܵૅݓࣜӈཛଢԅሳ֥ቋᇔଁᄎޓ҂ಒקđಏࠞഒႵఒြᇅקਔႋэ࠹߃đটႋؓૅჭնږъᆴބෛᆭطট֥સၞაሧնэ߄bૌؓᆃུэ߄ࡼ߶ջট֥႕ཙࣉྛਔٳ༅bᇝބૅݓૅݓࡼᄝ؟۱ڛༀሰཛଢЌӻؓᇝ֥સၞ႔ჅđЇওഅြڛༀč߶࠹a࠹ෘࠏࠣྐ༏aሦ࿘ބࣁವڛༀ֩Ďa࢝ტaྐބ੪Ⴓ֩bೂݔૅჭ༯יđᄵૅݓ֥ڛༀؓᇝದটඪࡼэ֤۷ьၒđᆃུ႔Ⴥ֥ඔحࡼᄹ8ᇀП؟bૅჭъᆴުđૅݓؓᇝ֥അસၞԅሳෙಖ߶෪ཬđ҂߶ປಆཨാbસၞԅሳ֥෪ཬႵٳᆭؽটሱૅݓؓᇝԛ१֥ᄹࡆđႭః൞ࠏఖ֩അ֥ԛ१đೂ୪ြބࡹᇽഡС֩bՎຓđૅݓՖᇝࣉ१֥ᇅӮࡼࡨഒđೂ॓࿐၎ఖބཨٮ֩bᇝఒြႋሙСݺ႒ᅞྍࣉট֥۷ऎӮЧࣩᆚ৯֥ૅݓఒြđႋэᆭ္֡ྸ൞ิ܂ҵၳ߄֥Ӂაڛༀbሹ֥টࢃđᇝఒြ߶۷Ⴕྖ౿ᄝૅݓഡ৫ᇅᄯ۽ӌބؿࠏܒđၛڛༀႿૅݓࠣః൧ӆbᇝބૅݓ9ࠧૅჭؓದлᄝ؋௹ଽնږъᆴčᆃᇕ౦ঃ҂ॖିĎđૅݓؓᇏݓ֥સၞԅሳ္ࡼӻ࿃؟୍bჰֻ ် ܋ ်
ચड़༌࠱़ğચड़༌܄ඳ֥ᄝཌ़IUUQ DIJOB NDLJOTFZRVBSUFSMZ DPN BSUJDMF@QSJOU BTQY - ၹᄝႿđᇏݓགྷᄝؓૅݓ֥ԛ१൞ࣉ१֥ПđطđૅݓՖᇏݓࣉ१֥ທऎaڛልބཨٮোሰӁ֩അႵऍն֥ӮЧҵၳđࠧૅჭնږъᆴ္҂ିཨԢᆃᇕҵၳbՎຓđᇏݓԛ१അ֥ྸ؟ቆࡱ൞ࣉ१ӁđၹՎđದл֥ശᆴࡼࢆ֮ჰਘӮЧđႵᇹႿЌӻᇏݓ֥ᇅᄯӮЧႪ൝bၹՎđఒြބᆟکਵ֝ᆀࡼದлъᆴਙູ֒ༀᆭࠤරެ൞հ༂֥bཌྷбᆭ༯đೂݔૅჭնږъᆴđૅݓؓರЧaݢݓބຖ֥അસၞԅሳࡼሇູ႔ჅĠૅݓՖᆃུݓࡅ/ֹࣉ१֥చӚa࠹ෘࠏaఖބྐഡСࡼࡨഒbᆃ۱ݓࡅ/ֹބಆ౯ఃྸ؟൧ӆႵᇶေસၞܱ༢đॖିླေᄹࡆཟᆃུ൧ӆ֥ԛ१b࣐ܵؓૅݓ֥ԛ१ࡨഒđᄝૅݓषӌၛڛༀႿૅݓЧ൧ӆ֥ರЧaݢݓބຖ֥ఒြॖཚ൳۷֥֮ӮЧb҂ݖđᆃ۱ݓࡅ/ֹčၛࠣఃԮഈ၇ौԛ१ট౺ࣜ࠶ᄹӉ֥ݓࡅĎ֥ᆟҦᇅקᆀ္ྸ߶ؿགྷđૼᇆ֥ቓم൞՜ࣉڛༀြሱႮ߄aປྐႨᇅ؇ބྐႨӁၛ՜ࣉཨٮࢹվaಞࠊлശᆴၛิۚཨٮᆀܓઙ৯đՖطအЧݓཨٮbෙಖᄝ1997୍֥ࣁವາࠏᆭުđૅݓཨٮؓᆃུࣜ࠶ุ֥گྖᄻఏ֞ᇗေቔႨđૅݓཨٮ҂ॖିႥჹ൞ಆ౯ࣜ࠶ᄹӉ֥ؿࠏbࡆଦնa༆ۢބૅݓؓࡆଦնބ༆ۢطđૌაૅݓᆭࡗ֥સၞܱ༢ᅝఃݓ࠽સၞࠃ֥նđၹՎđૅჭ֥Ӊ௹ࠇ؋௹ъᆴ߶ؓૌᄯӮᇗն႕ཙbሱКૅሱႮસၞླྀק (NAFTA) ᄝ1993୍దרၛটđႮႿࡆଦնބ༆֥ۢস৯ӮЧཌྷؓࢠ֮đૌཌྷؓႿૅݓႵޓն֥ᇅᄯӮЧႪ൝bೂݔૅჭնږъᆴđᆃུႪ൝ࠎЧഈ߶ཨാbૅݓఒြॖି҂ᄜؓഡᄝࡆଦնބ༆֥ۢρᇅᄯഡീᄹࡆሧđّط߶ؿགྷᄝЧݓᇅᄯӁ۷ႵӮЧིၭđၹູૅݓ֥স৯ӮЧ္ҵ҂؟đᄝݓଽࡹྍӌߎିസಀᄝݚຓᄎႏ֥ઐِބٮႨbࡆଦնބ༆ۢՖૅݓ֥ࣉ१߶ഈശđطཟૅݓ֥ԛ१ಏࡼ༯ࢆđԛ१༯ࢆږ؇აࣉ१ഈശږ؇ཌྷ֒đؓᆃਆ۱ݓࡅᄯӮචᇗյࠌbਆݓཟૅݓԛ१֥ᇅӮ߶ࡨഒđႭః൞ࡅऎބڛል֥ԛ१đՎຓđࡆଦնԛ१֥ঀಗਘ္߶ࡨഒbൈđૌߎࡼཨٮ۷؟֥ૅݓഅđหљ൞۽ြބࠏഡСa၄ਏഡСa࠹ෘࠏބఃۚ॓ഡСđၛࠣ୪ြބࡹᇽഡС֩bࢲݔđࡆଦնބ༆ۢॖିླေᄹࡆაᇏૅᇝࠣൗࢸఃֹᆭࡗ֥10સၞbູՎđ༆ۢсྶ࣐ॹሇཟۚڸࡆᆴӁđၹູᄜ္҂ି၇ौ֮۽ሧটࣩᆚਔbົӻᆜ۱КૅሱႮસၞླྀק֥ࣜ࠶ࡲूؓնࡅႵݺԩđၹՎ۱Ӯჴݓႋ܋ކቔđটႋؓૅჭъᆴॖିջট֥႕ཙbࠧӮჴݓᆭࡗ֥ളӁӮЧҵၳ෪ཬđሱႮસၞ္ࡼ࿃ؓૌႵၭĠᇝ۲ࣜ࠶ุ֥ᆜކᄝ୍࣍ট෮٢ԛট֥ࣜ࠶ᄹӉࣼ൞Ⴕ৯֥ᆣૼb๙ݖࡨഒસၞуৈđNAFTA ၘ֮ࣜӮЧ֥ᇅᄯഅ֤ၛᄹࡆؓૅݓ֥ԛ१đႭః൞༆֥ۢᇅᄯഅbൌགྷఃॴસၞ֥ᄹӉ္൞ॖି֥bູᆃোસၞđᆃ۱ݓࡅႋ࿃ࡹഡсေ֥ႵྙࠎԤഡീބྐࠎԤഡീđ၂Ӂѓሙაࡓܵđѩࡥ߄шӱބബ൭࿃b۳ૅݓ֥ࡹၰؓૅݓఒြބᆟکਵ֝ದটඪđࣜ࠶ൌႨᇶၬၐ൞ቋૼᇆ֥ቓمbᄝ܄ᇙѐંᇏđሢ৯ႿᆇᆞႵమ৯ڿૅݓસၞބࣜӈཛଢሑঃ֥ਵთđေбܱᇿଖུሇ၍ᇿၩ৯֥߅ีčбೂದл֥ᇗܙĎ۷ႵၩၬbۚളӁੱބڶႵԷྍྟ֥ૅݓۚ॓ྛြႋ൳֞หљܱᇿđၹູ҂ࣇᆰࢤԛ१đߎؓఃྛြ֥Էྍఏ֞ᇗေቔႨĠૅݓۚ॓ྛြ҂ࣇളӁ࠹ෘࠏބ϶ุ֝đ္ളӁ۲ᇕഅ֥ቆࡱđೂ൭ඌఖྀބ၄ਏഡСaϷ܄ഡСa୪ြࠣࡹᇽࠏྀބӚਇaॢטބ܂ಣ༢֩bૅݓေؿᅚۚ॓ྛြđсྶิ܂Էྍ֥ߌbࣩᆚࠏᇅޓᇗေđဢᇗေ֥ߎႵ۲ᇕԷၩ֥ॴఒြބॴݓሱႮੀbሱ“9·11”ॣ҇༛ࠌ൙ࡱၛটđԛႿݓࡅνಆॉ੮ط֝ᇁ֥ᆟҦэ߄ॖିቅθਔᆃᇕሱႮੀbӉൈࡗߏؓۚିຓݓ۽ದބն࿐иြള֥దᆣሙ൞؋൪ྛູbቅᆸຓݓఒြᄝૅݓሧ֥ᇕᇕᆟҦ္൞рնႿ০bૅݓ֥۲۱ڛༀྛြႋູᄹࡆཟᇝ֥ԛ१ቓݺሙСđטᆜఃิ܂֥ڛༀၛژކᇝֹ֥֒ࡓܵေބཨٮᆀொݺbఃఒြ္ႋམམሱ࠭ॖิ܂ଧུཌྷਣڛༀbૅݓ֥સၞซದჴႋ࿃୭৯ղӮಆ౯ྟླྀၰđ౼ཨڛༀસၞ֥ܱඥࠣ٤ܱඥуৈđطૼᇆ֥ᆟҦᇅקᆀ္ႋᄝ۷ܼ֥ٗਵთؿӉ௹୭৯đཨԢეބ໓߄ҵၳđః҂ᄜཋᇅڛༀԛ१֥ᄹӉbбೂđຓݓე࣮ႋᄝૅݓ࿐൳֞۷؟֥ᇗ൪bֻ ် ܋ ်
ચड़༌࠱़ğચड़༌܄ඳ֥ᄝཌ़IUUQ DIJOB NDLJOTFZRVBSUFSMZ DPN BSUJDMF@QSJOU BTQY - ᇀഒᄝࣂު୍ଽđૅݓ֥ࣜӈཛଢԅሳॖି߶࿃ࡆखbࠧҐ౼טᆜծീđ۷ႵॖିҐ౼္֥൞ࡶࣉൔ֥aط҂൞նږ؇֥טᆜbಖطđૅჭնږъᆴބಆ౯ཨٮބԥྐྵؿളն֥э߄္൞ॖି֥bൗࢸ۲ݓ֥ᆟکaఒြਵ֝ᆀބሧᆀႋູՎᄪቓሙСbਔࢳࣜӈཛଢ၂ݓ֥ࣜӈཛଢّ႘ਔݓࡅᆭࡗ۲ᇕো֥ܓઙބሇ၍ࠃbႮඹ۱ሰཛଢቆӮđૄ۱ሰཛଢनॖିູ႔Ⴥࠇԅሳğഅસၞđࠇູഅࢌڱطᆦڱ֥ሧࣁڛༀસၞđࠇູڛༀࢌڱطᆦڱ֥ሧࣁሇ၍ᆦڱđࠇԛႿఃჰၹطؑߐ֥ሧࣁđбೂ၍ཟݓຓ߸ॻđၛࠣཟຓݓବඥ֩ݓຓ࣪൬ၭđ࠻Їওཟݓᆦڱ֥൬ၭčೂؓఃݓࡅิ܂֥վॻᆦڱ০༏Ďđ္Їওটሱݓ֥൬ၭčೂݚຓሰ܄ඳ֥০Ďૅݓ֥ࣜӈཛଢູԅሳđᆃ൞ၹູૅݓᄝഈඍඹ۱ཛଢ༯֥ࣉ१؟Ⴟԛ१bఘࣂູᆸđૅݓ֥ࣜӈཛଢԅሳᇏđቋն֥၂ཛ൞അસၞԅሳč1Ďbࣜӈཛଢԅሳіૼૅݓࣜ࠶֥ᆦԛնႿ൬ೆbູົӻᆃ၂ᆦԛđૅݓсྶཟఃݓࡅࢹఫbຓݓದၛܢௐࠇᅏಊ֩ࣁವሧӁྙൔཟૅݓࣉྛ֥ሧӫູሧЧੀೆđّᆭđሧЧੀԛᄵսіૅݓंᄝຓݓ֥ሧb၂ݓ֥ሧЧཛଢҵح൞ᆷھݓሧЧੀೆაੀԛᆭࡗ֥ҵحbࣜӈཛଢބሧЧཛଢܒӮ߶࠹ޚ֩ൔđჰᄵഈႋູࣤཞĠ֒၂ݓ֥ࣜӈཛଢູԅሳൈđఃሧЧཛଢႋႵཌྷࣁح֥႔Ⴥč2ĎbགྷൌᇏđႮႿ༂ҵބ၌đᆃਆᆀᆭࡗ๙ӈႵ၂۱ҵحbֻ ် ܋ ်
ચड़༌࠱़ğચड़༌܄ඳ֥ᄝཌ़IUUQ DIJOB NDLJOTFZRVBSUFSMZ DPN BSUJDMF@QSJOU BTQY - ᄝಆ౯߄ࣜ࠶ᇏđࣜӈཛଢԅሳ҂၂קࣼ൞ߊ൙đ൙ൌഈ൞Ⴕ০Ⴕрbࣜӈཛଢԅሳૅݓॖၛࣉྛ۷؟֥ཨٮbૅݓᄝࡼໃট֥ཨٮิభ֞གྷᄝ֥ൈđ္ఴ༯ਔᄝࣂުсྶӊߎ֥ᅏༀbဢđෙಖູૅݓࣜӈཛଢԅሳิ܂ሧࣁ֥۱ದaᆟکބఒြࠆ֤ਔሧ൬ၭđᆃ၂ԅሳ་ሼਔটሱൗࢸఃֹ֥ሧሧЧđᆃֹུᇏЇওॖି۷௧్ླေᆃུૅჭ֥ྍྖ൧ӆbْ߭ᆞ໓ ජᄝູૅݓ֥ࣜӈཛଢԅሳઙֆĤ2006୍đ۲ݓᆟکaఒြބ۱ದሧᆀܓઙ֥ૅݓࣁವሧӁղຣၡૅჭbૌ֥ሧЇওؓૅݓఒြ֥ຓഅᆰࢤሧ (FDI)đܓઙܢௐaದᅏಊބᆟکᅏಊđؓૅݓվॻđၛࠣཟૅݓ֥ၿྛބࣁವࠏ1ܒթॻ֩b୍࣍টđຓݓሧᆀ֥ሧӁொݺၹֹطၳb২ೂđՖ2002୍֞2005୍đٳᆭؽ֥ᇝሧູૅݓᆟکᅏಊbᄝᇝ֥ሧᇏđૅݓၿྛթॻaఒြᅏಊބվॻं؟bᇏתሧᆀҕაૅݓ൧ӆູ֥ࣥఒြᅏಊaຓഅᆰࢤሧaၿྛބఃࣁವࠏܒčೂଟܢಃࠎࣁĎթॻč1Ďbֻ ် ܋ ်
ચड़༌࠱़ğચड़༌܄ඳ֥ᄝཌ़IUUQ DIJOB NDLJOTFZRVBSUFSMZ DPN BSUJDMF@QSJOU BTQY - ҂ݖđေਔࢳජᄝູૅݓԅሳઙֆđсྶՖݓࡅҪ૫টٳ༅b݂ࢲָ֞đሧࣁੀೆ֥ቋᇔჷ൞ࣜӈཛଢ႔Ⴥݓ֥ᆟکaఒြބ۱ದሧᆀđᆃུݓࡅ൞ಆ౯֥ሧЧ࣪ൻԛݓđЇওᇏݓaႆ؇ୄ༆ބހধ֩bࠧᆃུݓࡅ֥ሧᆀ҂ᆰࢤሧ֞ૅݓđః႔Ⴥ္ᄹࡆਔಆ౯ੀྟđሧЧཟԅሳݓੀbෛሢൈࡗ֥၍đູಆ౯ิ܂ሧЧ֥ݓࡅ္ؿളਔэ߄č2Ďb୍࣍টđႮႿെႲࡎ֥۬ഈᅨđെႲൻԛݓӮູྍ֥ಆ౯ሧЧิ܂ᆀđఃิ܂֥ሧЧߎᄝ҂؎ᄹࡆb2006୍đᆃུݓࡅӮູቋն֥ሧЧ࣪ੀԛֹđӑݖਔתbݖಀ15୍đЇও֣ݓބೋൖᄝଽ֥၂ུᇝݓࡅ္၂ᆰ൞ᇶေ֥ሧЧ࣪ൻԛݓbْ߭ᆞ໓ֻ ် ܋ ်
ચड़༌࠱़ğચड़༌܄ඳ֥ᄝཌ़IUUQ DIJOB NDLJOTFZRVBSUFSMZ DPN BSUJDMF@QSJOU BTQY - ᇿğ1“ൗࢸఃֹ”ؓૅݓ֥ሧն؟๙ݖࡆীбݚݓࡅ֥౻֡ࣉটb൙ൌഈđᆃུఫॖିটሱᇝaᇝaᇏתമᇀ൞ૅݓЧദbቔᆀࡥࢺğDiana Farrell ൞ચड़༌ಆ౯࣮ჽሧധ൙ĠSusan Lund ൞ચड़༌ಆ౯࣮ჽሦ࿘ܤ໙bቔᆀࣈᄝՎۋ྆ཬቆӮჴ Alexander Maasry ބ Sebastian Roemerđૌ൞ચड़༌܄ඳ֥ሦ࿘ܤ໙bՎຓđቔᆀࣈཟЧཛଢ֥ၛ༯࿐ඌܤ໙ᇁ྆ğMartin N. Bailyđд֤೦ݓ࠽ࣜ࠶࣮෮ (Peter G. Peterson Institute for International Economics) ࣮ۚࠩჴĠRichard Cooperđݗڍն࿐ݓ࠽ࣜ࠶࿐࢝൱ĠKenneth Rogoff ބ Thomas D. Cabotđٳљ൞ݗڍն࿐܄܋ᆟҦ࢝൱ބࣜ࠶࿐࢝൱bᇿğ1ҕ Maurice Obstfeld ބ Kenneth Rogoffđ“The unsustainable US current account position revisited”đૅݓݓࡅࣜ࠶࣮अ(NBER) ࣮ં໓đֻ10869ݼđ2005୍6ᄅĠMartin N. Bailyđ“How Large a Dollar Adjustment to Reduce the USImbalance?”đBruegel ᇆ९aݢݓݓ࠽ࣜ࠶ᆟҦ࣮෮ (Korea Institute for International Economic Policy) ބд֣೦ݓ࠽ࣜ࠶࣮෮2007୍2ᄅ8ರᇀ9ರᄝഹؘ৳ކईྛ֥“Workshop on Adjusting Global Imbalances” ഈ֥ં໓đႿ2007୍3ᄅ19ರྩרĠWilliam R. Clineđ“The United States as a Debtor Nation:Risks and Policy Reform”đૅݓݓ࠽ࣜ࠶࣮෮đ2005୍b2ཌྷбᆭ༯đࣜӈཛଢ֥ਸ਼၂۱ቆӮ҆ٳđࠧሇ၍ᆦڱđᄝᆃਆᇕࡌഡ༯֥౦ঃҵ҂؟đሇ၍ᆦڱᇶေ൞সᆀཟݓຓ֥߸ॻބཟຓݓ֥ବඥđބૅݓ GDP ֥ᄹӉ၂ᇁđؓ߸ੱэ҂ૹۋb3ૌٳљູၛ༯ඹ۱ֹࡹ৫ਔሧЧੀԛଆğᇝđെႲൻԛݓđᇝބൗࢸఃֹb۴ऌؓ GDP ᄹӉބࣜӈཛଢҵح֥ყҩটٳ༅ૄ۱ֹ֥ሧЧੀԛ౦ঃđؓെႲൻԛݓߎॉ੮ਔႲࡎb4ཌྷбᆭ༯đ20ൗࡀ90୍ս֥תࣁವາࠏၹྸ؟າࠏؿളݓ෮ఴ֥ۚحૅჭᅏༀطࡆखb֒ᆃུݓࡅ֥ࠊлཌྷؓૅჭ༯יൈđఃᇏྸ؟ݓࡅ৯ӊߎᅏༀb5ᄝࡹ৫ଆൈđચड़༌ಆ౯࣮ჽࡌഡૅჭ၂҄ປӮъᆴđᄜٳ༅ఃؓࣂު୍෮Ӂള֥႕ཙb6෮Ⴕ౦ঃ༯đъᆴږ؇नၛ2005୍12ᄅ֥߸ੱඣູࠎᆴট࠹ෘbႮႿૅჭؓჭ֥߸ੱᄝ2006୍၂ᆰᄝיđၹՎđགྷᄝߎླေ֥ૅჭؓჭъᆴږ؇ॖି߶֮Ⴟᇏ۳ԛ֥ᆴb7֞2012୍đૅݓ֥ڛༀસၞ႔Ⴥყ࠹ࡼղ4,300ၡૅჭđݚຓ࣪൬ၭყ࠹ࡼղ4,350ၡૅჭb8ೂݔૅჭъᆴ30%đૅݓؓᇝ֥ڛༀસၞ႔ჅࡼՖ220ၡૅჭᄹࡆᇀ840ၡૅჭb9ૌؿགྷđࠧૅჭؓದлъᆴ45%đૅݓؓᇏݓ֥චшસၞԅሳ၇ಖթᄝb10Diana FarrellaAntonio Puron ބ Jaana K. Remesđ“ӑᄀ৷ࡎস৯ğ۳ؿᅚᇏݓࡅ֥ࣜဒ࢝”đuચड़༌࠱़vđ2005୍ֻ1௹đֻ98~109်bЧ໓ၲሱğ “What businesses need to know about the US current-account deficit”ޅ۱ದࠇࠏܒໃࣜચड़༌܄ඳ૫൱ಃđ҂֤گᇅaሇᄛaሇ์aࠇၛޅఃٚൔႨЧຩᅟᆭଽಸđၧ҂֤ࣼЧຩᅟቓࣤཞຩᅟbၘࠆ૫൱ಃ֥۱ದࠇࠏܒႋᄝႨ่ॻٓຶଽႨđ҂֤ၛޅٚൔྩڿຩᅟଽಸbચड़༌܄ඳބఃܱ৳܄ඳؓޅၹႨࠇᛍফຩᅟଽಸطӁള֥ാࠇݝčЇওᆰࢤaࡗࢤaಖaՖඋࠇӲـྟ֥ݝaࠇႵܱാ൬ೆࠇാ০֥ݝணӊĎۀ҂ӵքޅᄳbϱಃ෮Ⴕ © 1992-2008 McKinsey & Companyֻ ် ܋ ်
