In the balmy days before the subprime crisis, “decoupling” suggested emerging markets would be safe from a developed world storm. It turned out the theory was wrong. That has not stopped a new round of decoupling, this time between Europe and the US.
在次貸危機爆發(fā)前那些波瀾不驚的日子里，“脫鉤論”(decoupling)曾認為，新興市場將不受發(fā)達世界風暴的沖擊。事實證明，這種理論是錯誤的。但這并未能阻止一種新“脫鉤論”的出現(xiàn)——這一次指的是歐洲和美國脫鉤。
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