Now that the damage inflicted by the Asian financial crisis looks like it was caused by an economic neutron bomb. The crisis has hurt great numbers of people, but has left the main structures of the world economy standing. The worst of the direct impact may be over. Many of the hardest-hit countries are on the road to recovery, financial "contagion" has been contained and world economic growth seems set to pick up soon. The most important development, however, is a non-event: the collapse of global capitalism has not occurred. Instead, the post-crisis world is likely to be even more market-oriented than the one that preceded it, with a proliferation of new rules and practices that will help markets to operate more smoothly. The countries recovering best, such as Thailand and South Korea, are doing so by moving further in a free-market direction. None of the affected nations has tried to isolate itself from the global economy, and the widely feared worldwide wave of protectionism has not yet materialized. Nor has there been the great rethinking of economic globalization that some feared and others advocated. The critics of global capitalism pounced on the crisis as proof of globalization"s fatal flaws. Their analyses often concluded that "there must be something better." On the contrary, economists have taken free-market principles as the starting point for new ideas, not called them into question. There has been much criticism of the so-called Washington consensus—the traditional free-market orthodoxy that uniformly prescribes fiscal discipline, deregulation, and financial liberalization. Partly as a result of the crisis, a new consensus simply adds extra prescriptions—such as better financial supervision, labor market, etc.—to the list. It is an elaboration of the original consensus, not a new departure. Numerous studies also show that engagement in the global economy leads to higher growth and helps to reduce poverty in developing countries. Today"s economic arguments are not over fundamental free-market policies, but what must be done to supplement them. Likewise, the efforts to devise a new "international financial architecture" in the wake of the crisis, due to continue during the spring meetings of the World Bank and the International Monetary Fund in Washington, will not involve rebuilding the system from scratch. The aim is to make incremental improvements in financial rules and practices that will oil the wheels of the market system, not to trade it in for a non-existent new model.
单选题 What is the main idea of the first paragraph?
【正确答案】 A
【答案解析】解析:段落主旨。第一段说,危机给大量的人们造成了损失,但整个的世界主要经济体系依然存在。最严重的直接影响也许已经过去。许多受到严重波及的国家正在恢复中,金融"传染病"得到了控制,世界经济增长看起来很快就会恢复。矿亚洲金融危机的破坏性如同中子弹爆炸那样大"与第一句意思相符,但不能概括整段。C"目前仍然有直接和间接的影响以至于经济无法复苏"和D"亚洲金融危机的直接影响还没有过去"与第一段第三句意思不符合。
单选题 It can be learned from the paragraph 2 that after the crisis______.
【正确答案】 D
【答案解析】解析:推理判断 答案在第二段中。最后一句说,没有一个受波及的国家试图将自己从世界经济中孤立出来,并且大家广泛担心的世界范围内的保护主义风潮还没有成为现实。由此推出:世界范围的保护主义风潮有一天会成为现实。
单选题 Which of the following is NOT included in the prescription of traditional free-market orthodoxy?
【正确答案】 A
【答案解析】解析:细节分析。在第四段中第一句话提到,这个结论是一个传统自由市场的正统观点,它制订了有关财政规律,缩小国家对经济干预的范围以及金融自由化的统一原则。因此我们得出B"财政规律"C"金融自由化"D缩小国家对经济干预的范围都是包括在内的,而根据第二句话"a new consensus simply adds extra prescriptions—such as better financial supervision,labor market,etc.—to the list",我们得出选项A是由新的结论增加的新的规定。所以正确答案为A。
单选题 According to the passage, which of the following is TRUE?
【正确答案】 C
【答案解析】解析:细节分析。第三段第二句提到,全球资本主义的批评家们将危机看作是对全球化致命缺点的证明。所以选项C正确。
单选题 What is the author"s attitude towards current financial rules and free-market policies?
【正确答案】 D
【答案解析】解析:作者态度。作者对资本主义持否定态度。文章开篇说到亚洲金融危机的影响,出乎作者意料的是经济体系并没有因此而瓦解,反而更加趋于市场化。人们并没有对经济全球化进行反思,但却进行了一些小的修修补补,其实质还是没有任何变化。作者批评现在的金融规律和市场原则,希望有一个崭新的经济模式来代替它,但事实上却没有成功。可见只有选项D正确。