非理性繁荣英文怎么说？
编辑：自学文库
时间：2024年03月09日
The term "irrational prosperity" refers to a situation of economic growth and expansion characterized by unsustainable practices, irrational decision-making, and excessive risk-taking. It occurs when market participants, driven by short-term gains and speculative behavior, overlook or ignore the potential consequences and risks associated with their actions. This can lead to asset price bubbles, financial imbalances, and ultimately economic instability.
In such a scenario, investors and businesses may engage in excessive borrowing, leading to a rapid accumulation of debt. They may also make investment decisions purely based on speculation rather than fundamental analysis. This behavior often fuels asset price inflation, creating a perception of wealth and prosperity. However, once the underlying risks and unsustainability of these practices become apparent, it can trigger a collapse in asset prices, financial crises, and economic downturns.
To prevent irrational prosperity, policymakers and regulators need to implement measures promoting responsible and sustainable economic practices. This includes stricter financial regulations, promoting transparency and accountability, and fostering a culture of long-term thinking rather than short-term gains.
Ultimately, recognizing and addressing the potential dangers of irrational prosperity is essential for maintaining a stable and healthy economy. By promoting sustainable growth and encouraging prudent decision-making, economies can mitigate the risks associated with excessive speculation and unsustainable practices, ensuring long-term stability and prosperity.