{"id":201025,"date":"2023-11-03T09:56:33","date_gmt":"2023-11-03T01:56:33","guid":{"rendered":"https:\/\/www.hkubs.hku.hk\/?p=201025&#038;post_type=thought-leadership&#038;preview_id=201025"},"modified":"2023-11-03T16:24:03","modified_gmt":"2023-11-03T08:24:03","slug":"%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e","status":"publish","type":"thought-leadership","link":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/opinions-and-speeches\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\/","title":{"rendered":"\u503a\u52a1\u91cd\u91cd\u7684\u5168\u7403\u7ecf\u6d4e"},"content":{"rendered":"<p>\u4e00\u661f\u671f\u524d\uff0c\u4eba\u5927\u5e38\u59d4\u4f1a\u6279\u51c6\u4e86\u56fd\u52a1\u9662\u589e\u53d1\u4e00\u4e07\u4ebf\u5143\u4eba\u6c11\u5e01\u7684\u7279\u522b\u56fd\u503a\uff0c\u6240\u5f97\u6b3e\u9879\u4e8e\u4eca\u5e74\u53ca\u660e\u5e74\u5168\u90e8\u8f6c\u79fb\u7ed9\u5730\u65b9\u653f\u5e9c\uff0c\u4f5c\u4e3a\u5404\u5730\u5728\u81ea\u7136\u707e\u5bb3\u540e\u7684\u91cd\u5efa\u53ca\u9632\u707e\u5de5\u7a0b\u4e4b\u7528\u3002\u6709\u5173\u63aa\u65bd\u867d\u7136\u9488\u5bf9\u81ea\u7136\u707e\u5bb3\uff0c\u4e5f\u4f1a\u5728\u5f53\u524d\u7ecf\u6d4e\u590d\u82cf\u65f6\u8d77\u5230\u63a8\u8fdb\u4f5c\u7528\uff0c\u4f53\u73b0\u51fa\u8f83\u4e3a\u79ef\u6781\u7684\u8d22\u653f\u653f\u7b56\uff0c\u540c\u65f6\u4e5f\u53cd\u6620\u51fa\u5730\u65b9\u653f\u5e9c\u7684\u6349\u895f\u89c1\u8098\uff0c\u9700\u8981\u4e2d\u592e\u653f\u5e9c\u7684\u5e2e\u52a9\u3002\u867d\u7136\u4e00\u4e07\u4ebf\u5143\u662f\u4e2a\u5e9e\u5927\u6570\u76ee\uff0c\u4f46\u4e2d\u56fd\u7684\u56fd\u503a\u89c4\u6a21\u4e0d\u5927\uff0c\u7ea6\u4e3aGDP\u768420%\uff0c\u5e94\u4e0d\u4f1a\u9020\u6210\u5f88\u5927\u7684\u8d1f\u62c5\u3002\u81f3\u4e8e\u4eba\u6c11\u94f6\u884c\u4f1a\u5426\u653e\u5bbd\u6d41\u52a8\u6027\u5e2e\u5fd9\u878d\u8d44\uff0c\u987b\u5f85\u89c2\u5bdf\uff0c\u6bd5\u7adf\u4e5f\u8981\u8003\u8651\u4eba\u6c11\u5e01\u6c47\u7387\u7684\u5f31\u52bf\u3002<\/p>\n<p>\u653f\u5e9c\u4ee5\u53d1\u503a\u878d\u8d44\u6765\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\uff0c\u662f\u53f8\u7a7a\u89c1\u60ef\u7684\u4f8b\u884c\u516c\u4e8b\u3002\u4f46\u503a\u52a1\u662f\u628a\u53cc\u5203\u5251\uff0c\u9002\u5f53\u7684\u53d1\u503a\u89c4\u6a21\u548c\u6240\u5f97\u8d44\u91d1\u7684\u6709\u6548\u8fd0\u7528\uff0c\u53ef\u4ee5\u5e26\u6765\u66f4\u591a\u66f4\u65e9\u7684\u751f\u4ea7\u548c\u6d88\u8d39\uff0c\u800c\u9519\u8bef\u7684\u8d44\u91d1\u6295\u653e\uff0c\u7279\u522b\u5728\u8fc7\u5ea6\u53d1\u503a\u7684\u60c5\u51b5\u4e0b\uff0c\u4e0d\u5355\u6d6a\u8d39\u8d44\u6e90\uff0c\u4ea6\u4f1a\u6210\u4e3a\u5c06\u6765\u7684\u8d1f\u7d2f\u3002\u73af\u987e\u5168\u7403\u7ecf\u6d4e\uff0c\u65e0\u8bba\u662f\u503a\u52a1\u603b\u989d\u6216\u4f5c\u4e3aGDP\u7684\u6bd4\u4f8b\uff0c\u5728\u8fc7\u53bb\u5341\u591a\u4e8c\u5341\u5e74\u90fd\u6709\u8fc5\u901f\u4e0a\u5347\u7684\u8d8b\u52bf\uff0c\u5728\u5168\u7403\u7ecf\u6d4e\u53d1\u5c55\u7684\u524d\u666f\u4e2d\u6295\u4e0b\u4e00\u4e2a\u9634\u5f71\u3002<\/p>\n<h5>\u7f8e\u987b\u53d1\u66f4\u591a\u65b0\u503a\u8fd8\u606f<\/h5>\n<p>\u6839\u636e\u8054\u5408\u56fd\u7684\u8d44\u6599<a href=\"#\u6ce81\">\u3010\u6ce81\u3011<\/a>\uff0c\u5168\u7403\u5404\u653f\u5e9c\u53d1\u884c\u7684\u3001\u5305\u62ec\u5bf9\u5185\u548c\u5bf9\u5916\u7684\u516c\u503a\uff0c\u57282022\u5e74\u8fbe\u523092\u4e07\u4ebf\u7f8e\u5143\uff0c\u662f2000\u5e7417\u4e07\u4ebf\u7f8e\u5143\u76845\u500d\u591a\uff0c\u800c2022\u5e74\u7684\u5168\u7403GDP\u53ea\u662f2000\u5e74\u76843\u500d\uff0c\u5373\u516c\u503a\u5bf9GDP\u7684\u6bd4\u4f8b\u4e0a\u5347\u4e86\u4e09\u5206\u4e4b\u4e8c\u3002 92\u4e07\u4ebf\u7f8e\u5143\u516c\u503a\u4e2d\uff0c\u7531\u5df2\u5f00\u53d1\u56fd\u5bb6\u548c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53d1\u884c\u7684\u6bd4\u4f8b\u5206\u522b\u4e3a70%\u548c30%\u3002\u4f17\u6240\u5468\u77e5\uff0c\u7f8e\u56fd\u53d1\u884c\u7684\u516c\u503a\u6700\u591a\uff0c\u5360\u5168\u7403\u516c\u503a\u768434%\uff0c\u5bf9\u5168\u7403\u7684\u5f71\u54cd\u4ea6\u6700\u4e3a\u76f4\u63a5\u548c\u6df1\u8fdc\u3002<\/p>\n<p>\u51ed\u7740\u7f8e\u5143\u7684\u56fd\u9645\u5730\u4f4d\uff0c\u7f8e\u56fd\u653f\u5e9c\u53ef\u4ee5\u6063\u610f\u5730\u6b20\u503a\u7d2f\u7d2f\uff0c\u5230\u4eca\u5e74\u4e2d\u5df2\u8d85\u8fc732\u4e07\u4ebf\u7f8e\u5143\uff0c\u4e3aGDP\u7684120%\u3002\u6839\u636e\u7f8e\u56fd\u56fd\u4f1a\u9884\u7b97\u529e\u516c\u5ba4\uff08U.S. Congressional Budget Office\uff09\u4eca\u5e746\u6708\u53d1\u8868\u7684\u62a5\u544a\uff0c\u8054\u90a6\u653f\u5e9c\u7684\u8d22\u653f\u8d64\u5b57\u4f1a\u75312023\u5e74\u5360GDP\u76845.8%\u6301\u7eed\u589e\u52a0\u81f32053\u5e74\u5360GDP\u768410%\uff0c\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6709\u8da3\u7684\u662f\uff0c\u589e\u52a0\u7684\u767e\u5206\u70b9\u5dee\u4e0d\u591a\u5168\u90e8\u6765\u81ea\u5229\u606f\u652f\u51fa\u3002\u7f8e\u56fd\u8054\u90a6\u653f\u5e9c\u4eca\u5e74\u652f\u4ed8\u7684\u5229\u606f\u662fGDP\u76842.5%\uff0c\u4f30\u8ba1\u52302053\u5e74\u662f\u5f53\u65f6GDP\u76846.7%\uff0c\u4e5f\u662f\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c \u7f8e\u56fd\u653f\u5e9c\u8981\u53d1\u6108\u6765\u6108\u591a\u7684\u65b0\u503a\u6765\u5e94\u4ed8\u6108\u6765\u6108\u591a\u7684\u5229\u606f\u652f\u51fa\u3002\u56fd\u503a\u6392\u6324\u4e86\u79c1\u8425\u90e8\u95e8\u7684\u6d3b\u52a8\uff0c\u4f46\u5374\u5e76\u975e\u7528\u5728\u6709\u5efa\u8bbe\u6027\u7684\u9879\u76ee\u4e0a\uff0c\u5bf9\u7ecf\u6d4e\u81ea\u7136\u662f\u5f0a\u591a\u5229\u5c11\u3002\u540c\u65f6\uff0c\u7f8e\u56fd\u653f\u5e9c\u7684\u53d1\u503a\u4f1a\u5e26\u52a8\u5168\u7403\u5229\u7387\u4e0a\u5347\uff0c\u5bfc\u81f4\u5176\u4ed6\u5730\u533a\u7684\u7ecf\u6d4e\u53ca\u503a\u52a1\u56f0\u96be\u3002<\/p>\n<p>\u9664\u4e86\u7f8e\u56fd\u5916\uff0c\u597d\u4e9b\u5df2\u5f00\u53d1\u56fd\u5bb6\u7684\u516c\u503a\u5360GDP\u6bd4\u4f8b\u4e5f\u5f88\u9ad8\u3002\u6700\u660e\u663e\u7684\u662f\u65e5\u672c\uff0c\u7ea6\u4e3a260%\uff0c\u4f46\u65e5\u672c\u7684\u50a8\u84c4\u7387\u8fdc\u9ad8\u4e8e\u7f8e\u56fd\uff0c\u800c\u65e5\u672c\u7684\u91d1\u878d\u5e02\u573a\u76f8\u5f53\u5185\u5411\uff0c\u5bf9\u5168\u7403\u7ecf\u6d4e\u7684\u5f71\u54cd\u5e94\u4e0d\u4f1a\u5f88\u5927\u3002\u6b64\u5916\uff0c\u6b27\u6d32\u7684\u5e0c\u814a\u3001\u610f\u5927\u5229\u3001\u6cd5\u56fd\u548c\u82f1\u56fd\u90fd\u6709\u76f8\u5f53\u89c4\u6a21\u7684\u516c\u503a\u3002\u5728\u76ee\u524d\u4fc4\u4e4c\u6218\u4e89\u548c\u4e2d\u4e1c\u5371\u673a\u7684\u5f71\u54cd\u4e0b\uff0c\u6b27\u6d32\u7ecf\u6d4e\u9762\u5bf9\u591a\u65b9\u9762\u7684\u56f0\u96be\uff0c\u8fc7\u91cd\u7684\u503a\u52a1\u81ea\u7136\u662f\u4e2a\u60f3\u6254\u6389\u7684\u5305\u88b1\u3002<\/p>\n<p>\u548c\u5df2\u5f00\u53d1\u56fd\u5bb6\u6bd4\u8f83\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u6f14\u53d8\u76f8\u5bf9\u6765\u8bf4\u66f4\u503c\u5f97\u5173\u6ce8\u3002\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u589e\u52a0\uff0c\u4e0d\u96be\u7406\u89e3\u3002\u5979\u4eec\u7684\u653f\u5e9c\u57fa\u4e8e\u4f4e\u751f\u4ea7\u6c34\u5e73\u7684\u7a0e\u52a1\u6536\u5165\uff0c\u81ea\u7136\u4e0d\u8db3\u4ee5\u5e94\u4ed8\u5373\u4f7f\u6700\u57fa\u672c\u7684\u6c11\u751f\u53ca\u5efa\u8bbe\u5f00\u652f\uff0c\u66f4\u9051\u8bba\u5e94\u4ed8\u65b0\u51a0\u75ab\u60c5\u548c\u6c14\u5019\u53d8\u5316\u7684\u8d39\u7528\u3002\u57282011\u5e74\uff0c\u516c\u503a\u9ad8\u4e8eGDP 60%\u7684\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53ea\u670922\u4e2a\uff0c\u52302022\u5e74\u5df2\u8fc5\u901f\u589e\u52a0\u81f359\u4e2a\u3002\u6b64\u5916\uff0c\u5f53\u524d\u7684\u56fd\u9645\u91d1\u878d\u67b6\u6784\u4ea6\u9020\u6210\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u56f0\u96be\u3002<\/p>\n<p>\u9996\u5148\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u3001\u7279\u522b\u662f\u4f4e\u6536\u5165\u56fd\u5bb6\u5e76\u4e0d\u5bcc\u88d5\uff0c\u56fd\u5185\u6ca1\u6709\u8db3\u591f\u7684\u8d44\u91d1\uff0c\u81ea\u7136\u8981\u5411\u56fd\u5916\u4e3e\u503a\u3002\u4f46\u5728\u56fd\u9645\u5e02\u573a\u4e0a\u4e3e\u503a\uff0c\u503a\u52a1\u81ea\u7136\u4ee5\u7f8e\u5143\u6216\u6b27\u7f57\u7b49\u786c\u901a\u8d27\u8ba1\u7b97\uff0c\u4ea6\u9700\u8981\u4ee5\u540c\u6837\u7684\u8d27\u5e01\u507f\u8fd8\uff0c\u800c\u51fa\u53e3\u662f\u8d5a\u53d6\u786c\u901a\u8d27\u7684\u4e3b\u8981\u6765\u6e90\u3002\u4ece2010\u81f32021\u5e74\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u653f\u5e9c\u5411\u5916\u56fd\u501f\u6b3e\u989d\u7531\u5979\u4eec\u56fd\u5bb6GDP\u768419%\u589e\u52a0\u81f329%\uff0c\u800c\u51fa\u53e3\u6240\u5f97\u7684\u5916\u6c47\u7528\u4e8e\u507f\u8fd8\u5916\u503a\u7684\u6bd4\u4f8b\u4ea6\u75313.9%\u589e\u52a0\u81f37.4%\u3002\u82e5\u503a\u52a1\u671f\u95f4\u56fd\u5185\u8d27\u5e01\u5151\u4e3b\u8981\u8d27\u5e01\u8d2c\u503c\uff0c\u8fd8\u6b3e\u7684\u8d1f\u62c5\u4ea6\u968f\u5373\u4e0a\u5347\u3002<\/p>\n<p>\u53d1\u5c55\u4e2d\u56fd\u5bb6\u516c\u503a\u7684\u53e6\u4e00\u4e2a\u8d8b\u52bf\u662f\uff0c\u79c1\u8425\u503a\u6743\u4eba\uff08\u5982\u5546\u4e1a\u94f6\u884c\uff09\u7684\u6bd4\u4f8b\u6108\u6765\u6108\u9ad8\uff0c\u75312010\u5e74\u768447%\u589e\u52a0\u81f32021\u5e74\u768462%\u3002\u76f8\u53cd\uff0c\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\uff08\u5982\u4e16\u754c\u94f6\u884c\uff09\u6240\u5360\u7684\u6bd4\u4f8b\u5219\u51cf\u5c0f\u3002\u79c1\u8425\u503a\u6743\u4eba\u7684\u8d37\u6b3e\u4e3b\u8981\u4ece\u5546\u4e1a\u89d2\u5ea6\u51fa\u53d1\uff0c\u6761\u4ef6\u4e0d\u5982\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\u4ece\u4fc3\u8fdb\u7ecf\u6d4e\u53d1\u5c55\u7684\u89d2\u5ea6\u51fa\u53d1\u822c\u4f18\u60e0\u3002\u6b64\u5916\uff0c\u503a\u6743\u4eba\u7684\u591a\u6837\u6027\u4e5f\u589e\u52a0\u4e86\u6709\u9700\u8981\u65f6\u503a\u52a1\u91cd\u7ec4\u7684\u590d\u6742\u6027\uff0c\u56e0\u800c\u62d6\u957f\u4e86\u8c08\u5224\u7684\u65f6\u95f4\u548c\u589e\u52a0\u4e86\u6b20\u503a\u65b9\u7684\u6210\u672c\u3002\u7b80\u5355\u6765\u8bf4\uff0c\u82e5\u53ea\u6709\u4e00\u4e2a\u503a\u6743\u4eba\uff0c\u901a\u8fc7\u503a\u52a1\u91cd\u7ec4\u63d0\u9ad8\u6b20\u503a\u65b9\u507f\u8fd8\u503a\u52a1\u7684\u80fd\u529b\uff0c\u4f1a\u5168\u6570\u6709\u5229\u4e8e\u8be5\u503a\u6743\u4eba\u3002\u4f46\u82e5\u6709\u591a\u4e2a\u503a\u6743\u4eba\uff0c\u4ed6\u4eec\u90fd\u4e0d\u4f1a\u90a3\u4e48\u613f\u610f\u91cd\u7ec4\u503a\u52a1\uff0c\u56e0\u4e3a\u6b20\u503a\u65b9\u7684\u4ec5\u4f59\u8d44\u91d1\u4f1a\u5148\u8fd8\u7ed9\u90a3\u4e9b\u8ffd\u8ba8\u6700\u79ef\u6781\u7684\u503a\u6743\u4eba\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u79c1\u8425\u503a\u6743\u4eba\u7684\u591a\u6837\u5316\u5bfc\u81f4\u7684\u642d\u4fbf\u8f66\u95ee\u9898\uff0c\u59a8\u788d\u4e86\u503a\u52a1\u91cd\u7ec4\u7684\u8c08\u5224\u3002<\/p>\n<p>\u53e6\u4e00\u4e2a\u95ee\u9898\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u501f\u8d37\u6210\u672c\u8fdc\u9ad8\u4e8e\u5df2\u5f00\u53d1\u56fd\u5bb6\u3002\u7531\u4e8e\u524d\u8005\u7684\u8fdd\u7ea6\u98ce\u9669\u8f83\u9ad8\uff0c\u878d\u8d44\u7684\u6210\u672c\u4e5f\u81ea\u7136\u76f8\u5e94\u4e0a\u5347\uff0c\u7279\u522b\u662f\u5728\u56fd\u9645\u91d1\u878d\u5e02\u573a\u7b79\u96c6\u7684\u8d44\u91d1\u3002\u82e5\u6bd4\u8f83\u4eca\u5e74\u4e0a\u534a\u5e74\u4e0d\u540c\u5730\u533a\u7684\u5341\u5e74\u671f\u653f\u5e9c\u503a\u5238\u6536\u76ca\u7387\uff0c\u975e\u6d32\u3001\u62c9\u4e01\u7f8e\u6d32\u548c\u4e9a\u6d32\u5206\u522b\u662f11.6%\u30017.7%\u548c6.5%\uff0c\u90fd\u5927\u5e45\u9ad8\u4e8e\u7f8e\u56fd\u76843.1%\u548c\u5fb7\u56fd\u76841.5%\u3002\u7136\u800c\uff0c\u8fd9\u4e9b\u6536\u76ca\u7387\u5dee\u522b\u90a3\u4e48\u5927\uff0c\u80fd\u5426\u5168\u7531\u8fdd\u7ea6\u98ce\u9669\u89e3\u91ca\uff0c\u503c\u5f97\u63a2\u8ba8\u3002<\/p>\n<p>\u503a\u52a1\u6108\u591a\u548c\u5229\u7387\u6108\u9ad8\uff0c\u503a\u52a1\u7684\u5229\u606f\u8d1f\u62c5\u5c31\u6108\u91cd\u3002\u53bb\u5e74\u53d1\u5c55\u4e2d\u56fd\u5bb6\u652f\u4ed8\u7684\u5229\u606f\u5c31\u8fbe\u5230GDP\u76841.5%\u6216\u653f\u5e9c\u6536\u5165\u76846.9%\uff0c\u5360\u7528\u4e86\u76f8\u5f53\u7684\u8d22\u653f\u7a7a\u95f4\u3002\u57282010\u81f32021\u5e74\u671f\u95f4\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u5229\u606f\u589e\u5e45\u5c31\u9ad8\u4e8e\u533b\u7597\u6216\u6559\u80b2\u5f00\u652f\u7684\u589e\u5e45\u3002\u8fd9\u60c5\u51b5\u548c\u4e0a\u6587\u63d0\u5230\u7684\u7f8e\u56fd\u76f8\u4f3c\uff0c\u4f46\u53d1\u5c55\u4e2d\u56fd\u5bb6\u4e0d\u80fd\u4ee5\u81ea\u5df1\u7684\u8d27\u5e01\u8fd8\u503a\uff0c\u56e0\u800c\u503a\u52a1\u7684\u53ef\u6301\u7eed\u6027\u53d7\u5230\u76f8\u5f53\u7684\u7ea6\u675f\u3002<\/p>\n<h5>\u603b\u503a\u52a1\u5341\u5e74\u8fc5\u589e50%<\/h5>\n<p>\u5168\u7403\u503a\u52a1\u4f5c\u4e3aGDP\u6bd4\u4f8b\u7684\u4e0a\u5347\uff0c\u9690\u542b\u7740\u4e00\u4e2a\u95ee\u9898\uff0c\u5c31\u662f\u503a\u52a1\u878d\u8d44\u5f97\u6765\u7684\u6b3e\u9879\uff0c\u53ef\u4ee5\u4fc3\u8fdb\u7684\u751f\u4ea7\u6108\u6765\u6108\u5c11\u3002\u6309\u4e16\u754c\u94f6\u884c\u7684\u6570\u636e\u8ba1\u7b97\uff0c1971\u81f32000\u5e74\u671f\u95f4\uff0c\u5168\u7403\u7684\u5e74\u5747\u5b9e\u8d28\u589e\u957f\u7387\u662f3.29%\uff0c\u800c2000\u81f32022\u5e74\u671f\u95f4\u5219\u4e3a2.85%\u3002\u540e22\u5e74\u6bd4\u524d29\u5e74\u516c\u503a\u7684\u53d1\u884c\u91cf\u660e\u663e\u66f4\u591a\u3001\u589e\u957f\u66f4\u5feb\uff0c\u540c\u65f6\u91d1\u878d\u5e02\u573a\u7406\u5e94\u66f4\u6709\u6548\u7387\uff0c\u4f46GDP\u7684\u589e\u957f\u7387\u5374\u6bd4\u8f83\u6162\u3002\u5927\u62b5\u653f\u5e9c\u501f\u6765\u7684\u8d44\u91d1\uff0c\u6bd4\u8f83\u591a\u7528\u5728\u6d88\u8d39\u6027\u800c\u975e\u6295\u8d44\u6027\u7684\u9879\u76ee\uff0c\u53c8\u6216\u7528\u6765\u507f\u8fd8\u65e7\u503a\u5229\u606f\u800c\u975e\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\u3002\u6b64\u5916\uff0c\u57282008\u5e74\u91d1\u878d\u6d77\u5578\u540e\uff0c\u7f8e\u3001\u82f1\u3001\u6b27\u3001\u65e5\u51e0\u5bb6\u4e3b\u8981\u592e\u884c\u7684\u91cf\u5316\u5bbd\u677e\u653f\u7b56\u5e26\u6765\u5341\u591a\u5e74\u7684\u6781\u4f4e\u5229\u7387\u73af\u5883\u3002\u8d44\u91d1\u6210\u672c\u8fd9\u4e48\u4fbf\u5b9c\uff0c\u6bcb\u987b\u5c06\u8d44\u91d1\u6295\u653e\u5230\u7279\u522b\u9ad8\u56de\u62a5\u7684\u9879\u76ee\u4e0a\u4e5f\u6709\u6240\u5f97\uff0c\u6548\u7387\u4e5f\u81ea\u7136\u4e0b\u8dcc\u3002<\/p>\n<p>\u4e0a\u6587\u8ba8\u8bba\u7684\u503a\u52a1\u3001\u5305\u62ec\u603b\u657092\u4e07\u4ebf\u7f8e\u5143\u7684\u90fd\u662f\u653f\u5e9c\u53d1\u884c\u7684\u516c\u503a\u3002\u6309\u56fd\u9645\u91d1\u878d\u534f\u4f1a\uff08Institute of International Finance\uff09\u7684\u62a5\u544a<a href=\"#\u6ce82\">\u3010\u6ce82\u3011<\/a>\uff0c\u82e5\u5305\u62ec\u4f01\u4e1a\u548c\u4e2a\u4eba\u503a\u52a1\uff0c\u5168\u7403\u603b\u503a\u52a1\u5728\u4eca\u5e74\u4e2d\u8fbe\u5230\u5386\u53f2\u9ad8\u5cf0\u7684307\u4e07\u4ebf\u7f8e\u5143\uff0c\u6bd4\u5341\u5e74\u524d\u8fc5\u901f\u589e\u52a0\u4e86100\u4e07\u4ebf\u7f8e\u5143\u621650%\uff0c\u589e\u5e45\u60ca\u4eba\u3002\u5728\u76ee\u524d\u6709\u591a\u65b9\u9762\u4e0d\u660e\u6717\u7684\u56fd\u9645\u653f\u7ecf\u73af\u5883\u4e2d\uff0c\u8fd9\u4e48\u591a\u548c\u4ecd\u5728\u5feb\u901f\u589e\u957f\u7684\u516c\u503a\u548c\u79c1\u503a\uff0c\u662f\u672a\u6765\u7ecf\u6d4e\u8d70\u52bf\u7684\u4e00\u5927\u5173\u6ce8\u70b9\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><a id=\"\u6ce81\" name=\"\u6ce81\"><\/a>\u3010\u6ce81\u3011 <a href=\"https:\/\/unctad.org\/publication\/world-of-debt\">https:\/\/unctad .org\/publication\/world-of-debt<\/a><\/p>\n<p><a id=\"\u6ce82\" name=\"\u6ce82\"><\/a>\u3010\u6ce82\u3011 <a href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/global-debt-record-trillion- developed-economies-gdp-us-banks-iif-2023-9\">https:\/\/markets.businessinsider.com\/news\/currencies\/global-debt-record-trillion-developed-economies-gdp-us-banks-iif -2023-9<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u9646\u708e\u8f89\u535a\u58eb<br \/>\n<\/strong><strong>\u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u8363\u8a89\u526f\u6559\u6388<\/strong><\/p>\n<p>\uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u5341\u4e00\u6708\u4e00\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"tags":[],"class_list":["post-201025","thought-leadership","type-thought-leadership","status-publish","hentry","leadership-topic-categories-opinions-and-speeches-sc","in-the-media-topic-categories-faculty-sc","opinion-speeches-categories-faculty-sc"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"\u4e00\u661f\u671f\u524d\uff0c\u4eba\u5927\u5e38\u59d4\u4f1a\u6279\u51c6\u4e86\u56fd\u52a1\u9662\u589e\u53d1\u4e00\u4e07\u4ebf\u5143\u4eba\u6c11\u5e01\u7684\u7279\u522b\u56fd\u503a\uff0c\u6240\u5f97\u6b3e\u9879\u4e8e\u4eca\u5e74\u53ca\u660e\u5e74\u5168\u90e8\u8f6c\u79fb\u7ed9\u5730\u65b9\u653f\u5e9c\uff0c\u4f5c\u4e3a\u5404\u5730\u5728\u81ea\u7136\u707e\u5bb3\u540e\u7684\u91cd\u5efa\u53ca\u9632\u707e\u5de5\u7a0b\u4e4b\u7528\u3002\u6709\u5173\u63aa\u65bd\u867d\u7136\u9488\u5bf9\u81ea\u7136\u707e\u5bb3\uff0c\u4e5f\u4f1a\u5728\u5f53\u524d\u7ecf\u6d4e\u590d\u82cf\u65f6\u8d77\u5230\u63a8\u8fdb\u4f5c\u7528\uff0c\u4f53\u73b0\u51fa\u8f83\u4e3a\u79ef\u6781\u7684\u8d22\u653f\u653f\u7b56\uff0c\u540c\u65f6\u4e5f\u53cd\u6620\u51fa\u5730\u65b9\u653f\u5e9c\u7684\u6349\u895f\u89c1\u8098\uff0c\u9700\u8981\u4e2d\u592e\u653f\u5e9c\u7684\u5e2e\u52a9\u3002\u867d\u7136\u4e00\u4e07\u4ebf\u5143\u662f\u4e2a\u5e9e\u5927\u6570\u76ee\uff0c\u4f46\u4e2d\u56fd\u7684\u56fd\u503a\u89c4\u6a21\u4e0d\u5927\uff0c\u7ea6\u4e3aGDP\u768420%\uff0c\u5e94\u4e0d\u4f1a\u9020\u6210\u5f88\u5927\u7684\u8d1f\u62c5\u3002\u81f3\u4e8e\u4eba\u6c11\u94f6\u884c\u4f1a\u5426\u653e\u5bbd\u6d41\u52a8\u6027\u5e2e\u5fd9\u878d\u8d44\uff0c\u987b\u5f85\u89c2\u5bdf\uff0c\u6bd5\u7adf\u4e5f\u8981\u8003\u8651\u4eba\u6c11\u5e01\u6c47\u7387\u7684\u5f31\u52bf\u3002 \u653f\u5e9c\u4ee5\u53d1\u503a\u878d\u8d44\u6765\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\uff0c\u662f\u53f8\u7a7a\u89c1\u60ef\u7684\u4f8b\u884c\u516c\u4e8b\u3002\u4f46\u503a\u52a1\u662f\u628a\u53cc\u5203\u5251\uff0c\u9002\u5f53\u7684\u53d1\u503a\u89c4\u6a21\u548c\u6240\u5f97\u8d44\u91d1\u7684\u6709\u6548\u8fd0\u7528\uff0c\u53ef\u4ee5\u5e26\u6765\u66f4\u591a\u66f4\u65e9\u7684\u751f\u4ea7\u548c\u6d88\u8d39\uff0c\u800c\u9519\u8bef\u7684\u8d44\u91d1\u6295\u653e\uff0c\u7279\u522b\u5728\u8fc7\u5ea6\u53d1\u503a\u7684\u60c5\u51b5\u4e0b\uff0c\u4e0d\u5355\u6d6a\u8d39\u8d44\u6e90\uff0c\u4ea6\u4f1a\u6210\u4e3a\u5c06\u6765\u7684\u8d1f\u7d2f\u3002\u73af\u987e\u5168\u7403\u7ecf\u6d4e\uff0c\u65e0\u8bba\u662f\u503a\u52a1\u603b\u989d\u6216\u4f5c\u4e3aGDP\u7684\u6bd4\u4f8b\uff0c\u5728\u8fc7\u53bb\u5341\u591a\u4e8c\u5341\u5e74\u90fd\u6709\u8fc5\u901f\u4e0a\u5347\u7684\u8d8b\u52bf\uff0c\u5728\u5168\u7403\u7ecf\u6d4e\u53d1\u5c55\u7684\u524d\u666f\u4e2d\u6295\u4e0b\u4e00\u4e2a\u9634\u5f71\u3002 \u7f8e\u987b\u53d1\u66f4\u591a\u65b0\u503a\u8fd8\u606f \u6839\u636e\u8054\u5408\u56fd\u7684\u8d44\u6599\u3010\u6ce81\u3011\uff0c\u5168\u7403\u5404\u653f\u5e9c\u53d1\u884c\u7684\u3001\u5305\u62ec\u5bf9\u5185\u548c\u5bf9\u5916\u7684\u516c\u503a\uff0c\u57282022\u5e74\u8fbe\u523092\u4e07\u4ebf\u7f8e\u5143\uff0c\u662f2000\u5e7417\u4e07\u4ebf\u7f8e\u5143\u76845\u500d\u591a\uff0c\u800c2022\u5e74\u7684\u5168\u7403GDP\u53ea\u662f2000\u5e74\u76843\u500d\uff0c\u5373\u516c\u503a\u5bf9GDP\u7684\u6bd4\u4f8b\u4e0a\u5347\u4e86\u4e09\u5206\u4e4b\u4e8c\u3002 92\u4e07\u4ebf\u7f8e\u5143\u516c\u503a\u4e2d\uff0c\u7531\u5df2\u5f00\u53d1\u56fd\u5bb6\u548c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53d1\u884c\u7684\u6bd4\u4f8b\u5206\u522b\u4e3a70%\u548c30%\u3002\u4f17\u6240\u5468\u77e5\uff0c\u7f8e\u56fd\u53d1\u884c\u7684\u516c\u503a\u6700\u591a\uff0c\u5360\u5168\u7403\u516c\u503a\u768434%\uff0c\u5bf9\u5168\u7403\u7684\u5f71\u54cd\u4ea6\u6700\u4e3a\u76f4\u63a5\u548c\u6df1\u8fdc\u3002 \u51ed\u7740\u7f8e\u5143\u7684\u56fd\u9645\u5730\u4f4d\uff0c\u7f8e\u56fd\u653f\u5e9c\u53ef\u4ee5\u6063\u610f\u5730\u6b20\u503a\u7d2f\u7d2f\uff0c\u5230\u4eca\u5e74\u4e2d\u5df2\u8d85\u8fc732\u4e07\u4ebf\u7f8e\u5143\uff0c\u4e3aGDP\u7684120%\u3002\u6839\u636e\u7f8e\u56fd\u56fd\u4f1a\u9884\u7b97\u529e\u516c\u5ba4\uff08U.S. Congressional Budget Office\uff09\u4eca\u5e746\u6708\u53d1\u8868\u7684\u62a5\u544a\uff0c\u8054\u90a6\u653f\u5e9c\u7684\u8d22\u653f\u8d64\u5b57\u4f1a\u75312023\u5e74\u5360GDP\u76845.8%\u6301\u7eed\u589e\u52a0\u81f32053\u5e74\u5360GDP\u768410%\uff0c\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6709\u8da3\u7684\u662f\uff0c\u589e\u52a0\u7684\u767e\u5206\u70b9\u5dee\u4e0d\u591a\u5168\u90e8\u6765\u81ea\u5229\u606f\u652f\u51fa\u3002\u7f8e\u56fd\u8054\u90a6\u653f\u5e9c\u4eca\u5e74\u652f\u4ed8\u7684\u5229\u606f\u662fGDP\u76842.5%\uff0c\u4f30\u8ba1\u52302053\u5e74\u662f\u5f53\u65f6GDP\u76846.7%\uff0c\u4e5f\u662f\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c \u7f8e\u56fd\u653f\u5e9c\u8981\u53d1\u6108\u6765\u6108\u591a\u7684\u65b0\u503a\u6765\u5e94\u4ed8\u6108\u6765\u6108\u591a\u7684\u5229\u606f\u652f\u51fa\u3002\u56fd\u503a\u6392\u6324\u4e86\u79c1\u8425\u90e8\u95e8\u7684\u6d3b\u52a8\uff0c\u4f46\u5374\u5e76\u975e\u7528\u5728\u6709\u5efa\u8bbe\u6027\u7684\u9879\u76ee\u4e0a\uff0c\u5bf9\u7ecf\u6d4e\u81ea\u7136\u662f\u5f0a\u591a\u5229\u5c11\u3002\u540c\u65f6\uff0c\u7f8e\u56fd\u653f\u5e9c\u7684\u53d1\u503a\u4f1a\u5e26\u52a8\u5168\u7403\u5229\u7387\u4e0a\u5347\uff0c\u5bfc\u81f4\u5176\u4ed6\u5730\u533a\u7684\u7ecf\u6d4e\u53ca\u503a\u52a1\u56f0\u96be\u3002 \u9664\u4e86\u7f8e\u56fd\u5916\uff0c\u597d\u4e9b\u5df2\u5f00\u53d1\u56fd\u5bb6\u7684\u516c\u503a\u5360GDP\u6bd4\u4f8b\u4e5f\u5f88\u9ad8\u3002\u6700\u660e\u663e\u7684\u662f\u65e5\u672c\uff0c\u7ea6\u4e3a260%\uff0c\u4f46\u65e5\u672c\u7684\u50a8\u84c4\u7387\u8fdc\u9ad8\u4e8e\u7f8e\u56fd\uff0c\u800c\u65e5\u672c\u7684\u91d1\u878d\u5e02\u573a\u76f8\u5f53\u5185\u5411\uff0c\u5bf9\u5168\u7403\u7ecf\u6d4e\u7684\u5f71\u54cd\u5e94\u4e0d\u4f1a\u5f88\u5927\u3002\u6b64\u5916\uff0c\u6b27\u6d32\u7684\u5e0c\u814a\u3001\u610f\u5927\u5229\u3001\u6cd5\u56fd\u548c\u82f1\u56fd\u90fd\u6709\u76f8\u5f53\u89c4\u6a21\u7684\u516c\u503a\u3002\u5728\u76ee\u524d\u4fc4\u4e4c\u6218\u4e89\u548c\u4e2d\u4e1c\u5371\u673a\u7684\u5f71\u54cd\u4e0b\uff0c\u6b27\u6d32\u7ecf\u6d4e\u9762\u5bf9\u591a\u65b9\u9762\u7684\u56f0\u96be\uff0c\u8fc7\u91cd\u7684\u503a\u52a1\u81ea\u7136\u662f\u4e2a\u60f3\u6254\u6389\u7684\u5305\u88b1\u3002 \u548c\u5df2\u5f00\u53d1\u56fd\u5bb6\u6bd4\u8f83\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u6f14\u53d8\u76f8\u5bf9\u6765\u8bf4\u66f4\u503c\u5f97\u5173\u6ce8\u3002\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u589e\u52a0\uff0c\u4e0d\u96be\u7406\u89e3\u3002\u5979\u4eec\u7684\u653f\u5e9c\u57fa\u4e8e\u4f4e\u751f\u4ea7\u6c34\u5e73\u7684\u7a0e\u52a1\u6536\u5165\uff0c\u81ea\u7136\u4e0d\u8db3\u4ee5\u5e94\u4ed8\u5373\u4f7f\u6700\u57fa\u672c\u7684\u6c11\u751f\u53ca\u5efa\u8bbe\u5f00\u652f\uff0c\u66f4\u9051\u8bba\u5e94\u4ed8\u65b0\u51a0\u75ab\u60c5\u548c\u6c14\u5019\u53d8\u5316\u7684\u8d39\u7528\u3002\u57282011\u5e74\uff0c\u516c\u503a\u9ad8\u4e8eGDP 60%\u7684\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53ea\u670922\u4e2a\uff0c\u52302022\u5e74\u5df2\u8fc5\u901f\u589e\u52a0\u81f359\u4e2a\u3002\u6b64\u5916\uff0c\u5f53\u524d\u7684\u56fd\u9645\u91d1\u878d\u67b6\u6784\u4ea6\u9020\u6210\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u56f0\u96be\u3002 \u9996\u5148\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u3001\u7279\u522b\u662f\u4f4e\u6536\u5165\u56fd\u5bb6\u5e76\u4e0d\u5bcc\u88d5\uff0c\u56fd\u5185\u6ca1\u6709\u8db3\u591f\u7684\u8d44\u91d1\uff0c\u81ea\u7136\u8981\u5411\u56fd\u5916\u4e3e\u503a\u3002\u4f46\u5728\u56fd\u9645\u5e02\u573a\u4e0a\u4e3e\u503a\uff0c\u503a\u52a1\u81ea\u7136\u4ee5\u7f8e\u5143\u6216\u6b27\u7f57\u7b49\u786c\u901a\u8d27\u8ba1\u7b97\uff0c\u4ea6\u9700\u8981\u4ee5\u540c\u6837\u7684\u8d27\u5e01\u507f\u8fd8\uff0c\u800c\u51fa\u53e3\u662f\u8d5a\u53d6\u786c\u901a\u8d27\u7684\u4e3b\u8981\u6765\u6e90\u3002\u4ece2010\u81f32021\u5e74\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u653f\u5e9c\u5411\u5916\u56fd\u501f\u6b3e\u989d\u7531\u5979\u4eec\u56fd\u5bb6GDP\u768419%\u589e\u52a0\u81f329%\uff0c\u800c\u51fa\u53e3\u6240\u5f97\u7684\u5916\u6c47\u7528\u4e8e\u507f\u8fd8\u5916\u503a\u7684\u6bd4\u4f8b\u4ea6\u75313.9%\u589e\u52a0\u81f37.4%\u3002\u82e5\u503a\u52a1\u671f\u95f4\u56fd\u5185\u8d27\u5e01\u5151\u4e3b\u8981\u8d27\u5e01\u8d2c\u503c\uff0c\u8fd8\u6b3e\u7684\u8d1f\u62c5\u4ea6\u968f\u5373\u4e0a\u5347\u3002 \u53d1\u5c55\u4e2d\u56fd\u5bb6\u516c\u503a\u7684\u53e6\u4e00\u4e2a\u8d8b\u52bf\u662f\uff0c\u79c1\u8425\u503a\u6743\u4eba\uff08\u5982\u5546\u4e1a\u94f6\u884c\uff09\u7684\u6bd4\u4f8b\u6108\u6765\u6108\u9ad8\uff0c\u75312010\u5e74\u768447%\u589e\u52a0\u81f32021\u5e74\u768462%\u3002\u76f8\u53cd\uff0c\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\uff08\u5982\u4e16\u754c\u94f6\u884c\uff09\u6240\u5360\u7684\u6bd4\u4f8b\u5219\u51cf\u5c0f\u3002\u79c1\u8425\u503a\u6743\u4eba\u7684\u8d37\u6b3e\u4e3b\u8981\u4ece\u5546\u4e1a\u89d2\u5ea6\u51fa\u53d1\uff0c\u6761\u4ef6\u4e0d\u5982\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\u4ece\u4fc3\u8fdb\u7ecf\u6d4e\u53d1\u5c55\u7684\u89d2\u5ea6\u51fa\u53d1\u822c\u4f18\u60e0\u3002\u6b64\u5916\uff0c\u503a\u6743\u4eba\u7684\u591a\u6837\u6027\u4e5f\u589e\u52a0\u4e86\u6709\u9700\u8981\u65f6\u503a\u52a1\u91cd\u7ec4\u7684\u590d\u6742\u6027\uff0c\u56e0\u800c\u62d6\u957f\u4e86\u8c08\u5224\u7684\u65f6\u95f4\u548c\u589e\u52a0\u4e86\u6b20\u503a\u65b9\u7684\u6210\u672c\u3002\u7b80\u5355\u6765\u8bf4\uff0c\u82e5\u53ea\u6709\u4e00\u4e2a\u503a\u6743\u4eba\uff0c\u901a\u8fc7\u503a\u52a1\u91cd\u7ec4\u63d0\u9ad8\u6b20\u503a\u65b9\u507f\u8fd8\u503a\u52a1\u7684\u80fd\u529b\uff0c\u4f1a\u5168\u6570\u6709\u5229\u4e8e\u8be5\u503a\u6743\u4eba\u3002\u4f46\u82e5\u6709\u591a\u4e2a\u503a\u6743\u4eba\uff0c\u4ed6\u4eec\u90fd\u4e0d\u4f1a\u90a3\u4e48\u613f\u610f\u91cd\u7ec4\u503a\u52a1\uff0c\u56e0\u4e3a\u6b20\u503a\u65b9\u7684\u4ec5\u4f59\u8d44\u91d1\u4f1a\u5148\u8fd8\u7ed9\u90a3\u4e9b\u8ffd\u8ba8\u6700\u79ef\u6781\u7684\u503a\u6743\u4eba\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u79c1\u8425\u503a\u6743\u4eba\u7684\u591a\u6837\u5316\u5bfc\u81f4\u7684\u642d\u4fbf\u8f66\u95ee\u9898\uff0c\u59a8\u788d\u4e86\u503a\u52a1\u91cd\u7ec4\u7684\u8c08\u5224\u3002 \u53e6\u4e00\u4e2a\u95ee\u9898\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u501f\u8d37\u6210\u672c\u8fdc\u9ad8\u4e8e\u5df2\u5f00\u53d1\u56fd\u5bb6\u3002\u7531\u4e8e\u524d\u8005\u7684\u8fdd\u7ea6\u98ce\u9669\u8f83\u9ad8\uff0c\u878d\u8d44\u7684\u6210\u672c\u4e5f\u81ea\u7136\u76f8\u5e94\u4e0a\u5347\uff0c\u7279\u522b\u662f\u5728\u56fd\u9645\u91d1\u878d\u5e02\u573a\u7b79\u96c6\u7684\u8d44\u91d1\u3002\u82e5\u6bd4\u8f83\u4eca\u5e74\u4e0a\u534a\u5e74\u4e0d\u540c\u5730\u533a\u7684\u5341\u5e74\u671f\u653f\u5e9c\u503a\u5238\u6536\u76ca\u7387\uff0c\u975e\u6d32\u3001\u62c9\u4e01\u7f8e\u6d32\u548c\u4e9a\u6d32\u5206\u522b\u662f11.6%\u30017.7%\u548c6.5%\uff0c\u90fd\u5927\u5e45\u9ad8\u4e8e\u7f8e\u56fd\u76843.1%\u548c\u5fb7\u56fd\u76841.5%\u3002\u7136\u800c\uff0c\u8fd9\u4e9b\u6536\u76ca\u7387\u5dee\u522b\u90a3\u4e48\u5927\uff0c\u80fd\u5426\u5168\u7531\u8fdd\u7ea6\u98ce\u9669\u89e3\u91ca\uff0c\u503c\u5f97\u63a2\u8ba8\u3002 \u503a\u52a1\u6108\u591a\u548c\u5229\u7387\u6108\u9ad8\uff0c\u503a\u52a1\u7684\u5229\u606f\u8d1f\u62c5\u5c31\u6108\u91cd\u3002\u53bb\u5e74\u53d1\u5c55\u4e2d\u56fd\u5bb6\u652f\u4ed8\u7684\u5229\u606f\u5c31\u8fbe\u5230GDP\u76841.5%\u6216\u653f\u5e9c\u6536\u5165\u76846.9%\uff0c\u5360\u7528\u4e86\u76f8\u5f53\u7684\u8d22\u653f\u7a7a\u95f4\u3002\u57282010\u81f32021\u5e74\u671f\u95f4\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u5229\u606f\u589e\u5e45\u5c31\u9ad8\u4e8e\u533b\u7597\u6216\u6559\u80b2\u5f00\u652f\u7684\u589e\u5e45\u3002\u8fd9\u60c5\u51b5\u548c\u4e0a\u6587\u63d0\u5230\u7684\u7f8e\u56fd\u76f8\u4f3c\uff0c\u4f46\u53d1\u5c55\u4e2d\u56fd\u5bb6\u4e0d\u80fd\u4ee5\u81ea\u5df1\u7684\u8d27\u5e01\u8fd8\u503a\uff0c\u56e0\u800c\u503a\u52a1\u7684\u53ef\u6301\u7eed\u6027\u53d7\u5230\u76f8\u5f53\u7684\u7ea6\u675f\u3002 \u603b\u503a\u52a1\u5341\u5e74\u8fc5\u589e50% \u5168\u7403\u503a\u52a1\u4f5c\u4e3aGDP\u6bd4\u4f8b\u7684\u4e0a\u5347\uff0c\u9690\u542b\u7740\u4e00\u4e2a\u95ee\u9898\uff0c\u5c31\u662f\u503a\u52a1\u878d\u8d44\u5f97\u6765\u7684\u6b3e\u9879\uff0c\u53ef\u4ee5\u4fc3\u8fdb\u7684\u751f\u4ea7\u6108\u6765\u6108\u5c11\u3002\u6309\u4e16\u754c\u94f6\u884c\u7684\u6570\u636e\u8ba1\u7b97\uff0c1971\u81f32000\u5e74\u671f\u95f4\uff0c\u5168\u7403\u7684\u5e74\u5747\u5b9e\u8d28\u589e\u957f\u7387\u662f3.29%\uff0c\u800c2000\u81f32022\u5e74\u671f\u95f4\u5219\u4e3a2.85%\u3002\u540e22\u5e74\u6bd4\u524d29\u5e74\u516c\u503a\u7684\u53d1\u884c\u91cf\u660e\u663e\u66f4\u591a\u3001\u589e\u957f\u66f4\u5feb\uff0c\u540c\u65f6\u91d1\u878d\u5e02\u573a\u7406\u5e94\u66f4\u6709\u6548\u7387\uff0c\u4f46GDP\u7684\u589e\u957f\u7387\u5374\u6bd4\u8f83\u6162\u3002\u5927\u62b5\u653f\u5e9c\u501f\u6765\u7684\u8d44\u91d1\uff0c\u6bd4\u8f83\u591a\u7528\u5728\u6d88\u8d39\u6027\u800c\u975e\u6295\u8d44\u6027\u7684\u9879\u76ee\uff0c\u53c8\u6216\u7528\u6765\u507f\u8fd8\u65e7\u503a\u5229\u606f\u800c\u975e\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\u3002\u6b64\u5916\uff0c\u57282008\u5e74\u91d1\u878d\u6d77\u5578\u540e\uff0c\u7f8e\u3001\u82f1\u3001\u6b27\u3001\u65e5\u51e0\u5bb6\u4e3b\u8981\u592e\u884c\u7684\u91cf\u5316\u5bbd\u677e\u653f\u7b56\u5e26\u6765\u5341\u591a\u5e74\u7684\u6781\u4f4e\u5229\u7387\u73af\u5883\u3002\u8d44\u91d1\u6210\u672c\u8fd9\u4e48\u4fbf\u5b9c\uff0c\u6bcb\u987b\u5c06\u8d44\u91d1\u6295\u653e\u5230\u7279\u522b\u9ad8\u56de\u62a5\u7684\u9879\u76ee\u4e0a\u4e5f\u6709\u6240\u5f97\uff0c\u6548\u7387\u4e5f\u81ea\u7136\u4e0b\u8dcc\u3002 \u4e0a\u6587\u8ba8\u8bba\u7684\u503a\u52a1\u3001\u5305\u62ec\u603b\u657092\u4e07\u4ebf\u7f8e\u5143\u7684\u90fd\u662f\u653f\u5e9c\u53d1\u884c\u7684\u516c\u503a\u3002\u6309\u56fd\u9645\u91d1\u878d\u534f\u4f1a\uff08Institute of International Finance\uff09\u7684\u62a5\u544a\u3010\u6ce82\u3011\uff0c\u82e5\u5305\u62ec\u4f01\u4e1a\u548c\u4e2a\u4eba\u503a\u52a1\uff0c\u5168\u7403\u603b\u503a\u52a1\u5728\u4eca\u5e74\u4e2d\u8fbe\u5230\u5386\u53f2\u9ad8\u5cf0\u7684307\u4e07\u4ebf\u7f8e\u5143\uff0c\u6bd4\u5341\u5e74\u524d\u8fc5\u901f\u589e\u52a0\u4e86100\u4e07\u4ebf\u7f8e\u5143\u621650%\uff0c\u589e\u5e45\u60ca\u4eba\u3002\u5728\u76ee\u524d\u6709\u591a\u65b9\u9762\u4e0d\u660e\u6717\u7684\u56fd\u9645\u653f\u7ecf\u73af\u5883\u4e2d\uff0c\u8fd9\u4e48\u591a\u548c\u4ecd\u5728\u5feb\u901f\u589e\u957f\u7684\u516c\u503a\u548c\u79c1\u503a\uff0c\u662f\u672a\u6765\u7ecf\u6d4e\u8d70\u52bf\u7684\u4e00\u5927\u5173\u6ce8\u70b9\u3002 \u3010\u6ce81\u3011 https:\/\/unctad .org\/publication\/world-of-debt \u3010\u6ce82\u3011 https:\/\/markets.businessinsider.com\/news\/currencies\/global-debt-record-trillion-developed-economies-gdp-us-banks-iif -2023-9 \u9646\u708e\u8f89\u535a\u58eb \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u8363\u8a89\u526f\u6559\u6388 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u5341\u4e00\u6708\u4e00\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"google-site-verification\" content=\"google-site-verification=MjdkluDgHpNk2vz5slbwER2Gusw2rUDQuVULMERWzLo\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/opinions-and-speeches\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"HKU Business School -\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"\u503a\u52a1\u91cd\u91cd\u7684\u5168\u7403\u7ecf\u6d4e - HKU Business School\" \/>\n\t\t<meta property=\"og:description\" content=\"\u4e00\u661f\u671f\u524d\uff0c\u4eba\u5927\u5e38\u59d4\u4f1a\u6279\u51c6\u4e86\u56fd\u52a1\u9662\u589e\u53d1\u4e00\u4e07\u4ebf\u5143\u4eba\u6c11\u5e01\u7684\u7279\u522b\u56fd\u503a\uff0c\u6240\u5f97\u6b3e\u9879\u4e8e\u4eca\u5e74\u53ca\u660e\u5e74\u5168\u90e8\u8f6c\u79fb\u7ed9\u5730\u65b9\u653f\u5e9c\uff0c\u4f5c\u4e3a\u5404\u5730\u5728\u81ea\u7136\u707e\u5bb3\u540e\u7684\u91cd\u5efa\u53ca\u9632\u707e\u5de5\u7a0b\u4e4b\u7528\u3002\u6709\u5173\u63aa\u65bd\u867d\u7136\u9488\u5bf9\u81ea\u7136\u707e\u5bb3\uff0c\u4e5f\u4f1a\u5728\u5f53\u524d\u7ecf\u6d4e\u590d\u82cf\u65f6\u8d77\u5230\u63a8\u8fdb\u4f5c\u7528\uff0c\u4f53\u73b0\u51fa\u8f83\u4e3a\u79ef\u6781\u7684\u8d22\u653f\u653f\u7b56\uff0c\u540c\u65f6\u4e5f\u53cd\u6620\u51fa\u5730\u65b9\u653f\u5e9c\u7684\u6349\u895f\u89c1\u8098\uff0c\u9700\u8981\u4e2d\u592e\u653f\u5e9c\u7684\u5e2e\u52a9\u3002\u867d\u7136\u4e00\u4e07\u4ebf\u5143\u662f\u4e2a\u5e9e\u5927\u6570\u76ee\uff0c\u4f46\u4e2d\u56fd\u7684\u56fd\u503a\u89c4\u6a21\u4e0d\u5927\uff0c\u7ea6\u4e3aGDP\u768420%\uff0c\u5e94\u4e0d\u4f1a\u9020\u6210\u5f88\u5927\u7684\u8d1f\u62c5\u3002\u81f3\u4e8e\u4eba\u6c11\u94f6\u884c\u4f1a\u5426\u653e\u5bbd\u6d41\u52a8\u6027\u5e2e\u5fd9\u878d\u8d44\uff0c\u987b\u5f85\u89c2\u5bdf\uff0c\u6bd5\u7adf\u4e5f\u8981\u8003\u8651\u4eba\u6c11\u5e01\u6c47\u7387\u7684\u5f31\u52bf\u3002 \u653f\u5e9c\u4ee5\u53d1\u503a\u878d\u8d44\u6765\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\uff0c\u662f\u53f8\u7a7a\u89c1\u60ef\u7684\u4f8b\u884c\u516c\u4e8b\u3002\u4f46\u503a\u52a1\u662f\u628a\u53cc\u5203\u5251\uff0c\u9002\u5f53\u7684\u53d1\u503a\u89c4\u6a21\u548c\u6240\u5f97\u8d44\u91d1\u7684\u6709\u6548\u8fd0\u7528\uff0c\u53ef\u4ee5\u5e26\u6765\u66f4\u591a\u66f4\u65e9\u7684\u751f\u4ea7\u548c\u6d88\u8d39\uff0c\u800c\u9519\u8bef\u7684\u8d44\u91d1\u6295\u653e\uff0c\u7279\u522b\u5728\u8fc7\u5ea6\u53d1\u503a\u7684\u60c5\u51b5\u4e0b\uff0c\u4e0d\u5355\u6d6a\u8d39\u8d44\u6e90\uff0c\u4ea6\u4f1a\u6210\u4e3a\u5c06\u6765\u7684\u8d1f\u7d2f\u3002\u73af\u987e\u5168\u7403\u7ecf\u6d4e\uff0c\u65e0\u8bba\u662f\u503a\u52a1\u603b\u989d\u6216\u4f5c\u4e3aGDP\u7684\u6bd4\u4f8b\uff0c\u5728\u8fc7\u53bb\u5341\u591a\u4e8c\u5341\u5e74\u90fd\u6709\u8fc5\u901f\u4e0a\u5347\u7684\u8d8b\u52bf\uff0c\u5728\u5168\u7403\u7ecf\u6d4e\u53d1\u5c55\u7684\u524d\u666f\u4e2d\u6295\u4e0b\u4e00\u4e2a\u9634\u5f71\u3002 \u7f8e\u987b\u53d1\u66f4\u591a\u65b0\u503a\u8fd8\u606f \u6839\u636e\u8054\u5408\u56fd\u7684\u8d44\u6599\u3010\u6ce81\u3011\uff0c\u5168\u7403\u5404\u653f\u5e9c\u53d1\u884c\u7684\u3001\u5305\u62ec\u5bf9\u5185\u548c\u5bf9\u5916\u7684\u516c\u503a\uff0c\u57282022\u5e74\u8fbe\u523092\u4e07\u4ebf\u7f8e\u5143\uff0c\u662f2000\u5e7417\u4e07\u4ebf\u7f8e\u5143\u76845\u500d\u591a\uff0c\u800c2022\u5e74\u7684\u5168\u7403GDP\u53ea\u662f2000\u5e74\u76843\u500d\uff0c\u5373\u516c\u503a\u5bf9GDP\u7684\u6bd4\u4f8b\u4e0a\u5347\u4e86\u4e09\u5206\u4e4b\u4e8c\u3002 92\u4e07\u4ebf\u7f8e\u5143\u516c\u503a\u4e2d\uff0c\u7531\u5df2\u5f00\u53d1\u56fd\u5bb6\u548c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53d1\u884c\u7684\u6bd4\u4f8b\u5206\u522b\u4e3a70%\u548c30%\u3002\u4f17\u6240\u5468\u77e5\uff0c\u7f8e\u56fd\u53d1\u884c\u7684\u516c\u503a\u6700\u591a\uff0c\u5360\u5168\u7403\u516c\u503a\u768434%\uff0c\u5bf9\u5168\u7403\u7684\u5f71\u54cd\u4ea6\u6700\u4e3a\u76f4\u63a5\u548c\u6df1\u8fdc\u3002 \u51ed\u7740\u7f8e\u5143\u7684\u56fd\u9645\u5730\u4f4d\uff0c\u7f8e\u56fd\u653f\u5e9c\u53ef\u4ee5\u6063\u610f\u5730\u6b20\u503a\u7d2f\u7d2f\uff0c\u5230\u4eca\u5e74\u4e2d\u5df2\u8d85\u8fc732\u4e07\u4ebf\u7f8e\u5143\uff0c\u4e3aGDP\u7684120%\u3002\u6839\u636e\u7f8e\u56fd\u56fd\u4f1a\u9884\u7b97\u529e\u516c\u5ba4\uff08U.S. Congressional Budget Office\uff09\u4eca\u5e746\u6708\u53d1\u8868\u7684\u62a5\u544a\uff0c\u8054\u90a6\u653f\u5e9c\u7684\u8d22\u653f\u8d64\u5b57\u4f1a\u75312023\u5e74\u5360GDP\u76845.8%\u6301\u7eed\u589e\u52a0\u81f32053\u5e74\u5360GDP\u768410%\uff0c\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6709\u8da3\u7684\u662f\uff0c\u589e\u52a0\u7684\u767e\u5206\u70b9\u5dee\u4e0d\u591a\u5168\u90e8\u6765\u81ea\u5229\u606f\u652f\u51fa\u3002\u7f8e\u56fd\u8054\u90a6\u653f\u5e9c\u4eca\u5e74\u652f\u4ed8\u7684\u5229\u606f\u662fGDP\u76842.5%\uff0c\u4f30\u8ba1\u52302053\u5e74\u662f\u5f53\u65f6GDP\u76846.7%\uff0c\u4e5f\u662f\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c \u7f8e\u56fd\u653f\u5e9c\u8981\u53d1\u6108\u6765\u6108\u591a\u7684\u65b0\u503a\u6765\u5e94\u4ed8\u6108\u6765\u6108\u591a\u7684\u5229\u606f\u652f\u51fa\u3002\u56fd\u503a\u6392\u6324\u4e86\u79c1\u8425\u90e8\u95e8\u7684\u6d3b\u52a8\uff0c\u4f46\u5374\u5e76\u975e\u7528\u5728\u6709\u5efa\u8bbe\u6027\u7684\u9879\u76ee\u4e0a\uff0c\u5bf9\u7ecf\u6d4e\u81ea\u7136\u662f\u5f0a\u591a\u5229\u5c11\u3002\u540c\u65f6\uff0c\u7f8e\u56fd\u653f\u5e9c\u7684\u53d1\u503a\u4f1a\u5e26\u52a8\u5168\u7403\u5229\u7387\u4e0a\u5347\uff0c\u5bfc\u81f4\u5176\u4ed6\u5730\u533a\u7684\u7ecf\u6d4e\u53ca\u503a\u52a1\u56f0\u96be\u3002 \u9664\u4e86\u7f8e\u56fd\u5916\uff0c\u597d\u4e9b\u5df2\u5f00\u53d1\u56fd\u5bb6\u7684\u516c\u503a\u5360GDP\u6bd4\u4f8b\u4e5f\u5f88\u9ad8\u3002\u6700\u660e\u663e\u7684\u662f\u65e5\u672c\uff0c\u7ea6\u4e3a260%\uff0c\u4f46\u65e5\u672c\u7684\u50a8\u84c4\u7387\u8fdc\u9ad8\u4e8e\u7f8e\u56fd\uff0c\u800c\u65e5\u672c\u7684\u91d1\u878d\u5e02\u573a\u76f8\u5f53\u5185\u5411\uff0c\u5bf9\u5168\u7403\u7ecf\u6d4e\u7684\u5f71\u54cd\u5e94\u4e0d\u4f1a\u5f88\u5927\u3002\u6b64\u5916\uff0c\u6b27\u6d32\u7684\u5e0c\u814a\u3001\u610f\u5927\u5229\u3001\u6cd5\u56fd\u548c\u82f1\u56fd\u90fd\u6709\u76f8\u5f53\u89c4\u6a21\u7684\u516c\u503a\u3002\u5728\u76ee\u524d\u4fc4\u4e4c\u6218\u4e89\u548c\u4e2d\u4e1c\u5371\u673a\u7684\u5f71\u54cd\u4e0b\uff0c\u6b27\u6d32\u7ecf\u6d4e\u9762\u5bf9\u591a\u65b9\u9762\u7684\u56f0\u96be\uff0c\u8fc7\u91cd\u7684\u503a\u52a1\u81ea\u7136\u662f\u4e2a\u60f3\u6254\u6389\u7684\u5305\u88b1\u3002 \u548c\u5df2\u5f00\u53d1\u56fd\u5bb6\u6bd4\u8f83\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u6f14\u53d8\u76f8\u5bf9\u6765\u8bf4\u66f4\u503c\u5f97\u5173\u6ce8\u3002\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u589e\u52a0\uff0c\u4e0d\u96be\u7406\u89e3\u3002\u5979\u4eec\u7684\u653f\u5e9c\u57fa\u4e8e\u4f4e\u751f\u4ea7\u6c34\u5e73\u7684\u7a0e\u52a1\u6536\u5165\uff0c\u81ea\u7136\u4e0d\u8db3\u4ee5\u5e94\u4ed8\u5373\u4f7f\u6700\u57fa\u672c\u7684\u6c11\u751f\u53ca\u5efa\u8bbe\u5f00\u652f\uff0c\u66f4\u9051\u8bba\u5e94\u4ed8\u65b0\u51a0\u75ab\u60c5\u548c\u6c14\u5019\u53d8\u5316\u7684\u8d39\u7528\u3002\u57282011\u5e74\uff0c\u516c\u503a\u9ad8\u4e8eGDP 60%\u7684\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53ea\u670922\u4e2a\uff0c\u52302022\u5e74\u5df2\u8fc5\u901f\u589e\u52a0\u81f359\u4e2a\u3002\u6b64\u5916\uff0c\u5f53\u524d\u7684\u56fd\u9645\u91d1\u878d\u67b6\u6784\u4ea6\u9020\u6210\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u56f0\u96be\u3002 \u9996\u5148\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u3001\u7279\u522b\u662f\u4f4e\u6536\u5165\u56fd\u5bb6\u5e76\u4e0d\u5bcc\u88d5\uff0c\u56fd\u5185\u6ca1\u6709\u8db3\u591f\u7684\u8d44\u91d1\uff0c\u81ea\u7136\u8981\u5411\u56fd\u5916\u4e3e\u503a\u3002\u4f46\u5728\u56fd\u9645\u5e02\u573a\u4e0a\u4e3e\u503a\uff0c\u503a\u52a1\u81ea\u7136\u4ee5\u7f8e\u5143\u6216\u6b27\u7f57\u7b49\u786c\u901a\u8d27\u8ba1\u7b97\uff0c\u4ea6\u9700\u8981\u4ee5\u540c\u6837\u7684\u8d27\u5e01\u507f\u8fd8\uff0c\u800c\u51fa\u53e3\u662f\u8d5a\u53d6\u786c\u901a\u8d27\u7684\u4e3b\u8981\u6765\u6e90\u3002\u4ece2010\u81f32021\u5e74\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u653f\u5e9c\u5411\u5916\u56fd\u501f\u6b3e\u989d\u7531\u5979\u4eec\u56fd\u5bb6GDP\u768419%\u589e\u52a0\u81f329%\uff0c\u800c\u51fa\u53e3\u6240\u5f97\u7684\u5916\u6c47\u7528\u4e8e\u507f\u8fd8\u5916\u503a\u7684\u6bd4\u4f8b\u4ea6\u75313.9%\u589e\u52a0\u81f37.4%\u3002\u82e5\u503a\u52a1\u671f\u95f4\u56fd\u5185\u8d27\u5e01\u5151\u4e3b\u8981\u8d27\u5e01\u8d2c\u503c\uff0c\u8fd8\u6b3e\u7684\u8d1f\u62c5\u4ea6\u968f\u5373\u4e0a\u5347\u3002 \u53d1\u5c55\u4e2d\u56fd\u5bb6\u516c\u503a\u7684\u53e6\u4e00\u4e2a\u8d8b\u52bf\u662f\uff0c\u79c1\u8425\u503a\u6743\u4eba\uff08\u5982\u5546\u4e1a\u94f6\u884c\uff09\u7684\u6bd4\u4f8b\u6108\u6765\u6108\u9ad8\uff0c\u75312010\u5e74\u768447%\u589e\u52a0\u81f32021\u5e74\u768462%\u3002\u76f8\u53cd\uff0c\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\uff08\u5982\u4e16\u754c\u94f6\u884c\uff09\u6240\u5360\u7684\u6bd4\u4f8b\u5219\u51cf\u5c0f\u3002\u79c1\u8425\u503a\u6743\u4eba\u7684\u8d37\u6b3e\u4e3b\u8981\u4ece\u5546\u4e1a\u89d2\u5ea6\u51fa\u53d1\uff0c\u6761\u4ef6\u4e0d\u5982\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\u4ece\u4fc3\u8fdb\u7ecf\u6d4e\u53d1\u5c55\u7684\u89d2\u5ea6\u51fa\u53d1\u822c\u4f18\u60e0\u3002\u6b64\u5916\uff0c\u503a\u6743\u4eba\u7684\u591a\u6837\u6027\u4e5f\u589e\u52a0\u4e86\u6709\u9700\u8981\u65f6\u503a\u52a1\u91cd\u7ec4\u7684\u590d\u6742\u6027\uff0c\u56e0\u800c\u62d6\u957f\u4e86\u8c08\u5224\u7684\u65f6\u95f4\u548c\u589e\u52a0\u4e86\u6b20\u503a\u65b9\u7684\u6210\u672c\u3002\u7b80\u5355\u6765\u8bf4\uff0c\u82e5\u53ea\u6709\u4e00\u4e2a\u503a\u6743\u4eba\uff0c\u901a\u8fc7\u503a\u52a1\u91cd\u7ec4\u63d0\u9ad8\u6b20\u503a\u65b9\u507f\u8fd8\u503a\u52a1\u7684\u80fd\u529b\uff0c\u4f1a\u5168\u6570\u6709\u5229\u4e8e\u8be5\u503a\u6743\u4eba\u3002\u4f46\u82e5\u6709\u591a\u4e2a\u503a\u6743\u4eba\uff0c\u4ed6\u4eec\u90fd\u4e0d\u4f1a\u90a3\u4e48\u613f\u610f\u91cd\u7ec4\u503a\u52a1\uff0c\u56e0\u4e3a\u6b20\u503a\u65b9\u7684\u4ec5\u4f59\u8d44\u91d1\u4f1a\u5148\u8fd8\u7ed9\u90a3\u4e9b\u8ffd\u8ba8\u6700\u79ef\u6781\u7684\u503a\u6743\u4eba\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u79c1\u8425\u503a\u6743\u4eba\u7684\u591a\u6837\u5316\u5bfc\u81f4\u7684\u642d\u4fbf\u8f66\u95ee\u9898\uff0c\u59a8\u788d\u4e86\u503a\u52a1\u91cd\u7ec4\u7684\u8c08\u5224\u3002 \u53e6\u4e00\u4e2a\u95ee\u9898\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u501f\u8d37\u6210\u672c\u8fdc\u9ad8\u4e8e\u5df2\u5f00\u53d1\u56fd\u5bb6\u3002\u7531\u4e8e\u524d\u8005\u7684\u8fdd\u7ea6\u98ce\u9669\u8f83\u9ad8\uff0c\u878d\u8d44\u7684\u6210\u672c\u4e5f\u81ea\u7136\u76f8\u5e94\u4e0a\u5347\uff0c\u7279\u522b\u662f\u5728\u56fd\u9645\u91d1\u878d\u5e02\u573a\u7b79\u96c6\u7684\u8d44\u91d1\u3002\u82e5\u6bd4\u8f83\u4eca\u5e74\u4e0a\u534a\u5e74\u4e0d\u540c\u5730\u533a\u7684\u5341\u5e74\u671f\u653f\u5e9c\u503a\u5238\u6536\u76ca\u7387\uff0c\u975e\u6d32\u3001\u62c9\u4e01\u7f8e\u6d32\u548c\u4e9a\u6d32\u5206\u522b\u662f11.6%\u30017.7%\u548c6.5%\uff0c\u90fd\u5927\u5e45\u9ad8\u4e8e\u7f8e\u56fd\u76843.1%\u548c\u5fb7\u56fd\u76841.5%\u3002\u7136\u800c\uff0c\u8fd9\u4e9b\u6536\u76ca\u7387\u5dee\u522b\u90a3\u4e48\u5927\uff0c\u80fd\u5426\u5168\u7531\u8fdd\u7ea6\u98ce\u9669\u89e3\u91ca\uff0c\u503c\u5f97\u63a2\u8ba8\u3002 \u503a\u52a1\u6108\u591a\u548c\u5229\u7387\u6108\u9ad8\uff0c\u503a\u52a1\u7684\u5229\u606f\u8d1f\u62c5\u5c31\u6108\u91cd\u3002\u53bb\u5e74\u53d1\u5c55\u4e2d\u56fd\u5bb6\u652f\u4ed8\u7684\u5229\u606f\u5c31\u8fbe\u5230GDP\u76841.5%\u6216\u653f\u5e9c\u6536\u5165\u76846.9%\uff0c\u5360\u7528\u4e86\u76f8\u5f53\u7684\u8d22\u653f\u7a7a\u95f4\u3002\u57282010\u81f32021\u5e74\u671f\u95f4\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u5229\u606f\u589e\u5e45\u5c31\u9ad8\u4e8e\u533b\u7597\u6216\u6559\u80b2\u5f00\u652f\u7684\u589e\u5e45\u3002\u8fd9\u60c5\u51b5\u548c\u4e0a\u6587\u63d0\u5230\u7684\u7f8e\u56fd\u76f8\u4f3c\uff0c\u4f46\u53d1\u5c55\u4e2d\u56fd\u5bb6\u4e0d\u80fd\u4ee5\u81ea\u5df1\u7684\u8d27\u5e01\u8fd8\u503a\uff0c\u56e0\u800c\u503a\u52a1\u7684\u53ef\u6301\u7eed\u6027\u53d7\u5230\u76f8\u5f53\u7684\u7ea6\u675f\u3002 \u603b\u503a\u52a1\u5341\u5e74\u8fc5\u589e50% \u5168\u7403\u503a\u52a1\u4f5c\u4e3aGDP\u6bd4\u4f8b\u7684\u4e0a\u5347\uff0c\u9690\u542b\u7740\u4e00\u4e2a\u95ee\u9898\uff0c\u5c31\u662f\u503a\u52a1\u878d\u8d44\u5f97\u6765\u7684\u6b3e\u9879\uff0c\u53ef\u4ee5\u4fc3\u8fdb\u7684\u751f\u4ea7\u6108\u6765\u6108\u5c11\u3002\u6309\u4e16\u754c\u94f6\u884c\u7684\u6570\u636e\u8ba1\u7b97\uff0c1971\u81f32000\u5e74\u671f\u95f4\uff0c\u5168\u7403\u7684\u5e74\u5747\u5b9e\u8d28\u589e\u957f\u7387\u662f3.29%\uff0c\u800c2000\u81f32022\u5e74\u671f\u95f4\u5219\u4e3a2.85%\u3002\u540e22\u5e74\u6bd4\u524d29\u5e74\u516c\u503a\u7684\u53d1\u884c\u91cf\u660e\u663e\u66f4\u591a\u3001\u589e\u957f\u66f4\u5feb\uff0c\u540c\u65f6\u91d1\u878d\u5e02\u573a\u7406\u5e94\u66f4\u6709\u6548\u7387\uff0c\u4f46GDP\u7684\u589e\u957f\u7387\u5374\u6bd4\u8f83\u6162\u3002\u5927\u62b5\u653f\u5e9c\u501f\u6765\u7684\u8d44\u91d1\uff0c\u6bd4\u8f83\u591a\u7528\u5728\u6d88\u8d39\u6027\u800c\u975e\u6295\u8d44\u6027\u7684\u9879\u76ee\uff0c\u53c8\u6216\u7528\u6765\u507f\u8fd8\u65e7\u503a\u5229\u606f\u800c\u975e\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\u3002\u6b64\u5916\uff0c\u57282008\u5e74\u91d1\u878d\u6d77\u5578\u540e\uff0c\u7f8e\u3001\u82f1\u3001\u6b27\u3001\u65e5\u51e0\u5bb6\u4e3b\u8981\u592e\u884c\u7684\u91cf\u5316\u5bbd\u677e\u653f\u7b56\u5e26\u6765\u5341\u591a\u5e74\u7684\u6781\u4f4e\u5229\u7387\u73af\u5883\u3002\u8d44\u91d1\u6210\u672c\u8fd9\u4e48\u4fbf\u5b9c\uff0c\u6bcb\u987b\u5c06\u8d44\u91d1\u6295\u653e\u5230\u7279\u522b\u9ad8\u56de\u62a5\u7684\u9879\u76ee\u4e0a\u4e5f\u6709\u6240\u5f97\uff0c\u6548\u7387\u4e5f\u81ea\u7136\u4e0b\u8dcc\u3002 \u4e0a\u6587\u8ba8\u8bba\u7684\u503a\u52a1\u3001\u5305\u62ec\u603b\u657092\u4e07\u4ebf\u7f8e\u5143\u7684\u90fd\u662f\u653f\u5e9c\u53d1\u884c\u7684\u516c\u503a\u3002\u6309\u56fd\u9645\u91d1\u878d\u534f\u4f1a\uff08Institute of International Finance\uff09\u7684\u62a5\u544a\u3010\u6ce82\u3011\uff0c\u82e5\u5305\u62ec\u4f01\u4e1a\u548c\u4e2a\u4eba\u503a\u52a1\uff0c\u5168\u7403\u603b\u503a\u52a1\u5728\u4eca\u5e74\u4e2d\u8fbe\u5230\u5386\u53f2\u9ad8\u5cf0\u7684307\u4e07\u4ebf\u7f8e\u5143\uff0c\u6bd4\u5341\u5e74\u524d\u8fc5\u901f\u589e\u52a0\u4e86100\u4e07\u4ebf\u7f8e\u5143\u621650%\uff0c\u589e\u5e45\u60ca\u4eba\u3002\u5728\u76ee\u524d\u6709\u591a\u65b9\u9762\u4e0d\u660e\u6717\u7684\u56fd\u9645\u653f\u7ecf\u73af\u5883\u4e2d\uff0c\u8fd9\u4e48\u591a\u548c\u4ecd\u5728\u5feb\u901f\u589e\u957f\u7684\u516c\u503a\u548c\u79c1\u503a\uff0c\u662f\u672a\u6765\u7ecf\u6d4e\u8d70\u52bf\u7684\u4e00\u5927\u5173\u6ce8\u70b9\u3002 \u3010\u6ce81\u3011 https:\/\/unctad .org\/publication\/world-of-debt \u3010\u6ce82\u3011 https:\/\/markets.businessinsider.com\/news\/currencies\/global-debt-record-trillion-developed-economies-gdp-us-banks-iif -2023-9 \u9646\u708e\u8f89\u535a\u58eb \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u8363\u8a89\u526f\u6559\u6388 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u5341\u4e00\u6708\u4e00\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/opinions-and-speeches\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2023-11-03T01:56:33+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2023-11-03T08:24:03+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"\u503a\u52a1\u91cd\u91cd\u7684\u5168\u7403\u7ecf\u6d4e - HKU Business School\" \/>\n\t\t<meta name=\"twitter:description\" content=\"\u4e00\u661f\u671f\u524d\uff0c\u4eba\u5927\u5e38\u59d4\u4f1a\u6279\u51c6\u4e86\u56fd\u52a1\u9662\u589e\u53d1\u4e00\u4e07\u4ebf\u5143\u4eba\u6c11\u5e01\u7684\u7279\u522b\u56fd\u503a\uff0c\u6240\u5f97\u6b3e\u9879\u4e8e\u4eca\u5e74\u53ca\u660e\u5e74\u5168\u90e8\u8f6c\u79fb\u7ed9\u5730\u65b9\u653f\u5e9c\uff0c\u4f5c\u4e3a\u5404\u5730\u5728\u81ea\u7136\u707e\u5bb3\u540e\u7684\u91cd\u5efa\u53ca\u9632\u707e\u5de5\u7a0b\u4e4b\u7528\u3002\u6709\u5173\u63aa\u65bd\u867d\u7136\u9488\u5bf9\u81ea\u7136\u707e\u5bb3\uff0c\u4e5f\u4f1a\u5728\u5f53\u524d\u7ecf\u6d4e\u590d\u82cf\u65f6\u8d77\u5230\u63a8\u8fdb\u4f5c\u7528\uff0c\u4f53\u73b0\u51fa\u8f83\u4e3a\u79ef\u6781\u7684\u8d22\u653f\u653f\u7b56\uff0c\u540c\u65f6\u4e5f\u53cd\u6620\u51fa\u5730\u65b9\u653f\u5e9c\u7684\u6349\u895f\u89c1\u8098\uff0c\u9700\u8981\u4e2d\u592e\u653f\u5e9c\u7684\u5e2e\u52a9\u3002\u867d\u7136\u4e00\u4e07\u4ebf\u5143\u662f\u4e2a\u5e9e\u5927\u6570\u76ee\uff0c\u4f46\u4e2d\u56fd\u7684\u56fd\u503a\u89c4\u6a21\u4e0d\u5927\uff0c\u7ea6\u4e3aGDP\u768420%\uff0c\u5e94\u4e0d\u4f1a\u9020\u6210\u5f88\u5927\u7684\u8d1f\u62c5\u3002\u81f3\u4e8e\u4eba\u6c11\u94f6\u884c\u4f1a\u5426\u653e\u5bbd\u6d41\u52a8\u6027\u5e2e\u5fd9\u878d\u8d44\uff0c\u987b\u5f85\u89c2\u5bdf\uff0c\u6bd5\u7adf\u4e5f\u8981\u8003\u8651\u4eba\u6c11\u5e01\u6c47\u7387\u7684\u5f31\u52bf\u3002 \u653f\u5e9c\u4ee5\u53d1\u503a\u878d\u8d44\u6765\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\uff0c\u662f\u53f8\u7a7a\u89c1\u60ef\u7684\u4f8b\u884c\u516c\u4e8b\u3002\u4f46\u503a\u52a1\u662f\u628a\u53cc\u5203\u5251\uff0c\u9002\u5f53\u7684\u53d1\u503a\u89c4\u6a21\u548c\u6240\u5f97\u8d44\u91d1\u7684\u6709\u6548\u8fd0\u7528\uff0c\u53ef\u4ee5\u5e26\u6765\u66f4\u591a\u66f4\u65e9\u7684\u751f\u4ea7\u548c\u6d88\u8d39\uff0c\u800c\u9519\u8bef\u7684\u8d44\u91d1\u6295\u653e\uff0c\u7279\u522b\u5728\u8fc7\u5ea6\u53d1\u503a\u7684\u60c5\u51b5\u4e0b\uff0c\u4e0d\u5355\u6d6a\u8d39\u8d44\u6e90\uff0c\u4ea6\u4f1a\u6210\u4e3a\u5c06\u6765\u7684\u8d1f\u7d2f\u3002\u73af\u987e\u5168\u7403\u7ecf\u6d4e\uff0c\u65e0\u8bba\u662f\u503a\u52a1\u603b\u989d\u6216\u4f5c\u4e3aGDP\u7684\u6bd4\u4f8b\uff0c\u5728\u8fc7\u53bb\u5341\u591a\u4e8c\u5341\u5e74\u90fd\u6709\u8fc5\u901f\u4e0a\u5347\u7684\u8d8b\u52bf\uff0c\u5728\u5168\u7403\u7ecf\u6d4e\u53d1\u5c55\u7684\u524d\u666f\u4e2d\u6295\u4e0b\u4e00\u4e2a\u9634\u5f71\u3002 \u7f8e\u987b\u53d1\u66f4\u591a\u65b0\u503a\u8fd8\u606f \u6839\u636e\u8054\u5408\u56fd\u7684\u8d44\u6599\u3010\u6ce81\u3011\uff0c\u5168\u7403\u5404\u653f\u5e9c\u53d1\u884c\u7684\u3001\u5305\u62ec\u5bf9\u5185\u548c\u5bf9\u5916\u7684\u516c\u503a\uff0c\u57282022\u5e74\u8fbe\u523092\u4e07\u4ebf\u7f8e\u5143\uff0c\u662f2000\u5e7417\u4e07\u4ebf\u7f8e\u5143\u76845\u500d\u591a\uff0c\u800c2022\u5e74\u7684\u5168\u7403GDP\u53ea\u662f2000\u5e74\u76843\u500d\uff0c\u5373\u516c\u503a\u5bf9GDP\u7684\u6bd4\u4f8b\u4e0a\u5347\u4e86\u4e09\u5206\u4e4b\u4e8c\u3002 92\u4e07\u4ebf\u7f8e\u5143\u516c\u503a\u4e2d\uff0c\u7531\u5df2\u5f00\u53d1\u56fd\u5bb6\u548c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53d1\u884c\u7684\u6bd4\u4f8b\u5206\u522b\u4e3a70%\u548c30%\u3002\u4f17\u6240\u5468\u77e5\uff0c\u7f8e\u56fd\u53d1\u884c\u7684\u516c\u503a\u6700\u591a\uff0c\u5360\u5168\u7403\u516c\u503a\u768434%\uff0c\u5bf9\u5168\u7403\u7684\u5f71\u54cd\u4ea6\u6700\u4e3a\u76f4\u63a5\u548c\u6df1\u8fdc\u3002 \u51ed\u7740\u7f8e\u5143\u7684\u56fd\u9645\u5730\u4f4d\uff0c\u7f8e\u56fd\u653f\u5e9c\u53ef\u4ee5\u6063\u610f\u5730\u6b20\u503a\u7d2f\u7d2f\uff0c\u5230\u4eca\u5e74\u4e2d\u5df2\u8d85\u8fc732\u4e07\u4ebf\u7f8e\u5143\uff0c\u4e3aGDP\u7684120%\u3002\u6839\u636e\u7f8e\u56fd\u56fd\u4f1a\u9884\u7b97\u529e\u516c\u5ba4\uff08U.S. Congressional Budget Office\uff09\u4eca\u5e746\u6708\u53d1\u8868\u7684\u62a5\u544a\uff0c\u8054\u90a6\u653f\u5e9c\u7684\u8d22\u653f\u8d64\u5b57\u4f1a\u75312023\u5e74\u5360GDP\u76845.8%\u6301\u7eed\u589e\u52a0\u81f32053\u5e74\u5360GDP\u768410%\uff0c\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6709\u8da3\u7684\u662f\uff0c\u589e\u52a0\u7684\u767e\u5206\u70b9\u5dee\u4e0d\u591a\u5168\u90e8\u6765\u81ea\u5229\u606f\u652f\u51fa\u3002\u7f8e\u56fd\u8054\u90a6\u653f\u5e9c\u4eca\u5e74\u652f\u4ed8\u7684\u5229\u606f\u662fGDP\u76842.5%\uff0c\u4f30\u8ba1\u52302053\u5e74\u662f\u5f53\u65f6GDP\u76846.7%\uff0c\u4e5f\u662f\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c \u7f8e\u56fd\u653f\u5e9c\u8981\u53d1\u6108\u6765\u6108\u591a\u7684\u65b0\u503a\u6765\u5e94\u4ed8\u6108\u6765\u6108\u591a\u7684\u5229\u606f\u652f\u51fa\u3002\u56fd\u503a\u6392\u6324\u4e86\u79c1\u8425\u90e8\u95e8\u7684\u6d3b\u52a8\uff0c\u4f46\u5374\u5e76\u975e\u7528\u5728\u6709\u5efa\u8bbe\u6027\u7684\u9879\u76ee\u4e0a\uff0c\u5bf9\u7ecf\u6d4e\u81ea\u7136\u662f\u5f0a\u591a\u5229\u5c11\u3002\u540c\u65f6\uff0c\u7f8e\u56fd\u653f\u5e9c\u7684\u53d1\u503a\u4f1a\u5e26\u52a8\u5168\u7403\u5229\u7387\u4e0a\u5347\uff0c\u5bfc\u81f4\u5176\u4ed6\u5730\u533a\u7684\u7ecf\u6d4e\u53ca\u503a\u52a1\u56f0\u96be\u3002 \u9664\u4e86\u7f8e\u56fd\u5916\uff0c\u597d\u4e9b\u5df2\u5f00\u53d1\u56fd\u5bb6\u7684\u516c\u503a\u5360GDP\u6bd4\u4f8b\u4e5f\u5f88\u9ad8\u3002\u6700\u660e\u663e\u7684\u662f\u65e5\u672c\uff0c\u7ea6\u4e3a260%\uff0c\u4f46\u65e5\u672c\u7684\u50a8\u84c4\u7387\u8fdc\u9ad8\u4e8e\u7f8e\u56fd\uff0c\u800c\u65e5\u672c\u7684\u91d1\u878d\u5e02\u573a\u76f8\u5f53\u5185\u5411\uff0c\u5bf9\u5168\u7403\u7ecf\u6d4e\u7684\u5f71\u54cd\u5e94\u4e0d\u4f1a\u5f88\u5927\u3002\u6b64\u5916\uff0c\u6b27\u6d32\u7684\u5e0c\u814a\u3001\u610f\u5927\u5229\u3001\u6cd5\u56fd\u548c\u82f1\u56fd\u90fd\u6709\u76f8\u5f53\u89c4\u6a21\u7684\u516c\u503a\u3002\u5728\u76ee\u524d\u4fc4\u4e4c\u6218\u4e89\u548c\u4e2d\u4e1c\u5371\u673a\u7684\u5f71\u54cd\u4e0b\uff0c\u6b27\u6d32\u7ecf\u6d4e\u9762\u5bf9\u591a\u65b9\u9762\u7684\u56f0\u96be\uff0c\u8fc7\u91cd\u7684\u503a\u52a1\u81ea\u7136\u662f\u4e2a\u60f3\u6254\u6389\u7684\u5305\u88b1\u3002 \u548c\u5df2\u5f00\u53d1\u56fd\u5bb6\u6bd4\u8f83\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u6f14\u53d8\u76f8\u5bf9\u6765\u8bf4\u66f4\u503c\u5f97\u5173\u6ce8\u3002\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u589e\u52a0\uff0c\u4e0d\u96be\u7406\u89e3\u3002\u5979\u4eec\u7684\u653f\u5e9c\u57fa\u4e8e\u4f4e\u751f\u4ea7\u6c34\u5e73\u7684\u7a0e\u52a1\u6536\u5165\uff0c\u81ea\u7136\u4e0d\u8db3\u4ee5\u5e94\u4ed8\u5373\u4f7f\u6700\u57fa\u672c\u7684\u6c11\u751f\u53ca\u5efa\u8bbe\u5f00\u652f\uff0c\u66f4\u9051\u8bba\u5e94\u4ed8\u65b0\u51a0\u75ab\u60c5\u548c\u6c14\u5019\u53d8\u5316\u7684\u8d39\u7528\u3002\u57282011\u5e74\uff0c\u516c\u503a\u9ad8\u4e8eGDP 60%\u7684\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53ea\u670922\u4e2a\uff0c\u52302022\u5e74\u5df2\u8fc5\u901f\u589e\u52a0\u81f359\u4e2a\u3002\u6b64\u5916\uff0c\u5f53\u524d\u7684\u56fd\u9645\u91d1\u878d\u67b6\u6784\u4ea6\u9020\u6210\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u56f0\u96be\u3002 \u9996\u5148\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u3001\u7279\u522b\u662f\u4f4e\u6536\u5165\u56fd\u5bb6\u5e76\u4e0d\u5bcc\u88d5\uff0c\u56fd\u5185\u6ca1\u6709\u8db3\u591f\u7684\u8d44\u91d1\uff0c\u81ea\u7136\u8981\u5411\u56fd\u5916\u4e3e\u503a\u3002\u4f46\u5728\u56fd\u9645\u5e02\u573a\u4e0a\u4e3e\u503a\uff0c\u503a\u52a1\u81ea\u7136\u4ee5\u7f8e\u5143\u6216\u6b27\u7f57\u7b49\u786c\u901a\u8d27\u8ba1\u7b97\uff0c\u4ea6\u9700\u8981\u4ee5\u540c\u6837\u7684\u8d27\u5e01\u507f\u8fd8\uff0c\u800c\u51fa\u53e3\u662f\u8d5a\u53d6\u786c\u901a\u8d27\u7684\u4e3b\u8981\u6765\u6e90\u3002\u4ece2010\u81f32021\u5e74\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u653f\u5e9c\u5411\u5916\u56fd\u501f\u6b3e\u989d\u7531\u5979\u4eec\u56fd\u5bb6GDP\u768419%\u589e\u52a0\u81f329%\uff0c\u800c\u51fa\u53e3\u6240\u5f97\u7684\u5916\u6c47\u7528\u4e8e\u507f\u8fd8\u5916\u503a\u7684\u6bd4\u4f8b\u4ea6\u75313.9%\u589e\u52a0\u81f37.4%\u3002\u82e5\u503a\u52a1\u671f\u95f4\u56fd\u5185\u8d27\u5e01\u5151\u4e3b\u8981\u8d27\u5e01\u8d2c\u503c\uff0c\u8fd8\u6b3e\u7684\u8d1f\u62c5\u4ea6\u968f\u5373\u4e0a\u5347\u3002 \u53d1\u5c55\u4e2d\u56fd\u5bb6\u516c\u503a\u7684\u53e6\u4e00\u4e2a\u8d8b\u52bf\u662f\uff0c\u79c1\u8425\u503a\u6743\u4eba\uff08\u5982\u5546\u4e1a\u94f6\u884c\uff09\u7684\u6bd4\u4f8b\u6108\u6765\u6108\u9ad8\uff0c\u75312010\u5e74\u768447%\u589e\u52a0\u81f32021\u5e74\u768462%\u3002\u76f8\u53cd\uff0c\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\uff08\u5982\u4e16\u754c\u94f6\u884c\uff09\u6240\u5360\u7684\u6bd4\u4f8b\u5219\u51cf\u5c0f\u3002\u79c1\u8425\u503a\u6743\u4eba\u7684\u8d37\u6b3e\u4e3b\u8981\u4ece\u5546\u4e1a\u89d2\u5ea6\u51fa\u53d1\uff0c\u6761\u4ef6\u4e0d\u5982\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\u4ece\u4fc3\u8fdb\u7ecf\u6d4e\u53d1\u5c55\u7684\u89d2\u5ea6\u51fa\u53d1\u822c\u4f18\u60e0\u3002\u6b64\u5916\uff0c\u503a\u6743\u4eba\u7684\u591a\u6837\u6027\u4e5f\u589e\u52a0\u4e86\u6709\u9700\u8981\u65f6\u503a\u52a1\u91cd\u7ec4\u7684\u590d\u6742\u6027\uff0c\u56e0\u800c\u62d6\u957f\u4e86\u8c08\u5224\u7684\u65f6\u95f4\u548c\u589e\u52a0\u4e86\u6b20\u503a\u65b9\u7684\u6210\u672c\u3002\u7b80\u5355\u6765\u8bf4\uff0c\u82e5\u53ea\u6709\u4e00\u4e2a\u503a\u6743\u4eba\uff0c\u901a\u8fc7\u503a\u52a1\u91cd\u7ec4\u63d0\u9ad8\u6b20\u503a\u65b9\u507f\u8fd8\u503a\u52a1\u7684\u80fd\u529b\uff0c\u4f1a\u5168\u6570\u6709\u5229\u4e8e\u8be5\u503a\u6743\u4eba\u3002\u4f46\u82e5\u6709\u591a\u4e2a\u503a\u6743\u4eba\uff0c\u4ed6\u4eec\u90fd\u4e0d\u4f1a\u90a3\u4e48\u613f\u610f\u91cd\u7ec4\u503a\u52a1\uff0c\u56e0\u4e3a\u6b20\u503a\u65b9\u7684\u4ec5\u4f59\u8d44\u91d1\u4f1a\u5148\u8fd8\u7ed9\u90a3\u4e9b\u8ffd\u8ba8\u6700\u79ef\u6781\u7684\u503a\u6743\u4eba\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u79c1\u8425\u503a\u6743\u4eba\u7684\u591a\u6837\u5316\u5bfc\u81f4\u7684\u642d\u4fbf\u8f66\u95ee\u9898\uff0c\u59a8\u788d\u4e86\u503a\u52a1\u91cd\u7ec4\u7684\u8c08\u5224\u3002 \u53e6\u4e00\u4e2a\u95ee\u9898\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u501f\u8d37\u6210\u672c\u8fdc\u9ad8\u4e8e\u5df2\u5f00\u53d1\u56fd\u5bb6\u3002\u7531\u4e8e\u524d\u8005\u7684\u8fdd\u7ea6\u98ce\u9669\u8f83\u9ad8\uff0c\u878d\u8d44\u7684\u6210\u672c\u4e5f\u81ea\u7136\u76f8\u5e94\u4e0a\u5347\uff0c\u7279\u522b\u662f\u5728\u56fd\u9645\u91d1\u878d\u5e02\u573a\u7b79\u96c6\u7684\u8d44\u91d1\u3002\u82e5\u6bd4\u8f83\u4eca\u5e74\u4e0a\u534a\u5e74\u4e0d\u540c\u5730\u533a\u7684\u5341\u5e74\u671f\u653f\u5e9c\u503a\u5238\u6536\u76ca\u7387\uff0c\u975e\u6d32\u3001\u62c9\u4e01\u7f8e\u6d32\u548c\u4e9a\u6d32\u5206\u522b\u662f11.6%\u30017.7%\u548c6.5%\uff0c\u90fd\u5927\u5e45\u9ad8\u4e8e\u7f8e\u56fd\u76843.1%\u548c\u5fb7\u56fd\u76841.5%\u3002\u7136\u800c\uff0c\u8fd9\u4e9b\u6536\u76ca\u7387\u5dee\u522b\u90a3\u4e48\u5927\uff0c\u80fd\u5426\u5168\u7531\u8fdd\u7ea6\u98ce\u9669\u89e3\u91ca\uff0c\u503c\u5f97\u63a2\u8ba8\u3002 \u503a\u52a1\u6108\u591a\u548c\u5229\u7387\u6108\u9ad8\uff0c\u503a\u52a1\u7684\u5229\u606f\u8d1f\u62c5\u5c31\u6108\u91cd\u3002\u53bb\u5e74\u53d1\u5c55\u4e2d\u56fd\u5bb6\u652f\u4ed8\u7684\u5229\u606f\u5c31\u8fbe\u5230GDP\u76841.5%\u6216\u653f\u5e9c\u6536\u5165\u76846.9%\uff0c\u5360\u7528\u4e86\u76f8\u5f53\u7684\u8d22\u653f\u7a7a\u95f4\u3002\u57282010\u81f32021\u5e74\u671f\u95f4\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u5229\u606f\u589e\u5e45\u5c31\u9ad8\u4e8e\u533b\u7597\u6216\u6559\u80b2\u5f00\u652f\u7684\u589e\u5e45\u3002\u8fd9\u60c5\u51b5\u548c\u4e0a\u6587\u63d0\u5230\u7684\u7f8e\u56fd\u76f8\u4f3c\uff0c\u4f46\u53d1\u5c55\u4e2d\u56fd\u5bb6\u4e0d\u80fd\u4ee5\u81ea\u5df1\u7684\u8d27\u5e01\u8fd8\u503a\uff0c\u56e0\u800c\u503a\u52a1\u7684\u53ef\u6301\u7eed\u6027\u53d7\u5230\u76f8\u5f53\u7684\u7ea6\u675f\u3002 \u603b\u503a\u52a1\u5341\u5e74\u8fc5\u589e50% \u5168\u7403\u503a\u52a1\u4f5c\u4e3aGDP\u6bd4\u4f8b\u7684\u4e0a\u5347\uff0c\u9690\u542b\u7740\u4e00\u4e2a\u95ee\u9898\uff0c\u5c31\u662f\u503a\u52a1\u878d\u8d44\u5f97\u6765\u7684\u6b3e\u9879\uff0c\u53ef\u4ee5\u4fc3\u8fdb\u7684\u751f\u4ea7\u6108\u6765\u6108\u5c11\u3002\u6309\u4e16\u754c\u94f6\u884c\u7684\u6570\u636e\u8ba1\u7b97\uff0c1971\u81f32000\u5e74\u671f\u95f4\uff0c\u5168\u7403\u7684\u5e74\u5747\u5b9e\u8d28\u589e\u957f\u7387\u662f3.29%\uff0c\u800c2000\u81f32022\u5e74\u671f\u95f4\u5219\u4e3a2.85%\u3002\u540e22\u5e74\u6bd4\u524d29\u5e74\u516c\u503a\u7684\u53d1\u884c\u91cf\u660e\u663e\u66f4\u591a\u3001\u589e\u957f\u66f4\u5feb\uff0c\u540c\u65f6\u91d1\u878d\u5e02\u573a\u7406\u5e94\u66f4\u6709\u6548\u7387\uff0c\u4f46GDP\u7684\u589e\u957f\u7387\u5374\u6bd4\u8f83\u6162\u3002\u5927\u62b5\u653f\u5e9c\u501f\u6765\u7684\u8d44\u91d1\uff0c\u6bd4\u8f83\u591a\u7528\u5728\u6d88\u8d39\u6027\u800c\u975e\u6295\u8d44\u6027\u7684\u9879\u76ee\uff0c\u53c8\u6216\u7528\u6765\u507f\u8fd8\u65e7\u503a\u5229\u606f\u800c\u975e\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\u3002\u6b64\u5916\uff0c\u57282008\u5e74\u91d1\u878d\u6d77\u5578\u540e\uff0c\u7f8e\u3001\u82f1\u3001\u6b27\u3001\u65e5\u51e0\u5bb6\u4e3b\u8981\u592e\u884c\u7684\u91cf\u5316\u5bbd\u677e\u653f\u7b56\u5e26\u6765\u5341\u591a\u5e74\u7684\u6781\u4f4e\u5229\u7387\u73af\u5883\u3002\u8d44\u91d1\u6210\u672c\u8fd9\u4e48\u4fbf\u5b9c\uff0c\u6bcb\u987b\u5c06\u8d44\u91d1\u6295\u653e\u5230\u7279\u522b\u9ad8\u56de\u62a5\u7684\u9879\u76ee\u4e0a\u4e5f\u6709\u6240\u5f97\uff0c\u6548\u7387\u4e5f\u81ea\u7136\u4e0b\u8dcc\u3002 \u4e0a\u6587\u8ba8\u8bba\u7684\u503a\u52a1\u3001\u5305\u62ec\u603b\u657092\u4e07\u4ebf\u7f8e\u5143\u7684\u90fd\u662f\u653f\u5e9c\u53d1\u884c\u7684\u516c\u503a\u3002\u6309\u56fd\u9645\u91d1\u878d\u534f\u4f1a\uff08Institute of International Finance\uff09\u7684\u62a5\u544a\u3010\u6ce82\u3011\uff0c\u82e5\u5305\u62ec\u4f01\u4e1a\u548c\u4e2a\u4eba\u503a\u52a1\uff0c\u5168\u7403\u603b\u503a\u52a1\u5728\u4eca\u5e74\u4e2d\u8fbe\u5230\u5386\u53f2\u9ad8\u5cf0\u7684307\u4e07\u4ebf\u7f8e\u5143\uff0c\u6bd4\u5341\u5e74\u524d\u8fc5\u901f\u589e\u52a0\u4e86100\u4e07\u4ebf\u7f8e\u5143\u621650%\uff0c\u589e\u5e45\u60ca\u4eba\u3002\u5728\u76ee\u524d\u6709\u591a\u65b9\u9762\u4e0d\u660e\u6717\u7684\u56fd\u9645\u653f\u7ecf\u73af\u5883\u4e2d\uff0c\u8fd9\u4e48\u591a\u548c\u4ecd\u5728\u5feb\u901f\u589e\u957f\u7684\u516c\u503a\u548c\u79c1\u503a\uff0c\u662f\u672a\u6765\u7ecf\u6d4e\u8d70\u52bf\u7684\u4e00\u5927\u5173\u6ce8\u70b9\u3002 \u3010\u6ce81\u3011 https:\/\/unctad .org\/publication\/world-of-debt \u3010\u6ce82\u3011 https:\/\/markets.businessinsider.com\/news\/currencies\/global-debt-record-trillion-developed-economies-gdp-us-banks-iif -2023-9 \u9646\u708e\u8f89\u535a\u58eb \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u8363\u8a89\u526f\u6559\u6388 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u5341\u4e00\u6708\u4e00\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/research\\\/thought-leadership\\\/opinions-and-speeches\\\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/thought-leadership\\\/opinions-and-speeches-sc\\\/#listItem\",\"name\":\"\\u5a92\\u4f53\\u62a5\\u5bfc\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/thought-leadership\\\/opinions-and-speeches-sc\\\/#listItem\",\"position\":2,\"name\":\"\\u5a92\\u4f53\\u62a5\\u5bfc\",\"item\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/thought-leadership\\\/opinions-and-speeches-sc\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/research\\\/thought-leadership\\\/opinions-and-speeches\\\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\\\/#listItem\",\"name\":\"\\u503a\\u52a1\\u91cd\\u91cd\\u7684\\u5168\\u7403\\u7ecf\\u6d4e\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/research\\\/thought-leadership\\\/opinions-and-speeches\\\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\\\/#listItem\",\"position\":3,\"name\":\"\\u503a\\u52a1\\u91cd\\u91cd\\u7684\\u5168\\u7403\\u7ecf\\u6d4e\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/thought-leadership\\\/opinions-and-speeches-sc\\\/#listItem\",\"name\":\"\\u5a92\\u4f53\\u62a5\\u5bfc\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/#organization\",\"name\":\"HKU Business School\",\"url\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/research\\\/thought-leadership\\\/opinions-and-speeches\\\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\\\/#webpage\",\"url\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/research\\\/thought-leadership\\\/opinions-and-speeches\\\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\\\/\",\"name\":\"\\u503a\\u52a1\\u91cd\\u91cd\\u7684\\u5168\\u7403\\u7ecf\\u6d4e - HKU Business School\",\"description\":\"\\u4e00\\u661f\\u671f\\u524d\\uff0c\\u4eba\\u5927\\u5e38\\u59d4\\u4f1a\\u6279\\u51c6\\u4e86\\u56fd\\u52a1\\u9662\\u589e\\u53d1\\u4e00\\u4e07\\u4ebf\\u5143\\u4eba\\u6c11\\u5e01\\u7684\\u7279\\u522b\\u56fd\\u503a\\uff0c\\u6240\\u5f97\\u6b3e\\u9879\\u4e8e\\u4eca\\u5e74\\u53ca\\u660e\\u5e74\\u5168\\u90e8\\u8f6c\\u79fb\\u7ed9\\u5730\\u65b9\\u653f\\u5e9c\\uff0c\\u4f5c\\u4e3a\\u5404\\u5730\\u5728\\u81ea\\u7136\\u707e\\u5bb3\\u540e\\u7684\\u91cd\\u5efa\\u53ca\\u9632\\u707e\\u5de5\\u7a0b\\u4e4b\\u7528\\u3002\\u6709\\u5173\\u63aa\\u65bd\\u867d\\u7136\\u9488\\u5bf9\\u81ea\\u7136\\u707e\\u5bb3\\uff0c\\u4e5f\\u4f1a\\u5728\\u5f53\\u524d\\u7ecf\\u6d4e\\u590d\\u82cf\\u65f6\\u8d77\\u5230\\u63a8\\u8fdb\\u4f5c\\u7528\\uff0c\\u4f53\\u73b0\\u51fa\\u8f83\\u4e3a\\u79ef\\u6781\\u7684\\u8d22\\u653f\\u653f\\u7b56\\uff0c\\u540c\\u65f6\\u4e5f\\u53cd\\u6620\\u51fa\\u5730\\u65b9\\u653f\\u5e9c\\u7684\\u6349\\u895f\\u89c1\\u8098\\uff0c\\u9700\\u8981\\u4e2d\\u592e\\u653f\\u5e9c\\u7684\\u5e2e\\u52a9\\u3002\\u867d\\u7136\\u4e00\\u4e07\\u4ebf\\u5143\\u662f\\u4e2a\\u5e9e\\u5927\\u6570\\u76ee\\uff0c\\u4f46\\u4e2d\\u56fd\\u7684\\u56fd\\u503a\\u89c4\\u6a21\\u4e0d\\u5927\\uff0c\\u7ea6\\u4e3aGDP\\u768420%\\uff0c\\u5e94\\u4e0d\\u4f1a\\u9020\\u6210\\u5f88\\u5927\\u7684\\u8d1f\\u62c5\\u3002\\u81f3\\u4e8e\\u4eba\\u6c11\\u94f6\\u884c\\u4f1a\\u5426\\u653e\\u5bbd\\u6d41\\u52a8\\u6027\\u5e2e\\u5fd9\\u878d\\u8d44\\uff0c\\u987b\\u5f85\\u89c2\\u5bdf\\uff0c\\u6bd5\\u7adf\\u4e5f\\u8981\\u8003\\u8651\\u4eba\\u6c11\\u5e01\\u6c47\\u7387\\u7684\\u5f31\\u52bf\\u3002 \\u653f\\u5e9c\\u4ee5\\u53d1\\u503a\\u878d\\u8d44\\u6765\\u5e26\\u52a8\\u7ecf\\u6d4e\\u6d3b\\u52a8\\uff0c\\u662f\\u53f8\\u7a7a\\u89c1\\u60ef\\u7684\\u4f8b\\u884c\\u516c\\u4e8b\\u3002\\u4f46\\u503a\\u52a1\\u662f\\u628a\\u53cc\\u5203\\u5251\\uff0c\\u9002\\u5f53\\u7684\\u53d1\\u503a\\u89c4\\u6a21\\u548c\\u6240\\u5f97\\u8d44\\u91d1\\u7684\\u6709\\u6548\\u8fd0\\u7528\\uff0c\\u53ef\\u4ee5\\u5e26\\u6765\\u66f4\\u591a\\u66f4\\u65e9\\u7684\\u751f\\u4ea7\\u548c\\u6d88\\u8d39\\uff0c\\u800c\\u9519\\u8bef\\u7684\\u8d44\\u91d1\\u6295\\u653e\\uff0c\\u7279\\u522b\\u5728\\u8fc7\\u5ea6\\u53d1\\u503a\\u7684\\u60c5\\u51b5\\u4e0b\\uff0c\\u4e0d\\u5355\\u6d6a\\u8d39\\u8d44\\u6e90\\uff0c\\u4ea6\\u4f1a\\u6210\\u4e3a\\u5c06\\u6765\\u7684\\u8d1f\\u7d2f\\u3002\\u73af\\u987e\\u5168\\u7403\\u7ecf\\u6d4e\\uff0c\\u65e0\\u8bba\\u662f\\u503a\\u52a1\\u603b\\u989d\\u6216\\u4f5c\\u4e3aGDP\\u7684\\u6bd4\\u4f8b\\uff0c\\u5728\\u8fc7\\u53bb\\u5341\\u591a\\u4e8c\\u5341\\u5e74\\u90fd\\u6709\\u8fc5\\u901f\\u4e0a\\u5347\\u7684\\u8d8b\\u52bf\\uff0c\\u5728\\u5168\\u7403\\u7ecf\\u6d4e\\u53d1\\u5c55\\u7684\\u524d\\u666f\\u4e2d\\u6295\\u4e0b\\u4e00\\u4e2a\\u9634\\u5f71\\u3002 \\u7f8e\\u987b\\u53d1\\u66f4\\u591a\\u65b0\\u503a\\u8fd8\\u606f \\u6839\\u636e\\u8054\\u5408\\u56fd\\u7684\\u8d44\\u6599\\u3010\\u6ce81\\u3011\\uff0c\\u5168\\u7403\\u5404\\u653f\\u5e9c\\u53d1\\u884c\\u7684\\u3001\\u5305\\u62ec\\u5bf9\\u5185\\u548c\\u5bf9\\u5916\\u7684\\u516c\\u503a\\uff0c\\u57282022\\u5e74\\u8fbe\\u523092\\u4e07\\u4ebf\\u7f8e\\u5143\\uff0c\\u662f2000\\u5e7417\\u4e07\\u4ebf\\u7f8e\\u5143\\u76845\\u500d\\u591a\\uff0c\\u800c2022\\u5e74\\u7684\\u5168\\u7403GDP\\u53ea\\u662f2000\\u5e74\\u76843\\u500d\\uff0c\\u5373\\u516c\\u503a\\u5bf9GDP\\u7684\\u6bd4\\u4f8b\\u4e0a\\u5347\\u4e86\\u4e09\\u5206\\u4e4b\\u4e8c\\u3002 92\\u4e07\\u4ebf\\u7f8e\\u5143\\u516c\\u503a\\u4e2d\\uff0c\\u7531\\u5df2\\u5f00\\u53d1\\u56fd\\u5bb6\\u548c\\u53d1\\u5c55\\u4e2d\\u56fd\\u5bb6\\u53d1\\u884c\\u7684\\u6bd4\\u4f8b\\u5206\\u522b\\u4e3a70%\\u548c30%\\u3002\\u4f17\\u6240\\u5468\\u77e5\\uff0c\\u7f8e\\u56fd\\u53d1\\u884c\\u7684\\u516c\\u503a\\u6700\\u591a\\uff0c\\u5360\\u5168\\u7403\\u516c\\u503a\\u768434%\\uff0c\\u5bf9\\u5168\\u7403\\u7684\\u5f71\\u54cd\\u4ea6\\u6700\\u4e3a\\u76f4\\u63a5\\u548c\\u6df1\\u8fdc\\u3002 \\u51ed\\u7740\\u7f8e\\u5143\\u7684\\u56fd\\u9645\\u5730\\u4f4d\\uff0c\\u7f8e\\u56fd\\u653f\\u5e9c\\u53ef\\u4ee5\\u6063\\u610f\\u5730\\u6b20\\u503a\\u7d2f\\u7d2f\\uff0c\\u5230\\u4eca\\u5e74\\u4e2d\\u5df2\\u8d85\\u8fc732\\u4e07\\u4ebf\\u7f8e\\u5143\\uff0c\\u4e3aGDP\\u7684120%\\u3002\\u6839\\u636e\\u7f8e\\u56fd\\u56fd\\u4f1a\\u9884\\u7b97\\u529e\\u516c\\u5ba4\\uff08U.S. Congressional Budget Office\\uff09\\u4eca\\u5e746\\u6708\\u53d1\\u8868\\u7684\\u62a5\\u544a\\uff0c\\u8054\\u90a6\\u653f\\u5e9c\\u7684\\u8d22\\u653f\\u8d64\\u5b57\\u4f1a\\u75312023\\u5e74\\u5360GDP\\u76845.8%\\u6301\\u7eed\\u589e\\u52a0\\u81f32053\\u5e74\\u5360GDP\\u768410%\\uff0c\\u589e\\u52a04.2\\u4e2a\\u767e\\u5206\\u70b9\\u3002\\u6709\\u8da3\\u7684\\u662f\\uff0c\\u589e\\u52a0\\u7684\\u767e\\u5206\\u70b9\\u5dee\\u4e0d\\u591a\\u5168\\u90e8\\u6765\\u81ea\\u5229\\u606f\\u652f\\u51fa\\u3002\\u7f8e\\u56fd\\u8054\\u90a6\\u653f\\u5e9c\\u4eca\\u5e74\\u652f\\u4ed8\\u7684\\u5229\\u606f\\u662fGDP\\u76842.5%\\uff0c\\u4f30\\u8ba1\\u52302053\\u5e74\\u662f\\u5f53\\u65f6GDP\\u76846.7%\\uff0c\\u4e5f\\u662f\\u589e\\u52a04.2\\u4e2a\\u767e\\u5206\\u70b9\\u3002\\u6362\\u53e5\\u8bdd\\u8bf4\\uff0c \\u7f8e\\u56fd\\u653f\\u5e9c\\u8981\\u53d1\\u6108\\u6765\\u6108\\u591a\\u7684\\u65b0\\u503a\\u6765\\u5e94\\u4ed8\\u6108\\u6765\\u6108\\u591a\\u7684\\u5229\\u606f\\u652f\\u51fa\\u3002\\u56fd\\u503a\\u6392\\u6324\\u4e86\\u79c1\\u8425\\u90e8\\u95e8\\u7684\\u6d3b\\u52a8\\uff0c\\u4f46\\u5374\\u5e76\\u975e\\u7528\\u5728\\u6709\\u5efa\\u8bbe\\u6027\\u7684\\u9879\\u76ee\\u4e0a\\uff0c\\u5bf9\\u7ecf\\u6d4e\\u81ea\\u7136\\u662f\\u5f0a\\u591a\\u5229\\u5c11\\u3002\\u540c\\u65f6\\uff0c\\u7f8e\\u56fd\\u653f\\u5e9c\\u7684\\u53d1\\u503a\\u4f1a\\u5e26\\u52a8\\u5168\\u7403\\u5229\\u7387\\u4e0a\\u5347\\uff0c\\u5bfc\\u81f4\\u5176\\u4ed6\\u5730\\u533a\\u7684\\u7ecf\\u6d4e\\u53ca\\u503a\\u52a1\\u56f0\\u96be\\u3002 \\u9664\\u4e86\\u7f8e\\u56fd\\u5916\\uff0c\\u597d\\u4e9b\\u5df2\\u5f00\\u53d1\\u56fd\\u5bb6\\u7684\\u516c\\u503a\\u5360GDP\\u6bd4\\u4f8b\\u4e5f\\u5f88\\u9ad8\\u3002\\u6700\\u660e\\u663e\\u7684\\u662f\\u65e5\\u672c\\uff0c\\u7ea6\\u4e3a260%\\uff0c\\u4f46\\u65e5\\u672c\\u7684\\u50a8\\u84c4\\u7387\\u8fdc\\u9ad8\\u4e8e\\u7f8e\\u56fd\\uff0c\\u800c\\u65e5\\u672c\\u7684\\u91d1\\u878d\\u5e02\\u573a\\u76f8\\u5f53\\u5185\\u5411\\uff0c\\u5bf9\\u5168\\u7403\\u7ecf\\u6d4e\\u7684\\u5f71\\u54cd\\u5e94\\u4e0d\\u4f1a\\u5f88\\u5927\\u3002\\u6b64\\u5916\\uff0c\\u6b27\\u6d32\\u7684\\u5e0c\\u814a\\u3001\\u610f\\u5927\\u5229\\u3001\\u6cd5\\u56fd\\u548c\\u82f1\\u56fd\\u90fd\\u6709\\u76f8\\u5f53\\u89c4\\u6a21\\u7684\\u516c\\u503a\\u3002\\u5728\\u76ee\\u524d\\u4fc4\\u4e4c\\u6218\\u4e89\\u548c\\u4e2d\\u4e1c\\u5371\\u673a\\u7684\\u5f71\\u54cd\\u4e0b\\uff0c\\u6b27\\u6d32\\u7ecf\\u6d4e\\u9762\\u5bf9\\u591a\\u65b9\\u9762\\u7684\\u56f0\\u96be\\uff0c\\u8fc7\\u91cd\\u7684\\u503a\\u52a1\\u81ea\\u7136\\u662f\\u4e2a\\u60f3\\u6254\\u6389\\u7684\\u5305\\u88b1\\u3002 \\u548c\\u5df2\\u5f00\\u53d1\\u56fd\\u5bb6\\u6bd4\\u8f83\\uff0c\\u53d1\\u5c55\\u4e2d\\u56fd\\u5bb6\\u7684\\u503a\\u52a1\\u6f14\\u53d8\\u76f8\\u5bf9\\u6765\\u8bf4\\u66f4\\u503c\\u5f97\\u5173\\u6ce8\\u3002\\u53d1\\u5c55\\u4e2d\\u56fd\\u5bb6\\u7684\\u503a\\u52a1\\u589e\\u52a0\\uff0c\\u4e0d\\u96be\\u7406\\u89e3\\u3002\\u5979\\u4eec\\u7684\\u653f\\u5e9c\\u57fa\\u4e8e\\u4f4e\\u751f\\u4ea7\\u6c34\\u5e73\\u7684\\u7a0e\\u52a1\\u6536\\u5165\\uff0c\\u81ea\\u7136\\u4e0d\\u8db3\\u4ee5\\u5e94\\u4ed8\\u5373\\u4f7f\\u6700\\u57fa\\u672c\\u7684\\u6c11\\u751f\\u53ca\\u5efa\\u8bbe\\u5f00\\u652f\\uff0c\\u66f4\\u9051\\u8bba\\u5e94\\u4ed8\\u65b0\\u51a0\\u75ab\\u60c5\\u548c\\u6c14\\u5019\\u53d8\\u5316\\u7684\\u8d39\\u7528\\u3002\\u57282011\\u5e74\\uff0c\\u516c\\u503a\\u9ad8\\u4e8eGDP 60%\\u7684\\u53d1\\u5c55\\u4e2d\\u56fd\\u5bb6\\u53ea\\u670922\\u4e2a\\uff0c\\u52302022\\u5e74\\u5df2\\u8fc5\\u901f\\u589e\\u52a0\\u81f359\\u4e2a\\u3002\\u6b64\\u5916\\uff0c\\u5f53\\u524d\\u7684\\u56fd\\u9645\\u91d1\\u878d\\u67b6\\u6784\\u4ea6\\u9020\\u6210\\u53d1\\u5c55\\u4e2d\\u56fd\\u5bb6\\u7684\\u503a\\u52a1\\u56f0\\u96be\\u3002 \\u9996\\u5148\\u662f\\u53d1\\u5c55\\u4e2d\\u56fd\\u5bb6\\u3001\\u7279\\u522b\\u662f\\u4f4e\\u6536\\u5165\\u56fd\\u5bb6\\u5e76\\u4e0d\\u5bcc\\u88d5\\uff0c\\u56fd\\u5185\\u6ca1\\u6709\\u8db3\\u591f\\u7684\\u8d44\\u91d1\\uff0c\\u81ea\\u7136\\u8981\\u5411\\u56fd\\u5916\\u4e3e\\u503a\\u3002\\u4f46\\u5728\\u56fd\\u9645\\u5e02\\u573a\\u4e0a\\u4e3e\\u503a\\uff0c\\u503a\\u52a1\\u81ea\\u7136\\u4ee5\\u7f8e\\u5143\\u6216\\u6b27\\u7f57\\u7b49\\u786c\\u901a\\u8d27\\u8ba1\\u7b97\\uff0c\\u4ea6\\u9700\\u8981\\u4ee5\\u540c\\u6837\\u7684\\u8d27\\u5e01\\u507f\\u8fd8\\uff0c\\u800c\\u51fa\\u53e3\\u662f\\u8d5a\\u53d6\\u786c\\u901a\\u8d27\\u7684\\u4e3b\\u8981\\u6765\\u6e90\\u3002\\u4ece2010\\u81f32021\\u5e74\\uff0c\\u53d1\\u5c55\\u4e2d\\u56fd\\u5bb6\\u653f\\u5e9c\\u5411\\u5916\\u56fd\\u501f\\u6b3e\\u989d\\u7531\\u5979\\u4eec\\u56fd\\u5bb6GDP\\u768419%\\u589e\\u52a0\\u81f329%\\uff0c\\u800c\\u51fa\\u53e3\\u6240\\u5f97\\u7684\\u5916\\u6c47\\u7528\\u4e8e\\u507f\\u8fd8\\u5916\\u503a\\u7684\\u6bd4\\u4f8b\\u4ea6\\u75313.9%\\u589e\\u52a0\\u81f37.4%\\u3002\\u82e5\\u503a\\u52a1\\u671f\\u95f4\\u56fd\\u5185\\u8d27\\u5e01\\u5151\\u4e3b\\u8981\\u8d27\\u5e01\\u8d2c\\u503c\\uff0c\\u8fd8\\u6b3e\\u7684\\u8d1f\\u62c5\\u4ea6\\u968f\\u5373\\u4e0a\\u5347\\u3002 \\u53d1\\u5c55\\u4e2d\\u56fd\\u5bb6\\u516c\\u503a\\u7684\\u53e6\\u4e00\\u4e2a\\u8d8b\\u52bf\\u662f\\uff0c\\u79c1\\u8425\\u503a\\u6743\\u4eba\\uff08\\u5982\\u5546\\u4e1a\\u94f6\\u884c\\uff09\\u7684\\u6bd4\\u4f8b\\u6108\\u6765\\u6108\\u9ad8\\uff0c\\u75312010\\u5e74\\u768447%\\u589e\\u52a0\\u81f32021\\u5e74\\u768462%\\u3002\\u76f8\\u53cd\\uff0c\\u591a\\u8fb9\\u5f00\\u53d1\\u94f6\\u884c\\uff08\\u5982\\u4e16\\u754c\\u94f6\\u884c\\uff09\\u6240\\u5360\\u7684\\u6bd4\\u4f8b\\u5219\\u51cf\\u5c0f\\u3002\\u79c1\\u8425\\u503a\\u6743\\u4eba\\u7684\\u8d37\\u6b3e\\u4e3b\\u8981\\u4ece\\u5546\\u4e1a\\u89d2\\u5ea6\\u51fa\\u53d1\\uff0c\\u6761\\u4ef6\\u4e0d\\u5982\\u591a\\u8fb9\\u5f00\\u53d1\\u94f6\\u884c\\u4ece\\u4fc3\\u8fdb\\u7ecf\\u6d4e\\u53d1\\u5c55\\u7684\\u89d2\\u5ea6\\u51fa\\u53d1\\u822c\\u4f18\\u60e0\\u3002\\u6b64\\u5916\\uff0c\\u503a\\u6743\\u4eba\\u7684\\u591a\\u6837\\u6027\\u4e5f\\u589e\\u52a0\\u4e86\\u6709\\u9700\\u8981\\u65f6\\u503a\\u52a1\\u91cd\\u7ec4\\u7684\\u590d\\u6742\\u6027\\uff0c\\u56e0\\u800c\\u62d6\\u957f\\u4e86\\u8c08\\u5224\\u7684\\u65f6\\u95f4\\u548c\\u589e\\u52a0\\u4e86\\u6b20\\u503a\\u65b9\\u7684\\u6210\\u672c\\u3002\\u7b80\\u5355\\u6765\\u8bf4\\uff0c\\u82e5\\u53ea\\u6709\\u4e00\\u4e2a\\u503a\\u6743\\u4eba\\uff0c\\u901a\\u8fc7\\u503a\\u52a1\\u91cd\\u7ec4\\u63d0\\u9ad8\\u6b20\\u503a\\u65b9\\u507f\\u8fd8\\u503a\\u52a1\\u7684\\u80fd\\u529b\\uff0c\\u4f1a\\u5168\\u6570\\u6709\\u5229\\u4e8e\\u8be5\\u503a\\u6743\\u4eba\\u3002\\u4f46\\u82e5\\u6709\\u591a\\u4e2a\\u503a\\u6743\\u4eba\\uff0c\\u4ed6\\u4eec\\u90fd\\u4e0d\\u4f1a\\u90a3\\u4e48\\u613f\\u610f\\u91cd\\u7ec4\\u503a\\u52a1\\uff0c\\u56e0\\u4e3a\\u6b20\\u503a\\u65b9\\u7684\\u4ec5\\u4f59\\u8d44\\u91d1\\u4f1a\\u5148\\u8fd8\\u7ed9\\u90a3\\u4e9b\\u8ffd\\u8ba8\\u6700\\u79ef\\u6781\\u7684\\u503a\\u6743\\u4eba\\u3002\\u6362\\u53e5\\u8bdd\\u8bf4\\uff0c\\u79c1\\u8425\\u503a\\u6743\\u4eba\\u7684\\u591a\\u6837\\u5316\\u5bfc\\u81f4\\u7684\\u642d\\u4fbf\\u8f66\\u95ee\\u9898\\uff0c\\u59a8\\u788d\\u4e86\\u503a\\u52a1\\u91cd\\u7ec4\\u7684\\u8c08\\u5224\\u3002 \\u53e6\\u4e00\\u4e2a\\u95ee\\u9898\\u662f\\u53d1\\u5c55\\u4e2d\\u56fd\\u5bb6\\u7684\\u501f\\u8d37\\u6210\\u672c\\u8fdc\\u9ad8\\u4e8e\\u5df2\\u5f00\\u53d1\\u56fd\\u5bb6\\u3002\\u7531\\u4e8e\\u524d\\u8005\\u7684\\u8fdd\\u7ea6\\u98ce\\u9669\\u8f83\\u9ad8\\uff0c\\u878d\\u8d44\\u7684\\u6210\\u672c\\u4e5f\\u81ea\\u7136\\u76f8\\u5e94\\u4e0a\\u5347\\uff0c\\u7279\\u522b\\u662f\\u5728\\u56fd\\u9645\\u91d1\\u878d\\u5e02\\u573a\\u7b79\\u96c6\\u7684\\u8d44\\u91d1\\u3002\\u82e5\\u6bd4\\u8f83\\u4eca\\u5e74\\u4e0a\\u534a\\u5e74\\u4e0d\\u540c\\u5730\\u533a\\u7684\\u5341\\u5e74\\u671f\\u653f\\u5e9c\\u503a\\u5238\\u6536\\u76ca\\u7387\\uff0c\\u975e\\u6d32\\u3001\\u62c9\\u4e01\\u7f8e\\u6d32\\u548c\\u4e9a\\u6d32\\u5206\\u522b\\u662f11.6%\\u30017.7%\\u548c6.5%\\uff0c\\u90fd\\u5927\\u5e45\\u9ad8\\u4e8e\\u7f8e\\u56fd\\u76843.1%\\u548c\\u5fb7\\u56fd\\u76841.5%\\u3002\\u7136\\u800c\\uff0c\\u8fd9\\u4e9b\\u6536\\u76ca\\u7387\\u5dee\\u522b\\u90a3\\u4e48\\u5927\\uff0c\\u80fd\\u5426\\u5168\\u7531\\u8fdd\\u7ea6\\u98ce\\u9669\\u89e3\\u91ca\\uff0c\\u503c\\u5f97\\u63a2\\u8ba8\\u3002 \\u503a\\u52a1\\u6108\\u591a\\u548c\\u5229\\u7387\\u6108\\u9ad8\\uff0c\\u503a\\u52a1\\u7684\\u5229\\u606f\\u8d1f\\u62c5\\u5c31\\u6108\\u91cd\\u3002\\u53bb\\u5e74\\u53d1\\u5c55\\u4e2d\\u56fd\\u5bb6\\u652f\\u4ed8\\u7684\\u5229\\u606f\\u5c31\\u8fbe\\u5230GDP\\u76841.5%\\u6216\\u653f\\u5e9c\\u6536\\u5165\\u76846.9%\\uff0c\\u5360\\u7528\\u4e86\\u76f8\\u5f53\\u7684\\u8d22\\u653f\\u7a7a\\u95f4\\u3002\\u57282010\\u81f32021\\u5e74\\u671f\\u95f4\\uff0c\\u53d1\\u5c55\\u4e2d\\u56fd\\u5bb6\\u7684\\u5229\\u606f\\u589e\\u5e45\\u5c31\\u9ad8\\u4e8e\\u533b\\u7597\\u6216\\u6559\\u80b2\\u5f00\\u652f\\u7684\\u589e\\u5e45\\u3002\\u8fd9\\u60c5\\u51b5\\u548c\\u4e0a\\u6587\\u63d0\\u5230\\u7684\\u7f8e\\u56fd\\u76f8\\u4f3c\\uff0c\\u4f46\\u53d1\\u5c55\\u4e2d\\u56fd\\u5bb6\\u4e0d\\u80fd\\u4ee5\\u81ea\\u5df1\\u7684\\u8d27\\u5e01\\u8fd8\\u503a\\uff0c\\u56e0\\u800c\\u503a\\u52a1\\u7684\\u53ef\\u6301\\u7eed\\u6027\\u53d7\\u5230\\u76f8\\u5f53\\u7684\\u7ea6\\u675f\\u3002 \\u603b\\u503a\\u52a1\\u5341\\u5e74\\u8fc5\\u589e50% \\u5168\\u7403\\u503a\\u52a1\\u4f5c\\u4e3aGDP\\u6bd4\\u4f8b\\u7684\\u4e0a\\u5347\\uff0c\\u9690\\u542b\\u7740\\u4e00\\u4e2a\\u95ee\\u9898\\uff0c\\u5c31\\u662f\\u503a\\u52a1\\u878d\\u8d44\\u5f97\\u6765\\u7684\\u6b3e\\u9879\\uff0c\\u53ef\\u4ee5\\u4fc3\\u8fdb\\u7684\\u751f\\u4ea7\\u6108\\u6765\\u6108\\u5c11\\u3002\\u6309\\u4e16\\u754c\\u94f6\\u884c\\u7684\\u6570\\u636e\\u8ba1\\u7b97\\uff0c1971\\u81f32000\\u5e74\\u671f\\u95f4\\uff0c\\u5168\\u7403\\u7684\\u5e74\\u5747\\u5b9e\\u8d28\\u589e\\u957f\\u7387\\u662f3.29%\\uff0c\\u800c2000\\u81f32022\\u5e74\\u671f\\u95f4\\u5219\\u4e3a2.85%\\u3002\\u540e22\\u5e74\\u6bd4\\u524d29\\u5e74\\u516c\\u503a\\u7684\\u53d1\\u884c\\u91cf\\u660e\\u663e\\u66f4\\u591a\\u3001\\u589e\\u957f\\u66f4\\u5feb\\uff0c\\u540c\\u65f6\\u91d1\\u878d\\u5e02\\u573a\\u7406\\u5e94\\u66f4\\u6709\\u6548\\u7387\\uff0c\\u4f46GDP\\u7684\\u589e\\u957f\\u7387\\u5374\\u6bd4\\u8f83\\u6162\\u3002\\u5927\\u62b5\\u653f\\u5e9c\\u501f\\u6765\\u7684\\u8d44\\u91d1\\uff0c\\u6bd4\\u8f83\\u591a\\u7528\\u5728\\u6d88\\u8d39\\u6027\\u800c\\u975e\\u6295\\u8d44\\u6027\\u7684\\u9879\\u76ee\\uff0c\\u53c8\\u6216\\u7528\\u6765\\u507f\\u8fd8\\u65e7\\u503a\\u5229\\u606f\\u800c\\u975e\\u5e26\\u52a8\\u7ecf\\u6d4e\\u6d3b\\u52a8\\u3002\\u6b64\\u5916\\uff0c\\u57282008\\u5e74\\u91d1\\u878d\\u6d77\\u5578\\u540e\\uff0c\\u7f8e\\u3001\\u82f1\\u3001\\u6b27\\u3001\\u65e5\\u51e0\\u5bb6\\u4e3b\\u8981\\u592e\\u884c\\u7684\\u91cf\\u5316\\u5bbd\\u677e\\u653f\\u7b56\\u5e26\\u6765\\u5341\\u591a\\u5e74\\u7684\\u6781\\u4f4e\\u5229\\u7387\\u73af\\u5883\\u3002\\u8d44\\u91d1\\u6210\\u672c\\u8fd9\\u4e48\\u4fbf\\u5b9c\\uff0c\\u6bcb\\u987b\\u5c06\\u8d44\\u91d1\\u6295\\u653e\\u5230\\u7279\\u522b\\u9ad8\\u56de\\u62a5\\u7684\\u9879\\u76ee\\u4e0a\\u4e5f\\u6709\\u6240\\u5f97\\uff0c\\u6548\\u7387\\u4e5f\\u81ea\\u7136\\u4e0b\\u8dcc\\u3002 \\u4e0a\\u6587\\u8ba8\\u8bba\\u7684\\u503a\\u52a1\\u3001\\u5305\\u62ec\\u603b\\u657092\\u4e07\\u4ebf\\u7f8e\\u5143\\u7684\\u90fd\\u662f\\u653f\\u5e9c\\u53d1\\u884c\\u7684\\u516c\\u503a\\u3002\\u6309\\u56fd\\u9645\\u91d1\\u878d\\u534f\\u4f1a\\uff08Institute of International Finance\\uff09\\u7684\\u62a5\\u544a\\u3010\\u6ce82\\u3011\\uff0c\\u82e5\\u5305\\u62ec\\u4f01\\u4e1a\\u548c\\u4e2a\\u4eba\\u503a\\u52a1\\uff0c\\u5168\\u7403\\u603b\\u503a\\u52a1\\u5728\\u4eca\\u5e74\\u4e2d\\u8fbe\\u5230\\u5386\\u53f2\\u9ad8\\u5cf0\\u7684307\\u4e07\\u4ebf\\u7f8e\\u5143\\uff0c\\u6bd4\\u5341\\u5e74\\u524d\\u8fc5\\u901f\\u589e\\u52a0\\u4e86100\\u4e07\\u4ebf\\u7f8e\\u5143\\u621650%\\uff0c\\u589e\\u5e45\\u60ca\\u4eba\\u3002\\u5728\\u76ee\\u524d\\u6709\\u591a\\u65b9\\u9762\\u4e0d\\u660e\\u6717\\u7684\\u56fd\\u9645\\u653f\\u7ecf\\u73af\\u5883\\u4e2d\\uff0c\\u8fd9\\u4e48\\u591a\\u548c\\u4ecd\\u5728\\u5feb\\u901f\\u589e\\u957f\\u7684\\u516c\\u503a\\u548c\\u79c1\\u503a\\uff0c\\u662f\\u672a\\u6765\\u7ecf\\u6d4e\\u8d70\\u52bf\\u7684\\u4e00\\u5927\\u5173\\u6ce8\\u70b9\\u3002 \\u3010\\u6ce81\\u3011 https:\\\/\\\/unctad .org\\\/publication\\\/world-of-debt \\u3010\\u6ce82\\u3011 https:\\\/\\\/markets.businessinsider.com\\\/news\\\/currencies\\\/global-debt-record-trillion-developed-economies-gdp-us-banks-iif -2023-9 \\u9646\\u708e\\u8f89\\u535a\\u58eb \\u6e2f\\u5927\\u7ecf\\u7ba1\\u5b66\\u9662\\u8363\\u8a89\\u526f\\u6559\\u6388 \\uff08\\u672c\\u6587\\u540c\\u65f6\\u4e8e\\u4e8c\\u96f6\\u4e8c\\u4e09\\u5e74\\u5341\\u4e00\\u6708\\u4e00\\u65e5\\u8f7d\\u4e8e\\u300a\\u4fe1\\u62a5\\u300b\\u300c\\u9f99\\u864e\\u5c71\\u4e0b\\u300d\\u4e13\\u680f\\uff09\",\"inLanguage\":\"zh-CN\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/research\\\/thought-leadership\\\/opinions-and-speeches\\\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\\\/#breadcrumblist\"},\"datePublished\":\"2023-11-03T09:56:33+08:00\",\"dateModified\":\"2023-11-03T16:24:03+08:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/#website\",\"url\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/\",\"name\":\"HKU Business School\",\"inLanguage\":\"zh-CN\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"\u503a\u52a1\u91cd\u91cd\u7684\u5168\u7403\u7ecf\u6d4e - HKU Business School","description":"\u4e00\u661f\u671f\u524d\uff0c\u4eba\u5927\u5e38\u59d4\u4f1a\u6279\u51c6\u4e86\u56fd\u52a1\u9662\u589e\u53d1\u4e00\u4e07\u4ebf\u5143\u4eba\u6c11\u5e01\u7684\u7279\u522b\u56fd\u503a\uff0c\u6240\u5f97\u6b3e\u9879\u4e8e\u4eca\u5e74\u53ca\u660e\u5e74\u5168\u90e8\u8f6c\u79fb\u7ed9\u5730\u65b9\u653f\u5e9c\uff0c\u4f5c\u4e3a\u5404\u5730\u5728\u81ea\u7136\u707e\u5bb3\u540e\u7684\u91cd\u5efa\u53ca\u9632\u707e\u5de5\u7a0b\u4e4b\u7528\u3002\u6709\u5173\u63aa\u65bd\u867d\u7136\u9488\u5bf9\u81ea\u7136\u707e\u5bb3\uff0c\u4e5f\u4f1a\u5728\u5f53\u524d\u7ecf\u6d4e\u590d\u82cf\u65f6\u8d77\u5230\u63a8\u8fdb\u4f5c\u7528\uff0c\u4f53\u73b0\u51fa\u8f83\u4e3a\u79ef\u6781\u7684\u8d22\u653f\u653f\u7b56\uff0c\u540c\u65f6\u4e5f\u53cd\u6620\u51fa\u5730\u65b9\u653f\u5e9c\u7684\u6349\u895f\u89c1\u8098\uff0c\u9700\u8981\u4e2d\u592e\u653f\u5e9c\u7684\u5e2e\u52a9\u3002\u867d\u7136\u4e00\u4e07\u4ebf\u5143\u662f\u4e2a\u5e9e\u5927\u6570\u76ee\uff0c\u4f46\u4e2d\u56fd\u7684\u56fd\u503a\u89c4\u6a21\u4e0d\u5927\uff0c\u7ea6\u4e3aGDP\u768420%\uff0c\u5e94\u4e0d\u4f1a\u9020\u6210\u5f88\u5927\u7684\u8d1f\u62c5\u3002\u81f3\u4e8e\u4eba\u6c11\u94f6\u884c\u4f1a\u5426\u653e\u5bbd\u6d41\u52a8\u6027\u5e2e\u5fd9\u878d\u8d44\uff0c\u987b\u5f85\u89c2\u5bdf\uff0c\u6bd5\u7adf\u4e5f\u8981\u8003\u8651\u4eba\u6c11\u5e01\u6c47\u7387\u7684\u5f31\u52bf\u3002 \u653f\u5e9c\u4ee5\u53d1\u503a\u878d\u8d44\u6765\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\uff0c\u662f\u53f8\u7a7a\u89c1\u60ef\u7684\u4f8b\u884c\u516c\u4e8b\u3002\u4f46\u503a\u52a1\u662f\u628a\u53cc\u5203\u5251\uff0c\u9002\u5f53\u7684\u53d1\u503a\u89c4\u6a21\u548c\u6240\u5f97\u8d44\u91d1\u7684\u6709\u6548\u8fd0\u7528\uff0c\u53ef\u4ee5\u5e26\u6765\u66f4\u591a\u66f4\u65e9\u7684\u751f\u4ea7\u548c\u6d88\u8d39\uff0c\u800c\u9519\u8bef\u7684\u8d44\u91d1\u6295\u653e\uff0c\u7279\u522b\u5728\u8fc7\u5ea6\u53d1\u503a\u7684\u60c5\u51b5\u4e0b\uff0c\u4e0d\u5355\u6d6a\u8d39\u8d44\u6e90\uff0c\u4ea6\u4f1a\u6210\u4e3a\u5c06\u6765\u7684\u8d1f\u7d2f\u3002\u73af\u987e\u5168\u7403\u7ecf\u6d4e\uff0c\u65e0\u8bba\u662f\u503a\u52a1\u603b\u989d\u6216\u4f5c\u4e3aGDP\u7684\u6bd4\u4f8b\uff0c\u5728\u8fc7\u53bb\u5341\u591a\u4e8c\u5341\u5e74\u90fd\u6709\u8fc5\u901f\u4e0a\u5347\u7684\u8d8b\u52bf\uff0c\u5728\u5168\u7403\u7ecf\u6d4e\u53d1\u5c55\u7684\u524d\u666f\u4e2d\u6295\u4e0b\u4e00\u4e2a\u9634\u5f71\u3002 \u7f8e\u987b\u53d1\u66f4\u591a\u65b0\u503a\u8fd8\u606f \u6839\u636e\u8054\u5408\u56fd\u7684\u8d44\u6599\u3010\u6ce81\u3011\uff0c\u5168\u7403\u5404\u653f\u5e9c\u53d1\u884c\u7684\u3001\u5305\u62ec\u5bf9\u5185\u548c\u5bf9\u5916\u7684\u516c\u503a\uff0c\u57282022\u5e74\u8fbe\u523092\u4e07\u4ebf\u7f8e\u5143\uff0c\u662f2000\u5e7417\u4e07\u4ebf\u7f8e\u5143\u76845\u500d\u591a\uff0c\u800c2022\u5e74\u7684\u5168\u7403GDP\u53ea\u662f2000\u5e74\u76843\u500d\uff0c\u5373\u516c\u503a\u5bf9GDP\u7684\u6bd4\u4f8b\u4e0a\u5347\u4e86\u4e09\u5206\u4e4b\u4e8c\u3002 92\u4e07\u4ebf\u7f8e\u5143\u516c\u503a\u4e2d\uff0c\u7531\u5df2\u5f00\u53d1\u56fd\u5bb6\u548c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53d1\u884c\u7684\u6bd4\u4f8b\u5206\u522b\u4e3a70%\u548c30%\u3002\u4f17\u6240\u5468\u77e5\uff0c\u7f8e\u56fd\u53d1\u884c\u7684\u516c\u503a\u6700\u591a\uff0c\u5360\u5168\u7403\u516c\u503a\u768434%\uff0c\u5bf9\u5168\u7403\u7684\u5f71\u54cd\u4ea6\u6700\u4e3a\u76f4\u63a5\u548c\u6df1\u8fdc\u3002 \u51ed\u7740\u7f8e\u5143\u7684\u56fd\u9645\u5730\u4f4d\uff0c\u7f8e\u56fd\u653f\u5e9c\u53ef\u4ee5\u6063\u610f\u5730\u6b20\u503a\u7d2f\u7d2f\uff0c\u5230\u4eca\u5e74\u4e2d\u5df2\u8d85\u8fc732\u4e07\u4ebf\u7f8e\u5143\uff0c\u4e3aGDP\u7684120%\u3002\u6839\u636e\u7f8e\u56fd\u56fd\u4f1a\u9884\u7b97\u529e\u516c\u5ba4\uff08U.S. Congressional Budget Office\uff09\u4eca\u5e746\u6708\u53d1\u8868\u7684\u62a5\u544a\uff0c\u8054\u90a6\u653f\u5e9c\u7684\u8d22\u653f\u8d64\u5b57\u4f1a\u75312023\u5e74\u5360GDP\u76845.8%\u6301\u7eed\u589e\u52a0\u81f32053\u5e74\u5360GDP\u768410%\uff0c\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6709\u8da3\u7684\u662f\uff0c\u589e\u52a0\u7684\u767e\u5206\u70b9\u5dee\u4e0d\u591a\u5168\u90e8\u6765\u81ea\u5229\u606f\u652f\u51fa\u3002\u7f8e\u56fd\u8054\u90a6\u653f\u5e9c\u4eca\u5e74\u652f\u4ed8\u7684\u5229\u606f\u662fGDP\u76842.5%\uff0c\u4f30\u8ba1\u52302053\u5e74\u662f\u5f53\u65f6GDP\u76846.7%\uff0c\u4e5f\u662f\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c \u7f8e\u56fd\u653f\u5e9c\u8981\u53d1\u6108\u6765\u6108\u591a\u7684\u65b0\u503a\u6765\u5e94\u4ed8\u6108\u6765\u6108\u591a\u7684\u5229\u606f\u652f\u51fa\u3002\u56fd\u503a\u6392\u6324\u4e86\u79c1\u8425\u90e8\u95e8\u7684\u6d3b\u52a8\uff0c\u4f46\u5374\u5e76\u975e\u7528\u5728\u6709\u5efa\u8bbe\u6027\u7684\u9879\u76ee\u4e0a\uff0c\u5bf9\u7ecf\u6d4e\u81ea\u7136\u662f\u5f0a\u591a\u5229\u5c11\u3002\u540c\u65f6\uff0c\u7f8e\u56fd\u653f\u5e9c\u7684\u53d1\u503a\u4f1a\u5e26\u52a8\u5168\u7403\u5229\u7387\u4e0a\u5347\uff0c\u5bfc\u81f4\u5176\u4ed6\u5730\u533a\u7684\u7ecf\u6d4e\u53ca\u503a\u52a1\u56f0\u96be\u3002 \u9664\u4e86\u7f8e\u56fd\u5916\uff0c\u597d\u4e9b\u5df2\u5f00\u53d1\u56fd\u5bb6\u7684\u516c\u503a\u5360GDP\u6bd4\u4f8b\u4e5f\u5f88\u9ad8\u3002\u6700\u660e\u663e\u7684\u662f\u65e5\u672c\uff0c\u7ea6\u4e3a260%\uff0c\u4f46\u65e5\u672c\u7684\u50a8\u84c4\u7387\u8fdc\u9ad8\u4e8e\u7f8e\u56fd\uff0c\u800c\u65e5\u672c\u7684\u91d1\u878d\u5e02\u573a\u76f8\u5f53\u5185\u5411\uff0c\u5bf9\u5168\u7403\u7ecf\u6d4e\u7684\u5f71\u54cd\u5e94\u4e0d\u4f1a\u5f88\u5927\u3002\u6b64\u5916\uff0c\u6b27\u6d32\u7684\u5e0c\u814a\u3001\u610f\u5927\u5229\u3001\u6cd5\u56fd\u548c\u82f1\u56fd\u90fd\u6709\u76f8\u5f53\u89c4\u6a21\u7684\u516c\u503a\u3002\u5728\u76ee\u524d\u4fc4\u4e4c\u6218\u4e89\u548c\u4e2d\u4e1c\u5371\u673a\u7684\u5f71\u54cd\u4e0b\uff0c\u6b27\u6d32\u7ecf\u6d4e\u9762\u5bf9\u591a\u65b9\u9762\u7684\u56f0\u96be\uff0c\u8fc7\u91cd\u7684\u503a\u52a1\u81ea\u7136\u662f\u4e2a\u60f3\u6254\u6389\u7684\u5305\u88b1\u3002 \u548c\u5df2\u5f00\u53d1\u56fd\u5bb6\u6bd4\u8f83\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u6f14\u53d8\u76f8\u5bf9\u6765\u8bf4\u66f4\u503c\u5f97\u5173\u6ce8\u3002\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u589e\u52a0\uff0c\u4e0d\u96be\u7406\u89e3\u3002\u5979\u4eec\u7684\u653f\u5e9c\u57fa\u4e8e\u4f4e\u751f\u4ea7\u6c34\u5e73\u7684\u7a0e\u52a1\u6536\u5165\uff0c\u81ea\u7136\u4e0d\u8db3\u4ee5\u5e94\u4ed8\u5373\u4f7f\u6700\u57fa\u672c\u7684\u6c11\u751f\u53ca\u5efa\u8bbe\u5f00\u652f\uff0c\u66f4\u9051\u8bba\u5e94\u4ed8\u65b0\u51a0\u75ab\u60c5\u548c\u6c14\u5019\u53d8\u5316\u7684\u8d39\u7528\u3002\u57282011\u5e74\uff0c\u516c\u503a\u9ad8\u4e8eGDP 60%\u7684\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53ea\u670922\u4e2a\uff0c\u52302022\u5e74\u5df2\u8fc5\u901f\u589e\u52a0\u81f359\u4e2a\u3002\u6b64\u5916\uff0c\u5f53\u524d\u7684\u56fd\u9645\u91d1\u878d\u67b6\u6784\u4ea6\u9020\u6210\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u56f0\u96be\u3002 \u9996\u5148\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u3001\u7279\u522b\u662f\u4f4e\u6536\u5165\u56fd\u5bb6\u5e76\u4e0d\u5bcc\u88d5\uff0c\u56fd\u5185\u6ca1\u6709\u8db3\u591f\u7684\u8d44\u91d1\uff0c\u81ea\u7136\u8981\u5411\u56fd\u5916\u4e3e\u503a\u3002\u4f46\u5728\u56fd\u9645\u5e02\u573a\u4e0a\u4e3e\u503a\uff0c\u503a\u52a1\u81ea\u7136\u4ee5\u7f8e\u5143\u6216\u6b27\u7f57\u7b49\u786c\u901a\u8d27\u8ba1\u7b97\uff0c\u4ea6\u9700\u8981\u4ee5\u540c\u6837\u7684\u8d27\u5e01\u507f\u8fd8\uff0c\u800c\u51fa\u53e3\u662f\u8d5a\u53d6\u786c\u901a\u8d27\u7684\u4e3b\u8981\u6765\u6e90\u3002\u4ece2010\u81f32021\u5e74\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u653f\u5e9c\u5411\u5916\u56fd\u501f\u6b3e\u989d\u7531\u5979\u4eec\u56fd\u5bb6GDP\u768419%\u589e\u52a0\u81f329%\uff0c\u800c\u51fa\u53e3\u6240\u5f97\u7684\u5916\u6c47\u7528\u4e8e\u507f\u8fd8\u5916\u503a\u7684\u6bd4\u4f8b\u4ea6\u75313.9%\u589e\u52a0\u81f37.4%\u3002\u82e5\u503a\u52a1\u671f\u95f4\u56fd\u5185\u8d27\u5e01\u5151\u4e3b\u8981\u8d27\u5e01\u8d2c\u503c\uff0c\u8fd8\u6b3e\u7684\u8d1f\u62c5\u4ea6\u968f\u5373\u4e0a\u5347\u3002 \u53d1\u5c55\u4e2d\u56fd\u5bb6\u516c\u503a\u7684\u53e6\u4e00\u4e2a\u8d8b\u52bf\u662f\uff0c\u79c1\u8425\u503a\u6743\u4eba\uff08\u5982\u5546\u4e1a\u94f6\u884c\uff09\u7684\u6bd4\u4f8b\u6108\u6765\u6108\u9ad8\uff0c\u75312010\u5e74\u768447%\u589e\u52a0\u81f32021\u5e74\u768462%\u3002\u76f8\u53cd\uff0c\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\uff08\u5982\u4e16\u754c\u94f6\u884c\uff09\u6240\u5360\u7684\u6bd4\u4f8b\u5219\u51cf\u5c0f\u3002\u79c1\u8425\u503a\u6743\u4eba\u7684\u8d37\u6b3e\u4e3b\u8981\u4ece\u5546\u4e1a\u89d2\u5ea6\u51fa\u53d1\uff0c\u6761\u4ef6\u4e0d\u5982\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\u4ece\u4fc3\u8fdb\u7ecf\u6d4e\u53d1\u5c55\u7684\u89d2\u5ea6\u51fa\u53d1\u822c\u4f18\u60e0\u3002\u6b64\u5916\uff0c\u503a\u6743\u4eba\u7684\u591a\u6837\u6027\u4e5f\u589e\u52a0\u4e86\u6709\u9700\u8981\u65f6\u503a\u52a1\u91cd\u7ec4\u7684\u590d\u6742\u6027\uff0c\u56e0\u800c\u62d6\u957f\u4e86\u8c08\u5224\u7684\u65f6\u95f4\u548c\u589e\u52a0\u4e86\u6b20\u503a\u65b9\u7684\u6210\u672c\u3002\u7b80\u5355\u6765\u8bf4\uff0c\u82e5\u53ea\u6709\u4e00\u4e2a\u503a\u6743\u4eba\uff0c\u901a\u8fc7\u503a\u52a1\u91cd\u7ec4\u63d0\u9ad8\u6b20\u503a\u65b9\u507f\u8fd8\u503a\u52a1\u7684\u80fd\u529b\uff0c\u4f1a\u5168\u6570\u6709\u5229\u4e8e\u8be5\u503a\u6743\u4eba\u3002\u4f46\u82e5\u6709\u591a\u4e2a\u503a\u6743\u4eba\uff0c\u4ed6\u4eec\u90fd\u4e0d\u4f1a\u90a3\u4e48\u613f\u610f\u91cd\u7ec4\u503a\u52a1\uff0c\u56e0\u4e3a\u6b20\u503a\u65b9\u7684\u4ec5\u4f59\u8d44\u91d1\u4f1a\u5148\u8fd8\u7ed9\u90a3\u4e9b\u8ffd\u8ba8\u6700\u79ef\u6781\u7684\u503a\u6743\u4eba\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u79c1\u8425\u503a\u6743\u4eba\u7684\u591a\u6837\u5316\u5bfc\u81f4\u7684\u642d\u4fbf\u8f66\u95ee\u9898\uff0c\u59a8\u788d\u4e86\u503a\u52a1\u91cd\u7ec4\u7684\u8c08\u5224\u3002 \u53e6\u4e00\u4e2a\u95ee\u9898\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u501f\u8d37\u6210\u672c\u8fdc\u9ad8\u4e8e\u5df2\u5f00\u53d1\u56fd\u5bb6\u3002\u7531\u4e8e\u524d\u8005\u7684\u8fdd\u7ea6\u98ce\u9669\u8f83\u9ad8\uff0c\u878d\u8d44\u7684\u6210\u672c\u4e5f\u81ea\u7136\u76f8\u5e94\u4e0a\u5347\uff0c\u7279\u522b\u662f\u5728\u56fd\u9645\u91d1\u878d\u5e02\u573a\u7b79\u96c6\u7684\u8d44\u91d1\u3002\u82e5\u6bd4\u8f83\u4eca\u5e74\u4e0a\u534a\u5e74\u4e0d\u540c\u5730\u533a\u7684\u5341\u5e74\u671f\u653f\u5e9c\u503a\u5238\u6536\u76ca\u7387\uff0c\u975e\u6d32\u3001\u62c9\u4e01\u7f8e\u6d32\u548c\u4e9a\u6d32\u5206\u522b\u662f11.6%\u30017.7%\u548c6.5%\uff0c\u90fd\u5927\u5e45\u9ad8\u4e8e\u7f8e\u56fd\u76843.1%\u548c\u5fb7\u56fd\u76841.5%\u3002\u7136\u800c\uff0c\u8fd9\u4e9b\u6536\u76ca\u7387\u5dee\u522b\u90a3\u4e48\u5927\uff0c\u80fd\u5426\u5168\u7531\u8fdd\u7ea6\u98ce\u9669\u89e3\u91ca\uff0c\u503c\u5f97\u63a2\u8ba8\u3002 \u503a\u52a1\u6108\u591a\u548c\u5229\u7387\u6108\u9ad8\uff0c\u503a\u52a1\u7684\u5229\u606f\u8d1f\u62c5\u5c31\u6108\u91cd\u3002\u53bb\u5e74\u53d1\u5c55\u4e2d\u56fd\u5bb6\u652f\u4ed8\u7684\u5229\u606f\u5c31\u8fbe\u5230GDP\u76841.5%\u6216\u653f\u5e9c\u6536\u5165\u76846.9%\uff0c\u5360\u7528\u4e86\u76f8\u5f53\u7684\u8d22\u653f\u7a7a\u95f4\u3002\u57282010\u81f32021\u5e74\u671f\u95f4\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u5229\u606f\u589e\u5e45\u5c31\u9ad8\u4e8e\u533b\u7597\u6216\u6559\u80b2\u5f00\u652f\u7684\u589e\u5e45\u3002\u8fd9\u60c5\u51b5\u548c\u4e0a\u6587\u63d0\u5230\u7684\u7f8e\u56fd\u76f8\u4f3c\uff0c\u4f46\u53d1\u5c55\u4e2d\u56fd\u5bb6\u4e0d\u80fd\u4ee5\u81ea\u5df1\u7684\u8d27\u5e01\u8fd8\u503a\uff0c\u56e0\u800c\u503a\u52a1\u7684\u53ef\u6301\u7eed\u6027\u53d7\u5230\u76f8\u5f53\u7684\u7ea6\u675f\u3002 \u603b\u503a\u52a1\u5341\u5e74\u8fc5\u589e50% \u5168\u7403\u503a\u52a1\u4f5c\u4e3aGDP\u6bd4\u4f8b\u7684\u4e0a\u5347\uff0c\u9690\u542b\u7740\u4e00\u4e2a\u95ee\u9898\uff0c\u5c31\u662f\u503a\u52a1\u878d\u8d44\u5f97\u6765\u7684\u6b3e\u9879\uff0c\u53ef\u4ee5\u4fc3\u8fdb\u7684\u751f\u4ea7\u6108\u6765\u6108\u5c11\u3002\u6309\u4e16\u754c\u94f6\u884c\u7684\u6570\u636e\u8ba1\u7b97\uff0c1971\u81f32000\u5e74\u671f\u95f4\uff0c\u5168\u7403\u7684\u5e74\u5747\u5b9e\u8d28\u589e\u957f\u7387\u662f3.29%\uff0c\u800c2000\u81f32022\u5e74\u671f\u95f4\u5219\u4e3a2.85%\u3002\u540e22\u5e74\u6bd4\u524d29\u5e74\u516c\u503a\u7684\u53d1\u884c\u91cf\u660e\u663e\u66f4\u591a\u3001\u589e\u957f\u66f4\u5feb\uff0c\u540c\u65f6\u91d1\u878d\u5e02\u573a\u7406\u5e94\u66f4\u6709\u6548\u7387\uff0c\u4f46GDP\u7684\u589e\u957f\u7387\u5374\u6bd4\u8f83\u6162\u3002\u5927\u62b5\u653f\u5e9c\u501f\u6765\u7684\u8d44\u91d1\uff0c\u6bd4\u8f83\u591a\u7528\u5728\u6d88\u8d39\u6027\u800c\u975e\u6295\u8d44\u6027\u7684\u9879\u76ee\uff0c\u53c8\u6216\u7528\u6765\u507f\u8fd8\u65e7\u503a\u5229\u606f\u800c\u975e\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\u3002\u6b64\u5916\uff0c\u57282008\u5e74\u91d1\u878d\u6d77\u5578\u540e\uff0c\u7f8e\u3001\u82f1\u3001\u6b27\u3001\u65e5\u51e0\u5bb6\u4e3b\u8981\u592e\u884c\u7684\u91cf\u5316\u5bbd\u677e\u653f\u7b56\u5e26\u6765\u5341\u591a\u5e74\u7684\u6781\u4f4e\u5229\u7387\u73af\u5883\u3002\u8d44\u91d1\u6210\u672c\u8fd9\u4e48\u4fbf\u5b9c\uff0c\u6bcb\u987b\u5c06\u8d44\u91d1\u6295\u653e\u5230\u7279\u522b\u9ad8\u56de\u62a5\u7684\u9879\u76ee\u4e0a\u4e5f\u6709\u6240\u5f97\uff0c\u6548\u7387\u4e5f\u81ea\u7136\u4e0b\u8dcc\u3002 \u4e0a\u6587\u8ba8\u8bba\u7684\u503a\u52a1\u3001\u5305\u62ec\u603b\u657092\u4e07\u4ebf\u7f8e\u5143\u7684\u90fd\u662f\u653f\u5e9c\u53d1\u884c\u7684\u516c\u503a\u3002\u6309\u56fd\u9645\u91d1\u878d\u534f\u4f1a\uff08Institute of International Finance\uff09\u7684\u62a5\u544a\u3010\u6ce82\u3011\uff0c\u82e5\u5305\u62ec\u4f01\u4e1a\u548c\u4e2a\u4eba\u503a\u52a1\uff0c\u5168\u7403\u603b\u503a\u52a1\u5728\u4eca\u5e74\u4e2d\u8fbe\u5230\u5386\u53f2\u9ad8\u5cf0\u7684307\u4e07\u4ebf\u7f8e\u5143\uff0c\u6bd4\u5341\u5e74\u524d\u8fc5\u901f\u589e\u52a0\u4e86100\u4e07\u4ebf\u7f8e\u5143\u621650%\uff0c\u589e\u5e45\u60ca\u4eba\u3002\u5728\u76ee\u524d\u6709\u591a\u65b9\u9762\u4e0d\u660e\u6717\u7684\u56fd\u9645\u653f\u7ecf\u73af\u5883\u4e2d\uff0c\u8fd9\u4e48\u591a\u548c\u4ecd\u5728\u5feb\u901f\u589e\u957f\u7684\u516c\u503a\u548c\u79c1\u503a\uff0c\u662f\u672a\u6765\u7ecf\u6d4e\u8d70\u52bf\u7684\u4e00\u5927\u5173\u6ce8\u70b9\u3002 \u3010\u6ce81\u3011 https:\/\/unctad .org\/publication\/world-of-debt \u3010\u6ce82\u3011 https:\/\/markets.businessinsider.com\/news\/currencies\/global-debt-record-trillion-developed-economies-gdp-us-banks-iif -2023-9 \u9646\u708e\u8f89\u535a\u58eb \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u8363\u8a89\u526f\u6559\u6388 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u5341\u4e00\u6708\u4e00\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09","canonical_url":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/opinions-and-speeches\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\/","robots":"max-image-preview:large","keywords":"","webmasterTools":{"google-site-verification":"google-site-verification=MjdkluDgHpNk2vz5slbwER2Gusw2rUDQuVULMERWzLo","miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/opinions-and-speeches\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/sc\/#listItem","position":1,"name":"Home","item":"https:\/\/www.hkubs.hku.hk\/sc\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/sc\/thought-leadership\/opinions-and-speeches-sc\/#listItem","name":"\u5a92\u4f53\u62a5\u5bfc"}},{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/sc\/thought-leadership\/opinions-and-speeches-sc\/#listItem","position":2,"name":"\u5a92\u4f53\u62a5\u5bfc","item":"https:\/\/www.hkubs.hku.hk\/sc\/thought-leadership\/opinions-and-speeches-sc\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/opinions-and-speeches\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\/#listItem","name":"\u503a\u52a1\u91cd\u91cd\u7684\u5168\u7403\u7ecf\u6d4e"},"previousItem":{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/sc\/#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/opinions-and-speeches\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\/#listItem","position":3,"name":"\u503a\u52a1\u91cd\u91cd\u7684\u5168\u7403\u7ecf\u6d4e","previousItem":{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/sc\/thought-leadership\/opinions-and-speeches-sc\/#listItem","name":"\u5a92\u4f53\u62a5\u5bfc"}}]},{"@type":"Organization","@id":"https:\/\/www.hkubs.hku.hk\/sc\/#organization","name":"HKU Business School","url":"https:\/\/www.hkubs.hku.hk\/sc\/"},{"@type":"WebPage","@id":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/opinions-and-speeches\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\/#webpage","url":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/opinions-and-speeches\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\/","name":"\u503a\u52a1\u91cd\u91cd\u7684\u5168\u7403\u7ecf\u6d4e - HKU Business School","description":"\u4e00\u661f\u671f\u524d\uff0c\u4eba\u5927\u5e38\u59d4\u4f1a\u6279\u51c6\u4e86\u56fd\u52a1\u9662\u589e\u53d1\u4e00\u4e07\u4ebf\u5143\u4eba\u6c11\u5e01\u7684\u7279\u522b\u56fd\u503a\uff0c\u6240\u5f97\u6b3e\u9879\u4e8e\u4eca\u5e74\u53ca\u660e\u5e74\u5168\u90e8\u8f6c\u79fb\u7ed9\u5730\u65b9\u653f\u5e9c\uff0c\u4f5c\u4e3a\u5404\u5730\u5728\u81ea\u7136\u707e\u5bb3\u540e\u7684\u91cd\u5efa\u53ca\u9632\u707e\u5de5\u7a0b\u4e4b\u7528\u3002\u6709\u5173\u63aa\u65bd\u867d\u7136\u9488\u5bf9\u81ea\u7136\u707e\u5bb3\uff0c\u4e5f\u4f1a\u5728\u5f53\u524d\u7ecf\u6d4e\u590d\u82cf\u65f6\u8d77\u5230\u63a8\u8fdb\u4f5c\u7528\uff0c\u4f53\u73b0\u51fa\u8f83\u4e3a\u79ef\u6781\u7684\u8d22\u653f\u653f\u7b56\uff0c\u540c\u65f6\u4e5f\u53cd\u6620\u51fa\u5730\u65b9\u653f\u5e9c\u7684\u6349\u895f\u89c1\u8098\uff0c\u9700\u8981\u4e2d\u592e\u653f\u5e9c\u7684\u5e2e\u52a9\u3002\u867d\u7136\u4e00\u4e07\u4ebf\u5143\u662f\u4e2a\u5e9e\u5927\u6570\u76ee\uff0c\u4f46\u4e2d\u56fd\u7684\u56fd\u503a\u89c4\u6a21\u4e0d\u5927\uff0c\u7ea6\u4e3aGDP\u768420%\uff0c\u5e94\u4e0d\u4f1a\u9020\u6210\u5f88\u5927\u7684\u8d1f\u62c5\u3002\u81f3\u4e8e\u4eba\u6c11\u94f6\u884c\u4f1a\u5426\u653e\u5bbd\u6d41\u52a8\u6027\u5e2e\u5fd9\u878d\u8d44\uff0c\u987b\u5f85\u89c2\u5bdf\uff0c\u6bd5\u7adf\u4e5f\u8981\u8003\u8651\u4eba\u6c11\u5e01\u6c47\u7387\u7684\u5f31\u52bf\u3002 \u653f\u5e9c\u4ee5\u53d1\u503a\u878d\u8d44\u6765\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\uff0c\u662f\u53f8\u7a7a\u89c1\u60ef\u7684\u4f8b\u884c\u516c\u4e8b\u3002\u4f46\u503a\u52a1\u662f\u628a\u53cc\u5203\u5251\uff0c\u9002\u5f53\u7684\u53d1\u503a\u89c4\u6a21\u548c\u6240\u5f97\u8d44\u91d1\u7684\u6709\u6548\u8fd0\u7528\uff0c\u53ef\u4ee5\u5e26\u6765\u66f4\u591a\u66f4\u65e9\u7684\u751f\u4ea7\u548c\u6d88\u8d39\uff0c\u800c\u9519\u8bef\u7684\u8d44\u91d1\u6295\u653e\uff0c\u7279\u522b\u5728\u8fc7\u5ea6\u53d1\u503a\u7684\u60c5\u51b5\u4e0b\uff0c\u4e0d\u5355\u6d6a\u8d39\u8d44\u6e90\uff0c\u4ea6\u4f1a\u6210\u4e3a\u5c06\u6765\u7684\u8d1f\u7d2f\u3002\u73af\u987e\u5168\u7403\u7ecf\u6d4e\uff0c\u65e0\u8bba\u662f\u503a\u52a1\u603b\u989d\u6216\u4f5c\u4e3aGDP\u7684\u6bd4\u4f8b\uff0c\u5728\u8fc7\u53bb\u5341\u591a\u4e8c\u5341\u5e74\u90fd\u6709\u8fc5\u901f\u4e0a\u5347\u7684\u8d8b\u52bf\uff0c\u5728\u5168\u7403\u7ecf\u6d4e\u53d1\u5c55\u7684\u524d\u666f\u4e2d\u6295\u4e0b\u4e00\u4e2a\u9634\u5f71\u3002 \u7f8e\u987b\u53d1\u66f4\u591a\u65b0\u503a\u8fd8\u606f \u6839\u636e\u8054\u5408\u56fd\u7684\u8d44\u6599\u3010\u6ce81\u3011\uff0c\u5168\u7403\u5404\u653f\u5e9c\u53d1\u884c\u7684\u3001\u5305\u62ec\u5bf9\u5185\u548c\u5bf9\u5916\u7684\u516c\u503a\uff0c\u57282022\u5e74\u8fbe\u523092\u4e07\u4ebf\u7f8e\u5143\uff0c\u662f2000\u5e7417\u4e07\u4ebf\u7f8e\u5143\u76845\u500d\u591a\uff0c\u800c2022\u5e74\u7684\u5168\u7403GDP\u53ea\u662f2000\u5e74\u76843\u500d\uff0c\u5373\u516c\u503a\u5bf9GDP\u7684\u6bd4\u4f8b\u4e0a\u5347\u4e86\u4e09\u5206\u4e4b\u4e8c\u3002 92\u4e07\u4ebf\u7f8e\u5143\u516c\u503a\u4e2d\uff0c\u7531\u5df2\u5f00\u53d1\u56fd\u5bb6\u548c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53d1\u884c\u7684\u6bd4\u4f8b\u5206\u522b\u4e3a70%\u548c30%\u3002\u4f17\u6240\u5468\u77e5\uff0c\u7f8e\u56fd\u53d1\u884c\u7684\u516c\u503a\u6700\u591a\uff0c\u5360\u5168\u7403\u516c\u503a\u768434%\uff0c\u5bf9\u5168\u7403\u7684\u5f71\u54cd\u4ea6\u6700\u4e3a\u76f4\u63a5\u548c\u6df1\u8fdc\u3002 \u51ed\u7740\u7f8e\u5143\u7684\u56fd\u9645\u5730\u4f4d\uff0c\u7f8e\u56fd\u653f\u5e9c\u53ef\u4ee5\u6063\u610f\u5730\u6b20\u503a\u7d2f\u7d2f\uff0c\u5230\u4eca\u5e74\u4e2d\u5df2\u8d85\u8fc732\u4e07\u4ebf\u7f8e\u5143\uff0c\u4e3aGDP\u7684120%\u3002\u6839\u636e\u7f8e\u56fd\u56fd\u4f1a\u9884\u7b97\u529e\u516c\u5ba4\uff08U.S. Congressional Budget Office\uff09\u4eca\u5e746\u6708\u53d1\u8868\u7684\u62a5\u544a\uff0c\u8054\u90a6\u653f\u5e9c\u7684\u8d22\u653f\u8d64\u5b57\u4f1a\u75312023\u5e74\u5360GDP\u76845.8%\u6301\u7eed\u589e\u52a0\u81f32053\u5e74\u5360GDP\u768410%\uff0c\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6709\u8da3\u7684\u662f\uff0c\u589e\u52a0\u7684\u767e\u5206\u70b9\u5dee\u4e0d\u591a\u5168\u90e8\u6765\u81ea\u5229\u606f\u652f\u51fa\u3002\u7f8e\u56fd\u8054\u90a6\u653f\u5e9c\u4eca\u5e74\u652f\u4ed8\u7684\u5229\u606f\u662fGDP\u76842.5%\uff0c\u4f30\u8ba1\u52302053\u5e74\u662f\u5f53\u65f6GDP\u76846.7%\uff0c\u4e5f\u662f\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c \u7f8e\u56fd\u653f\u5e9c\u8981\u53d1\u6108\u6765\u6108\u591a\u7684\u65b0\u503a\u6765\u5e94\u4ed8\u6108\u6765\u6108\u591a\u7684\u5229\u606f\u652f\u51fa\u3002\u56fd\u503a\u6392\u6324\u4e86\u79c1\u8425\u90e8\u95e8\u7684\u6d3b\u52a8\uff0c\u4f46\u5374\u5e76\u975e\u7528\u5728\u6709\u5efa\u8bbe\u6027\u7684\u9879\u76ee\u4e0a\uff0c\u5bf9\u7ecf\u6d4e\u81ea\u7136\u662f\u5f0a\u591a\u5229\u5c11\u3002\u540c\u65f6\uff0c\u7f8e\u56fd\u653f\u5e9c\u7684\u53d1\u503a\u4f1a\u5e26\u52a8\u5168\u7403\u5229\u7387\u4e0a\u5347\uff0c\u5bfc\u81f4\u5176\u4ed6\u5730\u533a\u7684\u7ecf\u6d4e\u53ca\u503a\u52a1\u56f0\u96be\u3002 \u9664\u4e86\u7f8e\u56fd\u5916\uff0c\u597d\u4e9b\u5df2\u5f00\u53d1\u56fd\u5bb6\u7684\u516c\u503a\u5360GDP\u6bd4\u4f8b\u4e5f\u5f88\u9ad8\u3002\u6700\u660e\u663e\u7684\u662f\u65e5\u672c\uff0c\u7ea6\u4e3a260%\uff0c\u4f46\u65e5\u672c\u7684\u50a8\u84c4\u7387\u8fdc\u9ad8\u4e8e\u7f8e\u56fd\uff0c\u800c\u65e5\u672c\u7684\u91d1\u878d\u5e02\u573a\u76f8\u5f53\u5185\u5411\uff0c\u5bf9\u5168\u7403\u7ecf\u6d4e\u7684\u5f71\u54cd\u5e94\u4e0d\u4f1a\u5f88\u5927\u3002\u6b64\u5916\uff0c\u6b27\u6d32\u7684\u5e0c\u814a\u3001\u610f\u5927\u5229\u3001\u6cd5\u56fd\u548c\u82f1\u56fd\u90fd\u6709\u76f8\u5f53\u89c4\u6a21\u7684\u516c\u503a\u3002\u5728\u76ee\u524d\u4fc4\u4e4c\u6218\u4e89\u548c\u4e2d\u4e1c\u5371\u673a\u7684\u5f71\u54cd\u4e0b\uff0c\u6b27\u6d32\u7ecf\u6d4e\u9762\u5bf9\u591a\u65b9\u9762\u7684\u56f0\u96be\uff0c\u8fc7\u91cd\u7684\u503a\u52a1\u81ea\u7136\u662f\u4e2a\u60f3\u6254\u6389\u7684\u5305\u88b1\u3002 \u548c\u5df2\u5f00\u53d1\u56fd\u5bb6\u6bd4\u8f83\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u6f14\u53d8\u76f8\u5bf9\u6765\u8bf4\u66f4\u503c\u5f97\u5173\u6ce8\u3002\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u589e\u52a0\uff0c\u4e0d\u96be\u7406\u89e3\u3002\u5979\u4eec\u7684\u653f\u5e9c\u57fa\u4e8e\u4f4e\u751f\u4ea7\u6c34\u5e73\u7684\u7a0e\u52a1\u6536\u5165\uff0c\u81ea\u7136\u4e0d\u8db3\u4ee5\u5e94\u4ed8\u5373\u4f7f\u6700\u57fa\u672c\u7684\u6c11\u751f\u53ca\u5efa\u8bbe\u5f00\u652f\uff0c\u66f4\u9051\u8bba\u5e94\u4ed8\u65b0\u51a0\u75ab\u60c5\u548c\u6c14\u5019\u53d8\u5316\u7684\u8d39\u7528\u3002\u57282011\u5e74\uff0c\u516c\u503a\u9ad8\u4e8eGDP 60%\u7684\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53ea\u670922\u4e2a\uff0c\u52302022\u5e74\u5df2\u8fc5\u901f\u589e\u52a0\u81f359\u4e2a\u3002\u6b64\u5916\uff0c\u5f53\u524d\u7684\u56fd\u9645\u91d1\u878d\u67b6\u6784\u4ea6\u9020\u6210\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u56f0\u96be\u3002 \u9996\u5148\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u3001\u7279\u522b\u662f\u4f4e\u6536\u5165\u56fd\u5bb6\u5e76\u4e0d\u5bcc\u88d5\uff0c\u56fd\u5185\u6ca1\u6709\u8db3\u591f\u7684\u8d44\u91d1\uff0c\u81ea\u7136\u8981\u5411\u56fd\u5916\u4e3e\u503a\u3002\u4f46\u5728\u56fd\u9645\u5e02\u573a\u4e0a\u4e3e\u503a\uff0c\u503a\u52a1\u81ea\u7136\u4ee5\u7f8e\u5143\u6216\u6b27\u7f57\u7b49\u786c\u901a\u8d27\u8ba1\u7b97\uff0c\u4ea6\u9700\u8981\u4ee5\u540c\u6837\u7684\u8d27\u5e01\u507f\u8fd8\uff0c\u800c\u51fa\u53e3\u662f\u8d5a\u53d6\u786c\u901a\u8d27\u7684\u4e3b\u8981\u6765\u6e90\u3002\u4ece2010\u81f32021\u5e74\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u653f\u5e9c\u5411\u5916\u56fd\u501f\u6b3e\u989d\u7531\u5979\u4eec\u56fd\u5bb6GDP\u768419%\u589e\u52a0\u81f329%\uff0c\u800c\u51fa\u53e3\u6240\u5f97\u7684\u5916\u6c47\u7528\u4e8e\u507f\u8fd8\u5916\u503a\u7684\u6bd4\u4f8b\u4ea6\u75313.9%\u589e\u52a0\u81f37.4%\u3002\u82e5\u503a\u52a1\u671f\u95f4\u56fd\u5185\u8d27\u5e01\u5151\u4e3b\u8981\u8d27\u5e01\u8d2c\u503c\uff0c\u8fd8\u6b3e\u7684\u8d1f\u62c5\u4ea6\u968f\u5373\u4e0a\u5347\u3002 \u53d1\u5c55\u4e2d\u56fd\u5bb6\u516c\u503a\u7684\u53e6\u4e00\u4e2a\u8d8b\u52bf\u662f\uff0c\u79c1\u8425\u503a\u6743\u4eba\uff08\u5982\u5546\u4e1a\u94f6\u884c\uff09\u7684\u6bd4\u4f8b\u6108\u6765\u6108\u9ad8\uff0c\u75312010\u5e74\u768447%\u589e\u52a0\u81f32021\u5e74\u768462%\u3002\u76f8\u53cd\uff0c\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\uff08\u5982\u4e16\u754c\u94f6\u884c\uff09\u6240\u5360\u7684\u6bd4\u4f8b\u5219\u51cf\u5c0f\u3002\u79c1\u8425\u503a\u6743\u4eba\u7684\u8d37\u6b3e\u4e3b\u8981\u4ece\u5546\u4e1a\u89d2\u5ea6\u51fa\u53d1\uff0c\u6761\u4ef6\u4e0d\u5982\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\u4ece\u4fc3\u8fdb\u7ecf\u6d4e\u53d1\u5c55\u7684\u89d2\u5ea6\u51fa\u53d1\u822c\u4f18\u60e0\u3002\u6b64\u5916\uff0c\u503a\u6743\u4eba\u7684\u591a\u6837\u6027\u4e5f\u589e\u52a0\u4e86\u6709\u9700\u8981\u65f6\u503a\u52a1\u91cd\u7ec4\u7684\u590d\u6742\u6027\uff0c\u56e0\u800c\u62d6\u957f\u4e86\u8c08\u5224\u7684\u65f6\u95f4\u548c\u589e\u52a0\u4e86\u6b20\u503a\u65b9\u7684\u6210\u672c\u3002\u7b80\u5355\u6765\u8bf4\uff0c\u82e5\u53ea\u6709\u4e00\u4e2a\u503a\u6743\u4eba\uff0c\u901a\u8fc7\u503a\u52a1\u91cd\u7ec4\u63d0\u9ad8\u6b20\u503a\u65b9\u507f\u8fd8\u503a\u52a1\u7684\u80fd\u529b\uff0c\u4f1a\u5168\u6570\u6709\u5229\u4e8e\u8be5\u503a\u6743\u4eba\u3002\u4f46\u82e5\u6709\u591a\u4e2a\u503a\u6743\u4eba\uff0c\u4ed6\u4eec\u90fd\u4e0d\u4f1a\u90a3\u4e48\u613f\u610f\u91cd\u7ec4\u503a\u52a1\uff0c\u56e0\u4e3a\u6b20\u503a\u65b9\u7684\u4ec5\u4f59\u8d44\u91d1\u4f1a\u5148\u8fd8\u7ed9\u90a3\u4e9b\u8ffd\u8ba8\u6700\u79ef\u6781\u7684\u503a\u6743\u4eba\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u79c1\u8425\u503a\u6743\u4eba\u7684\u591a\u6837\u5316\u5bfc\u81f4\u7684\u642d\u4fbf\u8f66\u95ee\u9898\uff0c\u59a8\u788d\u4e86\u503a\u52a1\u91cd\u7ec4\u7684\u8c08\u5224\u3002 \u53e6\u4e00\u4e2a\u95ee\u9898\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u501f\u8d37\u6210\u672c\u8fdc\u9ad8\u4e8e\u5df2\u5f00\u53d1\u56fd\u5bb6\u3002\u7531\u4e8e\u524d\u8005\u7684\u8fdd\u7ea6\u98ce\u9669\u8f83\u9ad8\uff0c\u878d\u8d44\u7684\u6210\u672c\u4e5f\u81ea\u7136\u76f8\u5e94\u4e0a\u5347\uff0c\u7279\u522b\u662f\u5728\u56fd\u9645\u91d1\u878d\u5e02\u573a\u7b79\u96c6\u7684\u8d44\u91d1\u3002\u82e5\u6bd4\u8f83\u4eca\u5e74\u4e0a\u534a\u5e74\u4e0d\u540c\u5730\u533a\u7684\u5341\u5e74\u671f\u653f\u5e9c\u503a\u5238\u6536\u76ca\u7387\uff0c\u975e\u6d32\u3001\u62c9\u4e01\u7f8e\u6d32\u548c\u4e9a\u6d32\u5206\u522b\u662f11.6%\u30017.7%\u548c6.5%\uff0c\u90fd\u5927\u5e45\u9ad8\u4e8e\u7f8e\u56fd\u76843.1%\u548c\u5fb7\u56fd\u76841.5%\u3002\u7136\u800c\uff0c\u8fd9\u4e9b\u6536\u76ca\u7387\u5dee\u522b\u90a3\u4e48\u5927\uff0c\u80fd\u5426\u5168\u7531\u8fdd\u7ea6\u98ce\u9669\u89e3\u91ca\uff0c\u503c\u5f97\u63a2\u8ba8\u3002 \u503a\u52a1\u6108\u591a\u548c\u5229\u7387\u6108\u9ad8\uff0c\u503a\u52a1\u7684\u5229\u606f\u8d1f\u62c5\u5c31\u6108\u91cd\u3002\u53bb\u5e74\u53d1\u5c55\u4e2d\u56fd\u5bb6\u652f\u4ed8\u7684\u5229\u606f\u5c31\u8fbe\u5230GDP\u76841.5%\u6216\u653f\u5e9c\u6536\u5165\u76846.9%\uff0c\u5360\u7528\u4e86\u76f8\u5f53\u7684\u8d22\u653f\u7a7a\u95f4\u3002\u57282010\u81f32021\u5e74\u671f\u95f4\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u5229\u606f\u589e\u5e45\u5c31\u9ad8\u4e8e\u533b\u7597\u6216\u6559\u80b2\u5f00\u652f\u7684\u589e\u5e45\u3002\u8fd9\u60c5\u51b5\u548c\u4e0a\u6587\u63d0\u5230\u7684\u7f8e\u56fd\u76f8\u4f3c\uff0c\u4f46\u53d1\u5c55\u4e2d\u56fd\u5bb6\u4e0d\u80fd\u4ee5\u81ea\u5df1\u7684\u8d27\u5e01\u8fd8\u503a\uff0c\u56e0\u800c\u503a\u52a1\u7684\u53ef\u6301\u7eed\u6027\u53d7\u5230\u76f8\u5f53\u7684\u7ea6\u675f\u3002 \u603b\u503a\u52a1\u5341\u5e74\u8fc5\u589e50% \u5168\u7403\u503a\u52a1\u4f5c\u4e3aGDP\u6bd4\u4f8b\u7684\u4e0a\u5347\uff0c\u9690\u542b\u7740\u4e00\u4e2a\u95ee\u9898\uff0c\u5c31\u662f\u503a\u52a1\u878d\u8d44\u5f97\u6765\u7684\u6b3e\u9879\uff0c\u53ef\u4ee5\u4fc3\u8fdb\u7684\u751f\u4ea7\u6108\u6765\u6108\u5c11\u3002\u6309\u4e16\u754c\u94f6\u884c\u7684\u6570\u636e\u8ba1\u7b97\uff0c1971\u81f32000\u5e74\u671f\u95f4\uff0c\u5168\u7403\u7684\u5e74\u5747\u5b9e\u8d28\u589e\u957f\u7387\u662f3.29%\uff0c\u800c2000\u81f32022\u5e74\u671f\u95f4\u5219\u4e3a2.85%\u3002\u540e22\u5e74\u6bd4\u524d29\u5e74\u516c\u503a\u7684\u53d1\u884c\u91cf\u660e\u663e\u66f4\u591a\u3001\u589e\u957f\u66f4\u5feb\uff0c\u540c\u65f6\u91d1\u878d\u5e02\u573a\u7406\u5e94\u66f4\u6709\u6548\u7387\uff0c\u4f46GDP\u7684\u589e\u957f\u7387\u5374\u6bd4\u8f83\u6162\u3002\u5927\u62b5\u653f\u5e9c\u501f\u6765\u7684\u8d44\u91d1\uff0c\u6bd4\u8f83\u591a\u7528\u5728\u6d88\u8d39\u6027\u800c\u975e\u6295\u8d44\u6027\u7684\u9879\u76ee\uff0c\u53c8\u6216\u7528\u6765\u507f\u8fd8\u65e7\u503a\u5229\u606f\u800c\u975e\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\u3002\u6b64\u5916\uff0c\u57282008\u5e74\u91d1\u878d\u6d77\u5578\u540e\uff0c\u7f8e\u3001\u82f1\u3001\u6b27\u3001\u65e5\u51e0\u5bb6\u4e3b\u8981\u592e\u884c\u7684\u91cf\u5316\u5bbd\u677e\u653f\u7b56\u5e26\u6765\u5341\u591a\u5e74\u7684\u6781\u4f4e\u5229\u7387\u73af\u5883\u3002\u8d44\u91d1\u6210\u672c\u8fd9\u4e48\u4fbf\u5b9c\uff0c\u6bcb\u987b\u5c06\u8d44\u91d1\u6295\u653e\u5230\u7279\u522b\u9ad8\u56de\u62a5\u7684\u9879\u76ee\u4e0a\u4e5f\u6709\u6240\u5f97\uff0c\u6548\u7387\u4e5f\u81ea\u7136\u4e0b\u8dcc\u3002 \u4e0a\u6587\u8ba8\u8bba\u7684\u503a\u52a1\u3001\u5305\u62ec\u603b\u657092\u4e07\u4ebf\u7f8e\u5143\u7684\u90fd\u662f\u653f\u5e9c\u53d1\u884c\u7684\u516c\u503a\u3002\u6309\u56fd\u9645\u91d1\u878d\u534f\u4f1a\uff08Institute of International Finance\uff09\u7684\u62a5\u544a\u3010\u6ce82\u3011\uff0c\u82e5\u5305\u62ec\u4f01\u4e1a\u548c\u4e2a\u4eba\u503a\u52a1\uff0c\u5168\u7403\u603b\u503a\u52a1\u5728\u4eca\u5e74\u4e2d\u8fbe\u5230\u5386\u53f2\u9ad8\u5cf0\u7684307\u4e07\u4ebf\u7f8e\u5143\uff0c\u6bd4\u5341\u5e74\u524d\u8fc5\u901f\u589e\u52a0\u4e86100\u4e07\u4ebf\u7f8e\u5143\u621650%\uff0c\u589e\u5e45\u60ca\u4eba\u3002\u5728\u76ee\u524d\u6709\u591a\u65b9\u9762\u4e0d\u660e\u6717\u7684\u56fd\u9645\u653f\u7ecf\u73af\u5883\u4e2d\uff0c\u8fd9\u4e48\u591a\u548c\u4ecd\u5728\u5feb\u901f\u589e\u957f\u7684\u516c\u503a\u548c\u79c1\u503a\uff0c\u662f\u672a\u6765\u7ecf\u6d4e\u8d70\u52bf\u7684\u4e00\u5927\u5173\u6ce8\u70b9\u3002 \u3010\u6ce81\u3011 https:\/\/unctad .org\/publication\/world-of-debt \u3010\u6ce82\u3011 https:\/\/markets.businessinsider.com\/news\/currencies\/global-debt-record-trillion-developed-economies-gdp-us-banks-iif -2023-9 \u9646\u708e\u8f89\u535a\u58eb \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u8363\u8a89\u526f\u6559\u6388 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u5341\u4e00\u6708\u4e00\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09","inLanguage":"zh-CN","isPartOf":{"@id":"https:\/\/www.hkubs.hku.hk\/sc\/#website"},"breadcrumb":{"@id":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/opinions-and-speeches\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\/#breadcrumblist"},"datePublished":"2023-11-03T09:56:33+08:00","dateModified":"2023-11-03T16:24:03+08:00"},{"@type":"WebSite","@id":"https:\/\/www.hkubs.hku.hk\/sc\/#website","url":"https:\/\/www.hkubs.hku.hk\/sc\/","name":"HKU Business School","inLanguage":"zh-CN","publisher":{"@id":"https:\/\/www.hkubs.hku.hk\/sc\/#organization"}}]},"og:locale":"en_US","og:site_name":"HKU Business School -","og:type":"article","og:title":"\u503a\u52a1\u91cd\u91cd\u7684\u5168\u7403\u7ecf\u6d4e - HKU Business School","og:description":"\u4e00\u661f\u671f\u524d\uff0c\u4eba\u5927\u5e38\u59d4\u4f1a\u6279\u51c6\u4e86\u56fd\u52a1\u9662\u589e\u53d1\u4e00\u4e07\u4ebf\u5143\u4eba\u6c11\u5e01\u7684\u7279\u522b\u56fd\u503a\uff0c\u6240\u5f97\u6b3e\u9879\u4e8e\u4eca\u5e74\u53ca\u660e\u5e74\u5168\u90e8\u8f6c\u79fb\u7ed9\u5730\u65b9\u653f\u5e9c\uff0c\u4f5c\u4e3a\u5404\u5730\u5728\u81ea\u7136\u707e\u5bb3\u540e\u7684\u91cd\u5efa\u53ca\u9632\u707e\u5de5\u7a0b\u4e4b\u7528\u3002\u6709\u5173\u63aa\u65bd\u867d\u7136\u9488\u5bf9\u81ea\u7136\u707e\u5bb3\uff0c\u4e5f\u4f1a\u5728\u5f53\u524d\u7ecf\u6d4e\u590d\u82cf\u65f6\u8d77\u5230\u63a8\u8fdb\u4f5c\u7528\uff0c\u4f53\u73b0\u51fa\u8f83\u4e3a\u79ef\u6781\u7684\u8d22\u653f\u653f\u7b56\uff0c\u540c\u65f6\u4e5f\u53cd\u6620\u51fa\u5730\u65b9\u653f\u5e9c\u7684\u6349\u895f\u89c1\u8098\uff0c\u9700\u8981\u4e2d\u592e\u653f\u5e9c\u7684\u5e2e\u52a9\u3002\u867d\u7136\u4e00\u4e07\u4ebf\u5143\u662f\u4e2a\u5e9e\u5927\u6570\u76ee\uff0c\u4f46\u4e2d\u56fd\u7684\u56fd\u503a\u89c4\u6a21\u4e0d\u5927\uff0c\u7ea6\u4e3aGDP\u768420%\uff0c\u5e94\u4e0d\u4f1a\u9020\u6210\u5f88\u5927\u7684\u8d1f\u62c5\u3002\u81f3\u4e8e\u4eba\u6c11\u94f6\u884c\u4f1a\u5426\u653e\u5bbd\u6d41\u52a8\u6027\u5e2e\u5fd9\u878d\u8d44\uff0c\u987b\u5f85\u89c2\u5bdf\uff0c\u6bd5\u7adf\u4e5f\u8981\u8003\u8651\u4eba\u6c11\u5e01\u6c47\u7387\u7684\u5f31\u52bf\u3002 \u653f\u5e9c\u4ee5\u53d1\u503a\u878d\u8d44\u6765\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\uff0c\u662f\u53f8\u7a7a\u89c1\u60ef\u7684\u4f8b\u884c\u516c\u4e8b\u3002\u4f46\u503a\u52a1\u662f\u628a\u53cc\u5203\u5251\uff0c\u9002\u5f53\u7684\u53d1\u503a\u89c4\u6a21\u548c\u6240\u5f97\u8d44\u91d1\u7684\u6709\u6548\u8fd0\u7528\uff0c\u53ef\u4ee5\u5e26\u6765\u66f4\u591a\u66f4\u65e9\u7684\u751f\u4ea7\u548c\u6d88\u8d39\uff0c\u800c\u9519\u8bef\u7684\u8d44\u91d1\u6295\u653e\uff0c\u7279\u522b\u5728\u8fc7\u5ea6\u53d1\u503a\u7684\u60c5\u51b5\u4e0b\uff0c\u4e0d\u5355\u6d6a\u8d39\u8d44\u6e90\uff0c\u4ea6\u4f1a\u6210\u4e3a\u5c06\u6765\u7684\u8d1f\u7d2f\u3002\u73af\u987e\u5168\u7403\u7ecf\u6d4e\uff0c\u65e0\u8bba\u662f\u503a\u52a1\u603b\u989d\u6216\u4f5c\u4e3aGDP\u7684\u6bd4\u4f8b\uff0c\u5728\u8fc7\u53bb\u5341\u591a\u4e8c\u5341\u5e74\u90fd\u6709\u8fc5\u901f\u4e0a\u5347\u7684\u8d8b\u52bf\uff0c\u5728\u5168\u7403\u7ecf\u6d4e\u53d1\u5c55\u7684\u524d\u666f\u4e2d\u6295\u4e0b\u4e00\u4e2a\u9634\u5f71\u3002 \u7f8e\u987b\u53d1\u66f4\u591a\u65b0\u503a\u8fd8\u606f \u6839\u636e\u8054\u5408\u56fd\u7684\u8d44\u6599\u3010\u6ce81\u3011\uff0c\u5168\u7403\u5404\u653f\u5e9c\u53d1\u884c\u7684\u3001\u5305\u62ec\u5bf9\u5185\u548c\u5bf9\u5916\u7684\u516c\u503a\uff0c\u57282022\u5e74\u8fbe\u523092\u4e07\u4ebf\u7f8e\u5143\uff0c\u662f2000\u5e7417\u4e07\u4ebf\u7f8e\u5143\u76845\u500d\u591a\uff0c\u800c2022\u5e74\u7684\u5168\u7403GDP\u53ea\u662f2000\u5e74\u76843\u500d\uff0c\u5373\u516c\u503a\u5bf9GDP\u7684\u6bd4\u4f8b\u4e0a\u5347\u4e86\u4e09\u5206\u4e4b\u4e8c\u3002 92\u4e07\u4ebf\u7f8e\u5143\u516c\u503a\u4e2d\uff0c\u7531\u5df2\u5f00\u53d1\u56fd\u5bb6\u548c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53d1\u884c\u7684\u6bd4\u4f8b\u5206\u522b\u4e3a70%\u548c30%\u3002\u4f17\u6240\u5468\u77e5\uff0c\u7f8e\u56fd\u53d1\u884c\u7684\u516c\u503a\u6700\u591a\uff0c\u5360\u5168\u7403\u516c\u503a\u768434%\uff0c\u5bf9\u5168\u7403\u7684\u5f71\u54cd\u4ea6\u6700\u4e3a\u76f4\u63a5\u548c\u6df1\u8fdc\u3002 \u51ed\u7740\u7f8e\u5143\u7684\u56fd\u9645\u5730\u4f4d\uff0c\u7f8e\u56fd\u653f\u5e9c\u53ef\u4ee5\u6063\u610f\u5730\u6b20\u503a\u7d2f\u7d2f\uff0c\u5230\u4eca\u5e74\u4e2d\u5df2\u8d85\u8fc732\u4e07\u4ebf\u7f8e\u5143\uff0c\u4e3aGDP\u7684120%\u3002\u6839\u636e\u7f8e\u56fd\u56fd\u4f1a\u9884\u7b97\u529e\u516c\u5ba4\uff08U.S. Congressional Budget Office\uff09\u4eca\u5e746\u6708\u53d1\u8868\u7684\u62a5\u544a\uff0c\u8054\u90a6\u653f\u5e9c\u7684\u8d22\u653f\u8d64\u5b57\u4f1a\u75312023\u5e74\u5360GDP\u76845.8%\u6301\u7eed\u589e\u52a0\u81f32053\u5e74\u5360GDP\u768410%\uff0c\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6709\u8da3\u7684\u662f\uff0c\u589e\u52a0\u7684\u767e\u5206\u70b9\u5dee\u4e0d\u591a\u5168\u90e8\u6765\u81ea\u5229\u606f\u652f\u51fa\u3002\u7f8e\u56fd\u8054\u90a6\u653f\u5e9c\u4eca\u5e74\u652f\u4ed8\u7684\u5229\u606f\u662fGDP\u76842.5%\uff0c\u4f30\u8ba1\u52302053\u5e74\u662f\u5f53\u65f6GDP\u76846.7%\uff0c\u4e5f\u662f\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c \u7f8e\u56fd\u653f\u5e9c\u8981\u53d1\u6108\u6765\u6108\u591a\u7684\u65b0\u503a\u6765\u5e94\u4ed8\u6108\u6765\u6108\u591a\u7684\u5229\u606f\u652f\u51fa\u3002\u56fd\u503a\u6392\u6324\u4e86\u79c1\u8425\u90e8\u95e8\u7684\u6d3b\u52a8\uff0c\u4f46\u5374\u5e76\u975e\u7528\u5728\u6709\u5efa\u8bbe\u6027\u7684\u9879\u76ee\u4e0a\uff0c\u5bf9\u7ecf\u6d4e\u81ea\u7136\u662f\u5f0a\u591a\u5229\u5c11\u3002\u540c\u65f6\uff0c\u7f8e\u56fd\u653f\u5e9c\u7684\u53d1\u503a\u4f1a\u5e26\u52a8\u5168\u7403\u5229\u7387\u4e0a\u5347\uff0c\u5bfc\u81f4\u5176\u4ed6\u5730\u533a\u7684\u7ecf\u6d4e\u53ca\u503a\u52a1\u56f0\u96be\u3002 \u9664\u4e86\u7f8e\u56fd\u5916\uff0c\u597d\u4e9b\u5df2\u5f00\u53d1\u56fd\u5bb6\u7684\u516c\u503a\u5360GDP\u6bd4\u4f8b\u4e5f\u5f88\u9ad8\u3002\u6700\u660e\u663e\u7684\u662f\u65e5\u672c\uff0c\u7ea6\u4e3a260%\uff0c\u4f46\u65e5\u672c\u7684\u50a8\u84c4\u7387\u8fdc\u9ad8\u4e8e\u7f8e\u56fd\uff0c\u800c\u65e5\u672c\u7684\u91d1\u878d\u5e02\u573a\u76f8\u5f53\u5185\u5411\uff0c\u5bf9\u5168\u7403\u7ecf\u6d4e\u7684\u5f71\u54cd\u5e94\u4e0d\u4f1a\u5f88\u5927\u3002\u6b64\u5916\uff0c\u6b27\u6d32\u7684\u5e0c\u814a\u3001\u610f\u5927\u5229\u3001\u6cd5\u56fd\u548c\u82f1\u56fd\u90fd\u6709\u76f8\u5f53\u89c4\u6a21\u7684\u516c\u503a\u3002\u5728\u76ee\u524d\u4fc4\u4e4c\u6218\u4e89\u548c\u4e2d\u4e1c\u5371\u673a\u7684\u5f71\u54cd\u4e0b\uff0c\u6b27\u6d32\u7ecf\u6d4e\u9762\u5bf9\u591a\u65b9\u9762\u7684\u56f0\u96be\uff0c\u8fc7\u91cd\u7684\u503a\u52a1\u81ea\u7136\u662f\u4e2a\u60f3\u6254\u6389\u7684\u5305\u88b1\u3002 \u548c\u5df2\u5f00\u53d1\u56fd\u5bb6\u6bd4\u8f83\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u6f14\u53d8\u76f8\u5bf9\u6765\u8bf4\u66f4\u503c\u5f97\u5173\u6ce8\u3002\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u589e\u52a0\uff0c\u4e0d\u96be\u7406\u89e3\u3002\u5979\u4eec\u7684\u653f\u5e9c\u57fa\u4e8e\u4f4e\u751f\u4ea7\u6c34\u5e73\u7684\u7a0e\u52a1\u6536\u5165\uff0c\u81ea\u7136\u4e0d\u8db3\u4ee5\u5e94\u4ed8\u5373\u4f7f\u6700\u57fa\u672c\u7684\u6c11\u751f\u53ca\u5efa\u8bbe\u5f00\u652f\uff0c\u66f4\u9051\u8bba\u5e94\u4ed8\u65b0\u51a0\u75ab\u60c5\u548c\u6c14\u5019\u53d8\u5316\u7684\u8d39\u7528\u3002\u57282011\u5e74\uff0c\u516c\u503a\u9ad8\u4e8eGDP 60%\u7684\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53ea\u670922\u4e2a\uff0c\u52302022\u5e74\u5df2\u8fc5\u901f\u589e\u52a0\u81f359\u4e2a\u3002\u6b64\u5916\uff0c\u5f53\u524d\u7684\u56fd\u9645\u91d1\u878d\u67b6\u6784\u4ea6\u9020\u6210\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u56f0\u96be\u3002 \u9996\u5148\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u3001\u7279\u522b\u662f\u4f4e\u6536\u5165\u56fd\u5bb6\u5e76\u4e0d\u5bcc\u88d5\uff0c\u56fd\u5185\u6ca1\u6709\u8db3\u591f\u7684\u8d44\u91d1\uff0c\u81ea\u7136\u8981\u5411\u56fd\u5916\u4e3e\u503a\u3002\u4f46\u5728\u56fd\u9645\u5e02\u573a\u4e0a\u4e3e\u503a\uff0c\u503a\u52a1\u81ea\u7136\u4ee5\u7f8e\u5143\u6216\u6b27\u7f57\u7b49\u786c\u901a\u8d27\u8ba1\u7b97\uff0c\u4ea6\u9700\u8981\u4ee5\u540c\u6837\u7684\u8d27\u5e01\u507f\u8fd8\uff0c\u800c\u51fa\u53e3\u662f\u8d5a\u53d6\u786c\u901a\u8d27\u7684\u4e3b\u8981\u6765\u6e90\u3002\u4ece2010\u81f32021\u5e74\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u653f\u5e9c\u5411\u5916\u56fd\u501f\u6b3e\u989d\u7531\u5979\u4eec\u56fd\u5bb6GDP\u768419%\u589e\u52a0\u81f329%\uff0c\u800c\u51fa\u53e3\u6240\u5f97\u7684\u5916\u6c47\u7528\u4e8e\u507f\u8fd8\u5916\u503a\u7684\u6bd4\u4f8b\u4ea6\u75313.9%\u589e\u52a0\u81f37.4%\u3002\u82e5\u503a\u52a1\u671f\u95f4\u56fd\u5185\u8d27\u5e01\u5151\u4e3b\u8981\u8d27\u5e01\u8d2c\u503c\uff0c\u8fd8\u6b3e\u7684\u8d1f\u62c5\u4ea6\u968f\u5373\u4e0a\u5347\u3002 \u53d1\u5c55\u4e2d\u56fd\u5bb6\u516c\u503a\u7684\u53e6\u4e00\u4e2a\u8d8b\u52bf\u662f\uff0c\u79c1\u8425\u503a\u6743\u4eba\uff08\u5982\u5546\u4e1a\u94f6\u884c\uff09\u7684\u6bd4\u4f8b\u6108\u6765\u6108\u9ad8\uff0c\u75312010\u5e74\u768447%\u589e\u52a0\u81f32021\u5e74\u768462%\u3002\u76f8\u53cd\uff0c\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\uff08\u5982\u4e16\u754c\u94f6\u884c\uff09\u6240\u5360\u7684\u6bd4\u4f8b\u5219\u51cf\u5c0f\u3002\u79c1\u8425\u503a\u6743\u4eba\u7684\u8d37\u6b3e\u4e3b\u8981\u4ece\u5546\u4e1a\u89d2\u5ea6\u51fa\u53d1\uff0c\u6761\u4ef6\u4e0d\u5982\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\u4ece\u4fc3\u8fdb\u7ecf\u6d4e\u53d1\u5c55\u7684\u89d2\u5ea6\u51fa\u53d1\u822c\u4f18\u60e0\u3002\u6b64\u5916\uff0c\u503a\u6743\u4eba\u7684\u591a\u6837\u6027\u4e5f\u589e\u52a0\u4e86\u6709\u9700\u8981\u65f6\u503a\u52a1\u91cd\u7ec4\u7684\u590d\u6742\u6027\uff0c\u56e0\u800c\u62d6\u957f\u4e86\u8c08\u5224\u7684\u65f6\u95f4\u548c\u589e\u52a0\u4e86\u6b20\u503a\u65b9\u7684\u6210\u672c\u3002\u7b80\u5355\u6765\u8bf4\uff0c\u82e5\u53ea\u6709\u4e00\u4e2a\u503a\u6743\u4eba\uff0c\u901a\u8fc7\u503a\u52a1\u91cd\u7ec4\u63d0\u9ad8\u6b20\u503a\u65b9\u507f\u8fd8\u503a\u52a1\u7684\u80fd\u529b\uff0c\u4f1a\u5168\u6570\u6709\u5229\u4e8e\u8be5\u503a\u6743\u4eba\u3002\u4f46\u82e5\u6709\u591a\u4e2a\u503a\u6743\u4eba\uff0c\u4ed6\u4eec\u90fd\u4e0d\u4f1a\u90a3\u4e48\u613f\u610f\u91cd\u7ec4\u503a\u52a1\uff0c\u56e0\u4e3a\u6b20\u503a\u65b9\u7684\u4ec5\u4f59\u8d44\u91d1\u4f1a\u5148\u8fd8\u7ed9\u90a3\u4e9b\u8ffd\u8ba8\u6700\u79ef\u6781\u7684\u503a\u6743\u4eba\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u79c1\u8425\u503a\u6743\u4eba\u7684\u591a\u6837\u5316\u5bfc\u81f4\u7684\u642d\u4fbf\u8f66\u95ee\u9898\uff0c\u59a8\u788d\u4e86\u503a\u52a1\u91cd\u7ec4\u7684\u8c08\u5224\u3002 \u53e6\u4e00\u4e2a\u95ee\u9898\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u501f\u8d37\u6210\u672c\u8fdc\u9ad8\u4e8e\u5df2\u5f00\u53d1\u56fd\u5bb6\u3002\u7531\u4e8e\u524d\u8005\u7684\u8fdd\u7ea6\u98ce\u9669\u8f83\u9ad8\uff0c\u878d\u8d44\u7684\u6210\u672c\u4e5f\u81ea\u7136\u76f8\u5e94\u4e0a\u5347\uff0c\u7279\u522b\u662f\u5728\u56fd\u9645\u91d1\u878d\u5e02\u573a\u7b79\u96c6\u7684\u8d44\u91d1\u3002\u82e5\u6bd4\u8f83\u4eca\u5e74\u4e0a\u534a\u5e74\u4e0d\u540c\u5730\u533a\u7684\u5341\u5e74\u671f\u653f\u5e9c\u503a\u5238\u6536\u76ca\u7387\uff0c\u975e\u6d32\u3001\u62c9\u4e01\u7f8e\u6d32\u548c\u4e9a\u6d32\u5206\u522b\u662f11.6%\u30017.7%\u548c6.5%\uff0c\u90fd\u5927\u5e45\u9ad8\u4e8e\u7f8e\u56fd\u76843.1%\u548c\u5fb7\u56fd\u76841.5%\u3002\u7136\u800c\uff0c\u8fd9\u4e9b\u6536\u76ca\u7387\u5dee\u522b\u90a3\u4e48\u5927\uff0c\u80fd\u5426\u5168\u7531\u8fdd\u7ea6\u98ce\u9669\u89e3\u91ca\uff0c\u503c\u5f97\u63a2\u8ba8\u3002 \u503a\u52a1\u6108\u591a\u548c\u5229\u7387\u6108\u9ad8\uff0c\u503a\u52a1\u7684\u5229\u606f\u8d1f\u62c5\u5c31\u6108\u91cd\u3002\u53bb\u5e74\u53d1\u5c55\u4e2d\u56fd\u5bb6\u652f\u4ed8\u7684\u5229\u606f\u5c31\u8fbe\u5230GDP\u76841.5%\u6216\u653f\u5e9c\u6536\u5165\u76846.9%\uff0c\u5360\u7528\u4e86\u76f8\u5f53\u7684\u8d22\u653f\u7a7a\u95f4\u3002\u57282010\u81f32021\u5e74\u671f\u95f4\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u5229\u606f\u589e\u5e45\u5c31\u9ad8\u4e8e\u533b\u7597\u6216\u6559\u80b2\u5f00\u652f\u7684\u589e\u5e45\u3002\u8fd9\u60c5\u51b5\u548c\u4e0a\u6587\u63d0\u5230\u7684\u7f8e\u56fd\u76f8\u4f3c\uff0c\u4f46\u53d1\u5c55\u4e2d\u56fd\u5bb6\u4e0d\u80fd\u4ee5\u81ea\u5df1\u7684\u8d27\u5e01\u8fd8\u503a\uff0c\u56e0\u800c\u503a\u52a1\u7684\u53ef\u6301\u7eed\u6027\u53d7\u5230\u76f8\u5f53\u7684\u7ea6\u675f\u3002 \u603b\u503a\u52a1\u5341\u5e74\u8fc5\u589e50% \u5168\u7403\u503a\u52a1\u4f5c\u4e3aGDP\u6bd4\u4f8b\u7684\u4e0a\u5347\uff0c\u9690\u542b\u7740\u4e00\u4e2a\u95ee\u9898\uff0c\u5c31\u662f\u503a\u52a1\u878d\u8d44\u5f97\u6765\u7684\u6b3e\u9879\uff0c\u53ef\u4ee5\u4fc3\u8fdb\u7684\u751f\u4ea7\u6108\u6765\u6108\u5c11\u3002\u6309\u4e16\u754c\u94f6\u884c\u7684\u6570\u636e\u8ba1\u7b97\uff0c1971\u81f32000\u5e74\u671f\u95f4\uff0c\u5168\u7403\u7684\u5e74\u5747\u5b9e\u8d28\u589e\u957f\u7387\u662f3.29%\uff0c\u800c2000\u81f32022\u5e74\u671f\u95f4\u5219\u4e3a2.85%\u3002\u540e22\u5e74\u6bd4\u524d29\u5e74\u516c\u503a\u7684\u53d1\u884c\u91cf\u660e\u663e\u66f4\u591a\u3001\u589e\u957f\u66f4\u5feb\uff0c\u540c\u65f6\u91d1\u878d\u5e02\u573a\u7406\u5e94\u66f4\u6709\u6548\u7387\uff0c\u4f46GDP\u7684\u589e\u957f\u7387\u5374\u6bd4\u8f83\u6162\u3002\u5927\u62b5\u653f\u5e9c\u501f\u6765\u7684\u8d44\u91d1\uff0c\u6bd4\u8f83\u591a\u7528\u5728\u6d88\u8d39\u6027\u800c\u975e\u6295\u8d44\u6027\u7684\u9879\u76ee\uff0c\u53c8\u6216\u7528\u6765\u507f\u8fd8\u65e7\u503a\u5229\u606f\u800c\u975e\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\u3002\u6b64\u5916\uff0c\u57282008\u5e74\u91d1\u878d\u6d77\u5578\u540e\uff0c\u7f8e\u3001\u82f1\u3001\u6b27\u3001\u65e5\u51e0\u5bb6\u4e3b\u8981\u592e\u884c\u7684\u91cf\u5316\u5bbd\u677e\u653f\u7b56\u5e26\u6765\u5341\u591a\u5e74\u7684\u6781\u4f4e\u5229\u7387\u73af\u5883\u3002\u8d44\u91d1\u6210\u672c\u8fd9\u4e48\u4fbf\u5b9c\uff0c\u6bcb\u987b\u5c06\u8d44\u91d1\u6295\u653e\u5230\u7279\u522b\u9ad8\u56de\u62a5\u7684\u9879\u76ee\u4e0a\u4e5f\u6709\u6240\u5f97\uff0c\u6548\u7387\u4e5f\u81ea\u7136\u4e0b\u8dcc\u3002 \u4e0a\u6587\u8ba8\u8bba\u7684\u503a\u52a1\u3001\u5305\u62ec\u603b\u657092\u4e07\u4ebf\u7f8e\u5143\u7684\u90fd\u662f\u653f\u5e9c\u53d1\u884c\u7684\u516c\u503a\u3002\u6309\u56fd\u9645\u91d1\u878d\u534f\u4f1a\uff08Institute of International Finance\uff09\u7684\u62a5\u544a\u3010\u6ce82\u3011\uff0c\u82e5\u5305\u62ec\u4f01\u4e1a\u548c\u4e2a\u4eba\u503a\u52a1\uff0c\u5168\u7403\u603b\u503a\u52a1\u5728\u4eca\u5e74\u4e2d\u8fbe\u5230\u5386\u53f2\u9ad8\u5cf0\u7684307\u4e07\u4ebf\u7f8e\u5143\uff0c\u6bd4\u5341\u5e74\u524d\u8fc5\u901f\u589e\u52a0\u4e86100\u4e07\u4ebf\u7f8e\u5143\u621650%\uff0c\u589e\u5e45\u60ca\u4eba\u3002\u5728\u76ee\u524d\u6709\u591a\u65b9\u9762\u4e0d\u660e\u6717\u7684\u56fd\u9645\u653f\u7ecf\u73af\u5883\u4e2d\uff0c\u8fd9\u4e48\u591a\u548c\u4ecd\u5728\u5feb\u901f\u589e\u957f\u7684\u516c\u503a\u548c\u79c1\u503a\uff0c\u662f\u672a\u6765\u7ecf\u6d4e\u8d70\u52bf\u7684\u4e00\u5927\u5173\u6ce8\u70b9\u3002 \u3010\u6ce81\u3011 https:\/\/unctad .org\/publication\/world-of-debt \u3010\u6ce82\u3011 https:\/\/markets.businessinsider.com\/news\/currencies\/global-debt-record-trillion-developed-economies-gdp-us-banks-iif -2023-9 \u9646\u708e\u8f89\u535a\u58eb \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u8363\u8a89\u526f\u6559\u6388 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u5341\u4e00\u6708\u4e00\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09","og:url":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/opinions-and-speeches\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\/","article:published_time":"2023-11-03T01:56:33+00:00","article:modified_time":"2023-11-03T08:24:03+00:00","twitter:card":"summary_large_image","twitter:title":"\u503a\u52a1\u91cd\u91cd\u7684\u5168\u7403\u7ecf\u6d4e - HKU Business School","twitter:description":"\u4e00\u661f\u671f\u524d\uff0c\u4eba\u5927\u5e38\u59d4\u4f1a\u6279\u51c6\u4e86\u56fd\u52a1\u9662\u589e\u53d1\u4e00\u4e07\u4ebf\u5143\u4eba\u6c11\u5e01\u7684\u7279\u522b\u56fd\u503a\uff0c\u6240\u5f97\u6b3e\u9879\u4e8e\u4eca\u5e74\u53ca\u660e\u5e74\u5168\u90e8\u8f6c\u79fb\u7ed9\u5730\u65b9\u653f\u5e9c\uff0c\u4f5c\u4e3a\u5404\u5730\u5728\u81ea\u7136\u707e\u5bb3\u540e\u7684\u91cd\u5efa\u53ca\u9632\u707e\u5de5\u7a0b\u4e4b\u7528\u3002\u6709\u5173\u63aa\u65bd\u867d\u7136\u9488\u5bf9\u81ea\u7136\u707e\u5bb3\uff0c\u4e5f\u4f1a\u5728\u5f53\u524d\u7ecf\u6d4e\u590d\u82cf\u65f6\u8d77\u5230\u63a8\u8fdb\u4f5c\u7528\uff0c\u4f53\u73b0\u51fa\u8f83\u4e3a\u79ef\u6781\u7684\u8d22\u653f\u653f\u7b56\uff0c\u540c\u65f6\u4e5f\u53cd\u6620\u51fa\u5730\u65b9\u653f\u5e9c\u7684\u6349\u895f\u89c1\u8098\uff0c\u9700\u8981\u4e2d\u592e\u653f\u5e9c\u7684\u5e2e\u52a9\u3002\u867d\u7136\u4e00\u4e07\u4ebf\u5143\u662f\u4e2a\u5e9e\u5927\u6570\u76ee\uff0c\u4f46\u4e2d\u56fd\u7684\u56fd\u503a\u89c4\u6a21\u4e0d\u5927\uff0c\u7ea6\u4e3aGDP\u768420%\uff0c\u5e94\u4e0d\u4f1a\u9020\u6210\u5f88\u5927\u7684\u8d1f\u62c5\u3002\u81f3\u4e8e\u4eba\u6c11\u94f6\u884c\u4f1a\u5426\u653e\u5bbd\u6d41\u52a8\u6027\u5e2e\u5fd9\u878d\u8d44\uff0c\u987b\u5f85\u89c2\u5bdf\uff0c\u6bd5\u7adf\u4e5f\u8981\u8003\u8651\u4eba\u6c11\u5e01\u6c47\u7387\u7684\u5f31\u52bf\u3002 \u653f\u5e9c\u4ee5\u53d1\u503a\u878d\u8d44\u6765\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\uff0c\u662f\u53f8\u7a7a\u89c1\u60ef\u7684\u4f8b\u884c\u516c\u4e8b\u3002\u4f46\u503a\u52a1\u662f\u628a\u53cc\u5203\u5251\uff0c\u9002\u5f53\u7684\u53d1\u503a\u89c4\u6a21\u548c\u6240\u5f97\u8d44\u91d1\u7684\u6709\u6548\u8fd0\u7528\uff0c\u53ef\u4ee5\u5e26\u6765\u66f4\u591a\u66f4\u65e9\u7684\u751f\u4ea7\u548c\u6d88\u8d39\uff0c\u800c\u9519\u8bef\u7684\u8d44\u91d1\u6295\u653e\uff0c\u7279\u522b\u5728\u8fc7\u5ea6\u53d1\u503a\u7684\u60c5\u51b5\u4e0b\uff0c\u4e0d\u5355\u6d6a\u8d39\u8d44\u6e90\uff0c\u4ea6\u4f1a\u6210\u4e3a\u5c06\u6765\u7684\u8d1f\u7d2f\u3002\u73af\u987e\u5168\u7403\u7ecf\u6d4e\uff0c\u65e0\u8bba\u662f\u503a\u52a1\u603b\u989d\u6216\u4f5c\u4e3aGDP\u7684\u6bd4\u4f8b\uff0c\u5728\u8fc7\u53bb\u5341\u591a\u4e8c\u5341\u5e74\u90fd\u6709\u8fc5\u901f\u4e0a\u5347\u7684\u8d8b\u52bf\uff0c\u5728\u5168\u7403\u7ecf\u6d4e\u53d1\u5c55\u7684\u524d\u666f\u4e2d\u6295\u4e0b\u4e00\u4e2a\u9634\u5f71\u3002 \u7f8e\u987b\u53d1\u66f4\u591a\u65b0\u503a\u8fd8\u606f \u6839\u636e\u8054\u5408\u56fd\u7684\u8d44\u6599\u3010\u6ce81\u3011\uff0c\u5168\u7403\u5404\u653f\u5e9c\u53d1\u884c\u7684\u3001\u5305\u62ec\u5bf9\u5185\u548c\u5bf9\u5916\u7684\u516c\u503a\uff0c\u57282022\u5e74\u8fbe\u523092\u4e07\u4ebf\u7f8e\u5143\uff0c\u662f2000\u5e7417\u4e07\u4ebf\u7f8e\u5143\u76845\u500d\u591a\uff0c\u800c2022\u5e74\u7684\u5168\u7403GDP\u53ea\u662f2000\u5e74\u76843\u500d\uff0c\u5373\u516c\u503a\u5bf9GDP\u7684\u6bd4\u4f8b\u4e0a\u5347\u4e86\u4e09\u5206\u4e4b\u4e8c\u3002 92\u4e07\u4ebf\u7f8e\u5143\u516c\u503a\u4e2d\uff0c\u7531\u5df2\u5f00\u53d1\u56fd\u5bb6\u548c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53d1\u884c\u7684\u6bd4\u4f8b\u5206\u522b\u4e3a70%\u548c30%\u3002\u4f17\u6240\u5468\u77e5\uff0c\u7f8e\u56fd\u53d1\u884c\u7684\u516c\u503a\u6700\u591a\uff0c\u5360\u5168\u7403\u516c\u503a\u768434%\uff0c\u5bf9\u5168\u7403\u7684\u5f71\u54cd\u4ea6\u6700\u4e3a\u76f4\u63a5\u548c\u6df1\u8fdc\u3002 \u51ed\u7740\u7f8e\u5143\u7684\u56fd\u9645\u5730\u4f4d\uff0c\u7f8e\u56fd\u653f\u5e9c\u53ef\u4ee5\u6063\u610f\u5730\u6b20\u503a\u7d2f\u7d2f\uff0c\u5230\u4eca\u5e74\u4e2d\u5df2\u8d85\u8fc732\u4e07\u4ebf\u7f8e\u5143\uff0c\u4e3aGDP\u7684120%\u3002\u6839\u636e\u7f8e\u56fd\u56fd\u4f1a\u9884\u7b97\u529e\u516c\u5ba4\uff08U.S. Congressional Budget Office\uff09\u4eca\u5e746\u6708\u53d1\u8868\u7684\u62a5\u544a\uff0c\u8054\u90a6\u653f\u5e9c\u7684\u8d22\u653f\u8d64\u5b57\u4f1a\u75312023\u5e74\u5360GDP\u76845.8%\u6301\u7eed\u589e\u52a0\u81f32053\u5e74\u5360GDP\u768410%\uff0c\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6709\u8da3\u7684\u662f\uff0c\u589e\u52a0\u7684\u767e\u5206\u70b9\u5dee\u4e0d\u591a\u5168\u90e8\u6765\u81ea\u5229\u606f\u652f\u51fa\u3002\u7f8e\u56fd\u8054\u90a6\u653f\u5e9c\u4eca\u5e74\u652f\u4ed8\u7684\u5229\u606f\u662fGDP\u76842.5%\uff0c\u4f30\u8ba1\u52302053\u5e74\u662f\u5f53\u65f6GDP\u76846.7%\uff0c\u4e5f\u662f\u589e\u52a04.2\u4e2a\u767e\u5206\u70b9\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c \u7f8e\u56fd\u653f\u5e9c\u8981\u53d1\u6108\u6765\u6108\u591a\u7684\u65b0\u503a\u6765\u5e94\u4ed8\u6108\u6765\u6108\u591a\u7684\u5229\u606f\u652f\u51fa\u3002\u56fd\u503a\u6392\u6324\u4e86\u79c1\u8425\u90e8\u95e8\u7684\u6d3b\u52a8\uff0c\u4f46\u5374\u5e76\u975e\u7528\u5728\u6709\u5efa\u8bbe\u6027\u7684\u9879\u76ee\u4e0a\uff0c\u5bf9\u7ecf\u6d4e\u81ea\u7136\u662f\u5f0a\u591a\u5229\u5c11\u3002\u540c\u65f6\uff0c\u7f8e\u56fd\u653f\u5e9c\u7684\u53d1\u503a\u4f1a\u5e26\u52a8\u5168\u7403\u5229\u7387\u4e0a\u5347\uff0c\u5bfc\u81f4\u5176\u4ed6\u5730\u533a\u7684\u7ecf\u6d4e\u53ca\u503a\u52a1\u56f0\u96be\u3002 \u9664\u4e86\u7f8e\u56fd\u5916\uff0c\u597d\u4e9b\u5df2\u5f00\u53d1\u56fd\u5bb6\u7684\u516c\u503a\u5360GDP\u6bd4\u4f8b\u4e5f\u5f88\u9ad8\u3002\u6700\u660e\u663e\u7684\u662f\u65e5\u672c\uff0c\u7ea6\u4e3a260%\uff0c\u4f46\u65e5\u672c\u7684\u50a8\u84c4\u7387\u8fdc\u9ad8\u4e8e\u7f8e\u56fd\uff0c\u800c\u65e5\u672c\u7684\u91d1\u878d\u5e02\u573a\u76f8\u5f53\u5185\u5411\uff0c\u5bf9\u5168\u7403\u7ecf\u6d4e\u7684\u5f71\u54cd\u5e94\u4e0d\u4f1a\u5f88\u5927\u3002\u6b64\u5916\uff0c\u6b27\u6d32\u7684\u5e0c\u814a\u3001\u610f\u5927\u5229\u3001\u6cd5\u56fd\u548c\u82f1\u56fd\u90fd\u6709\u76f8\u5f53\u89c4\u6a21\u7684\u516c\u503a\u3002\u5728\u76ee\u524d\u4fc4\u4e4c\u6218\u4e89\u548c\u4e2d\u4e1c\u5371\u673a\u7684\u5f71\u54cd\u4e0b\uff0c\u6b27\u6d32\u7ecf\u6d4e\u9762\u5bf9\u591a\u65b9\u9762\u7684\u56f0\u96be\uff0c\u8fc7\u91cd\u7684\u503a\u52a1\u81ea\u7136\u662f\u4e2a\u60f3\u6254\u6389\u7684\u5305\u88b1\u3002 \u548c\u5df2\u5f00\u53d1\u56fd\u5bb6\u6bd4\u8f83\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u6f14\u53d8\u76f8\u5bf9\u6765\u8bf4\u66f4\u503c\u5f97\u5173\u6ce8\u3002\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u589e\u52a0\uff0c\u4e0d\u96be\u7406\u89e3\u3002\u5979\u4eec\u7684\u653f\u5e9c\u57fa\u4e8e\u4f4e\u751f\u4ea7\u6c34\u5e73\u7684\u7a0e\u52a1\u6536\u5165\uff0c\u81ea\u7136\u4e0d\u8db3\u4ee5\u5e94\u4ed8\u5373\u4f7f\u6700\u57fa\u672c\u7684\u6c11\u751f\u53ca\u5efa\u8bbe\u5f00\u652f\uff0c\u66f4\u9051\u8bba\u5e94\u4ed8\u65b0\u51a0\u75ab\u60c5\u548c\u6c14\u5019\u53d8\u5316\u7684\u8d39\u7528\u3002\u57282011\u5e74\uff0c\u516c\u503a\u9ad8\u4e8eGDP 60%\u7684\u53d1\u5c55\u4e2d\u56fd\u5bb6\u53ea\u670922\u4e2a\uff0c\u52302022\u5e74\u5df2\u8fc5\u901f\u589e\u52a0\u81f359\u4e2a\u3002\u6b64\u5916\uff0c\u5f53\u524d\u7684\u56fd\u9645\u91d1\u878d\u67b6\u6784\u4ea6\u9020\u6210\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u503a\u52a1\u56f0\u96be\u3002 \u9996\u5148\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u3001\u7279\u522b\u662f\u4f4e\u6536\u5165\u56fd\u5bb6\u5e76\u4e0d\u5bcc\u88d5\uff0c\u56fd\u5185\u6ca1\u6709\u8db3\u591f\u7684\u8d44\u91d1\uff0c\u81ea\u7136\u8981\u5411\u56fd\u5916\u4e3e\u503a\u3002\u4f46\u5728\u56fd\u9645\u5e02\u573a\u4e0a\u4e3e\u503a\uff0c\u503a\u52a1\u81ea\u7136\u4ee5\u7f8e\u5143\u6216\u6b27\u7f57\u7b49\u786c\u901a\u8d27\u8ba1\u7b97\uff0c\u4ea6\u9700\u8981\u4ee5\u540c\u6837\u7684\u8d27\u5e01\u507f\u8fd8\uff0c\u800c\u51fa\u53e3\u662f\u8d5a\u53d6\u786c\u901a\u8d27\u7684\u4e3b\u8981\u6765\u6e90\u3002\u4ece2010\u81f32021\u5e74\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u653f\u5e9c\u5411\u5916\u56fd\u501f\u6b3e\u989d\u7531\u5979\u4eec\u56fd\u5bb6GDP\u768419%\u589e\u52a0\u81f329%\uff0c\u800c\u51fa\u53e3\u6240\u5f97\u7684\u5916\u6c47\u7528\u4e8e\u507f\u8fd8\u5916\u503a\u7684\u6bd4\u4f8b\u4ea6\u75313.9%\u589e\u52a0\u81f37.4%\u3002\u82e5\u503a\u52a1\u671f\u95f4\u56fd\u5185\u8d27\u5e01\u5151\u4e3b\u8981\u8d27\u5e01\u8d2c\u503c\uff0c\u8fd8\u6b3e\u7684\u8d1f\u62c5\u4ea6\u968f\u5373\u4e0a\u5347\u3002 \u53d1\u5c55\u4e2d\u56fd\u5bb6\u516c\u503a\u7684\u53e6\u4e00\u4e2a\u8d8b\u52bf\u662f\uff0c\u79c1\u8425\u503a\u6743\u4eba\uff08\u5982\u5546\u4e1a\u94f6\u884c\uff09\u7684\u6bd4\u4f8b\u6108\u6765\u6108\u9ad8\uff0c\u75312010\u5e74\u768447%\u589e\u52a0\u81f32021\u5e74\u768462%\u3002\u76f8\u53cd\uff0c\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\uff08\u5982\u4e16\u754c\u94f6\u884c\uff09\u6240\u5360\u7684\u6bd4\u4f8b\u5219\u51cf\u5c0f\u3002\u79c1\u8425\u503a\u6743\u4eba\u7684\u8d37\u6b3e\u4e3b\u8981\u4ece\u5546\u4e1a\u89d2\u5ea6\u51fa\u53d1\uff0c\u6761\u4ef6\u4e0d\u5982\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\u4ece\u4fc3\u8fdb\u7ecf\u6d4e\u53d1\u5c55\u7684\u89d2\u5ea6\u51fa\u53d1\u822c\u4f18\u60e0\u3002\u6b64\u5916\uff0c\u503a\u6743\u4eba\u7684\u591a\u6837\u6027\u4e5f\u589e\u52a0\u4e86\u6709\u9700\u8981\u65f6\u503a\u52a1\u91cd\u7ec4\u7684\u590d\u6742\u6027\uff0c\u56e0\u800c\u62d6\u957f\u4e86\u8c08\u5224\u7684\u65f6\u95f4\u548c\u589e\u52a0\u4e86\u6b20\u503a\u65b9\u7684\u6210\u672c\u3002\u7b80\u5355\u6765\u8bf4\uff0c\u82e5\u53ea\u6709\u4e00\u4e2a\u503a\u6743\u4eba\uff0c\u901a\u8fc7\u503a\u52a1\u91cd\u7ec4\u63d0\u9ad8\u6b20\u503a\u65b9\u507f\u8fd8\u503a\u52a1\u7684\u80fd\u529b\uff0c\u4f1a\u5168\u6570\u6709\u5229\u4e8e\u8be5\u503a\u6743\u4eba\u3002\u4f46\u82e5\u6709\u591a\u4e2a\u503a\u6743\u4eba\uff0c\u4ed6\u4eec\u90fd\u4e0d\u4f1a\u90a3\u4e48\u613f\u610f\u91cd\u7ec4\u503a\u52a1\uff0c\u56e0\u4e3a\u6b20\u503a\u65b9\u7684\u4ec5\u4f59\u8d44\u91d1\u4f1a\u5148\u8fd8\u7ed9\u90a3\u4e9b\u8ffd\u8ba8\u6700\u79ef\u6781\u7684\u503a\u6743\u4eba\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u79c1\u8425\u503a\u6743\u4eba\u7684\u591a\u6837\u5316\u5bfc\u81f4\u7684\u642d\u4fbf\u8f66\u95ee\u9898\uff0c\u59a8\u788d\u4e86\u503a\u52a1\u91cd\u7ec4\u7684\u8c08\u5224\u3002 \u53e6\u4e00\u4e2a\u95ee\u9898\u662f\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u501f\u8d37\u6210\u672c\u8fdc\u9ad8\u4e8e\u5df2\u5f00\u53d1\u56fd\u5bb6\u3002\u7531\u4e8e\u524d\u8005\u7684\u8fdd\u7ea6\u98ce\u9669\u8f83\u9ad8\uff0c\u878d\u8d44\u7684\u6210\u672c\u4e5f\u81ea\u7136\u76f8\u5e94\u4e0a\u5347\uff0c\u7279\u522b\u662f\u5728\u56fd\u9645\u91d1\u878d\u5e02\u573a\u7b79\u96c6\u7684\u8d44\u91d1\u3002\u82e5\u6bd4\u8f83\u4eca\u5e74\u4e0a\u534a\u5e74\u4e0d\u540c\u5730\u533a\u7684\u5341\u5e74\u671f\u653f\u5e9c\u503a\u5238\u6536\u76ca\u7387\uff0c\u975e\u6d32\u3001\u62c9\u4e01\u7f8e\u6d32\u548c\u4e9a\u6d32\u5206\u522b\u662f11.6%\u30017.7%\u548c6.5%\uff0c\u90fd\u5927\u5e45\u9ad8\u4e8e\u7f8e\u56fd\u76843.1%\u548c\u5fb7\u56fd\u76841.5%\u3002\u7136\u800c\uff0c\u8fd9\u4e9b\u6536\u76ca\u7387\u5dee\u522b\u90a3\u4e48\u5927\uff0c\u80fd\u5426\u5168\u7531\u8fdd\u7ea6\u98ce\u9669\u89e3\u91ca\uff0c\u503c\u5f97\u63a2\u8ba8\u3002 \u503a\u52a1\u6108\u591a\u548c\u5229\u7387\u6108\u9ad8\uff0c\u503a\u52a1\u7684\u5229\u606f\u8d1f\u62c5\u5c31\u6108\u91cd\u3002\u53bb\u5e74\u53d1\u5c55\u4e2d\u56fd\u5bb6\u652f\u4ed8\u7684\u5229\u606f\u5c31\u8fbe\u5230GDP\u76841.5%\u6216\u653f\u5e9c\u6536\u5165\u76846.9%\uff0c\u5360\u7528\u4e86\u76f8\u5f53\u7684\u8d22\u653f\u7a7a\u95f4\u3002\u57282010\u81f32021\u5e74\u671f\u95f4\uff0c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u5229\u606f\u589e\u5e45\u5c31\u9ad8\u4e8e\u533b\u7597\u6216\u6559\u80b2\u5f00\u652f\u7684\u589e\u5e45\u3002\u8fd9\u60c5\u51b5\u548c\u4e0a\u6587\u63d0\u5230\u7684\u7f8e\u56fd\u76f8\u4f3c\uff0c\u4f46\u53d1\u5c55\u4e2d\u56fd\u5bb6\u4e0d\u80fd\u4ee5\u81ea\u5df1\u7684\u8d27\u5e01\u8fd8\u503a\uff0c\u56e0\u800c\u503a\u52a1\u7684\u53ef\u6301\u7eed\u6027\u53d7\u5230\u76f8\u5f53\u7684\u7ea6\u675f\u3002 \u603b\u503a\u52a1\u5341\u5e74\u8fc5\u589e50% \u5168\u7403\u503a\u52a1\u4f5c\u4e3aGDP\u6bd4\u4f8b\u7684\u4e0a\u5347\uff0c\u9690\u542b\u7740\u4e00\u4e2a\u95ee\u9898\uff0c\u5c31\u662f\u503a\u52a1\u878d\u8d44\u5f97\u6765\u7684\u6b3e\u9879\uff0c\u53ef\u4ee5\u4fc3\u8fdb\u7684\u751f\u4ea7\u6108\u6765\u6108\u5c11\u3002\u6309\u4e16\u754c\u94f6\u884c\u7684\u6570\u636e\u8ba1\u7b97\uff0c1971\u81f32000\u5e74\u671f\u95f4\uff0c\u5168\u7403\u7684\u5e74\u5747\u5b9e\u8d28\u589e\u957f\u7387\u662f3.29%\uff0c\u800c2000\u81f32022\u5e74\u671f\u95f4\u5219\u4e3a2.85%\u3002\u540e22\u5e74\u6bd4\u524d29\u5e74\u516c\u503a\u7684\u53d1\u884c\u91cf\u660e\u663e\u66f4\u591a\u3001\u589e\u957f\u66f4\u5feb\uff0c\u540c\u65f6\u91d1\u878d\u5e02\u573a\u7406\u5e94\u66f4\u6709\u6548\u7387\uff0c\u4f46GDP\u7684\u589e\u957f\u7387\u5374\u6bd4\u8f83\u6162\u3002\u5927\u62b5\u653f\u5e9c\u501f\u6765\u7684\u8d44\u91d1\uff0c\u6bd4\u8f83\u591a\u7528\u5728\u6d88\u8d39\u6027\u800c\u975e\u6295\u8d44\u6027\u7684\u9879\u76ee\uff0c\u53c8\u6216\u7528\u6765\u507f\u8fd8\u65e7\u503a\u5229\u606f\u800c\u975e\u5e26\u52a8\u7ecf\u6d4e\u6d3b\u52a8\u3002\u6b64\u5916\uff0c\u57282008\u5e74\u91d1\u878d\u6d77\u5578\u540e\uff0c\u7f8e\u3001\u82f1\u3001\u6b27\u3001\u65e5\u51e0\u5bb6\u4e3b\u8981\u592e\u884c\u7684\u91cf\u5316\u5bbd\u677e\u653f\u7b56\u5e26\u6765\u5341\u591a\u5e74\u7684\u6781\u4f4e\u5229\u7387\u73af\u5883\u3002\u8d44\u91d1\u6210\u672c\u8fd9\u4e48\u4fbf\u5b9c\uff0c\u6bcb\u987b\u5c06\u8d44\u91d1\u6295\u653e\u5230\u7279\u522b\u9ad8\u56de\u62a5\u7684\u9879\u76ee\u4e0a\u4e5f\u6709\u6240\u5f97\uff0c\u6548\u7387\u4e5f\u81ea\u7136\u4e0b\u8dcc\u3002 \u4e0a\u6587\u8ba8\u8bba\u7684\u503a\u52a1\u3001\u5305\u62ec\u603b\u657092\u4e07\u4ebf\u7f8e\u5143\u7684\u90fd\u662f\u653f\u5e9c\u53d1\u884c\u7684\u516c\u503a\u3002\u6309\u56fd\u9645\u91d1\u878d\u534f\u4f1a\uff08Institute of International Finance\uff09\u7684\u62a5\u544a\u3010\u6ce82\u3011\uff0c\u82e5\u5305\u62ec\u4f01\u4e1a\u548c\u4e2a\u4eba\u503a\u52a1\uff0c\u5168\u7403\u603b\u503a\u52a1\u5728\u4eca\u5e74\u4e2d\u8fbe\u5230\u5386\u53f2\u9ad8\u5cf0\u7684307\u4e07\u4ebf\u7f8e\u5143\uff0c\u6bd4\u5341\u5e74\u524d\u8fc5\u901f\u589e\u52a0\u4e86100\u4e07\u4ebf\u7f8e\u5143\u621650%\uff0c\u589e\u5e45\u60ca\u4eba\u3002\u5728\u76ee\u524d\u6709\u591a\u65b9\u9762\u4e0d\u660e\u6717\u7684\u56fd\u9645\u653f\u7ecf\u73af\u5883\u4e2d\uff0c\u8fd9\u4e48\u591a\u548c\u4ecd\u5728\u5feb\u901f\u589e\u957f\u7684\u516c\u503a\u548c\u79c1\u503a\uff0c\u662f\u672a\u6765\u7ecf\u6d4e\u8d70\u52bf\u7684\u4e00\u5927\u5173\u6ce8\u70b9\u3002 \u3010\u6ce81\u3011 https:\/\/unctad .org\/publication\/world-of-debt \u3010\u6ce82\u3011 https:\/\/markets.businessinsider.com\/news\/currencies\/global-debt-record-trillion-developed-economies-gdp-us-banks-iif -2023-9 \u9646\u708e\u8f89\u535a\u58eb \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u8363\u8a89\u526f\u6559\u6388 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u5341\u4e00\u6708\u4e00\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09"},"aioseo_meta_data":{"post_id":"201025","title":null,"description":null,"keywords":[],"keyphrases":{"focus":{"keyphrase":"","score":0,"analysis":{"keyphraseInTitle":{"score":0,"maxScore":9,"error":1}}},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":[],"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"WebPage","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"breadcrumb_settings":null,"limit_modified_date":0,"ai":null,"created":"2023-11-03 01:55:06","updated":"2023-11-11 20:47:06","seo_analyzer_scan_date":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.hkubs.hku.hk\/sc\/\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.hkubs.hku.hk\/sc\/thought-leadership\/opinions-and-speeches-sc\/\" title=\"\u5a92\u4f53\u62a5\u5bfc\">\u5a92\u4f53\u62a5\u5bfc<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t\u503a\u52a1\u91cd\u91cd\u7684\u5168\u7403\u7ecf\u6d4e\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.hkubs.hku.hk\/sc\/"},{"label":"\u5a92\u4f53\u62a5\u5bfc","link":"https:\/\/www.hkubs.hku.hk\/sc\/thought-leadership\/opinions-and-speeches-sc\/"},{"label":"\u503a\u52a1\u91cd\u91cd\u7684\u5168\u7403\u7ecf\u6d4e","link":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/opinions-and-speeches\/%e5%80%ba%e5%8a%a1%e9%87%8d%e9%87%8d%e7%9a%84%e5%85%a8%e7%90%83%e7%bb%8f%e6%b5%8e\/"}],"_links":{"self":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/thought-leadership\/201025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/thought-leadership"}],"about":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/types\/thought-leadership"}],"version-history":[{"count":4,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/thought-leadership\/201025\/revisions"}],"predecessor-version":[{"id":201109,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/thought-leadership\/201025\/revisions\/201109"}],"wp:attachment":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/media?parent=201025"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/tags?post=201025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}