易混淆的单词： GLUTs

A plausible presumption is that practical politicians would try to protect their constituents from global gluts .

一个合理的假设，讲求实际的政治家会尽力保护其选民不受全球供过于求的影响。

What have been the consequences of the emergence of savings gluts concentrated so heavily in a relatively small group of countries ?

储蓄过剩如此集中出现在相对较少的国家，将会产生什么样的后果呢？

Initially justifying handouts by reference to big start-up costs and increasing returns to scale , such sectors went on to become symbols of national economic virility and self-sufficiency but frequently ended up with global overcapacity , production gluts , falling output prices and trade disputes .

最初，这些行业会以高昂的启动成本和规模收益递增效应，作为证明政府补贴合理性的理由，接下来这些领域通常会成为国家经济实力以及经济自足性的象征，但最终常常难逃全球产能过剩、供过于求、产出价格下降以及贸易争端的后果。

Yet there is also a shorter-term explanation for the explosive recent growth in finance : today 's global savings and liquidity gluts .

解释金融资产近年的爆炸性增长，也有一个较为短期的理由：目前全球储蓄和流动性过剩。