Social Backlash?
backlash: n. 反斜线，1. a movement back from an impact，2. an adverse reaction to some political or social occurrence
Chetan Modi, head of Moody's India, says the increasingly high cost of doing business in India may force global investors who had set up base in India—especially financial-services players—to move to more affordable and efficient hubs, such as Singapore and Hong Kong. If the economy slows and inflation continues to accelerate, says Sherman Chan, economist at Moody's Economy.com, "social unrest is possible."
In fact, India is becoming a dangerous social cauldron. The wealth harvested by the reforms of previous governments has made itself evident in the luxury cars and apartments in India's big cities, leaving much of India full of aspirations but few means to achieve them. There is a severe shortage of colleges, yet a plan to build 1,500 universities gathers dust. The Communists in the ruling coalition are against both globalization and industrialization, so without new factories being built, employment growth has been almost stagnant, rising to just 2%—a disappointing rate in a country where an estimated 14 million youths enter the workforce every year, but just 1 million get jobs in the regulated, above-ground economy.
aspirations: n. 愿望
gathers: n. 衣褶
stagnant: a. 不流动的,不景气的
Meanwhile, few expect any bold moves New Delhi, especially with national elections due in 2009 and five important state elections scheduled before the end of this year. Thus far, the ruling Congress party's record has been poor; it has lost almost every state election this year and is likely to lose all five of the upcoming ones.
upcoming: a. 即将来临的,预定将要
The big hope for a return to the course of reform in India, businessmen hope, will be a new government in New Delhi next year. The gravest danger is that India's messy coalition politics will bring into power another indecisive alliance that will keep the country in policy limbo for another five years. If so, says S&P's Gokarn, it's a meltdown scenario: growth slipping below 6.5%, accelerating the chances of India reverting to its 1991 status when it was plunged into a balance-of-payments crisis.
indecisive: a. 非决定性的,犹豫不决的
meltdown: n. 熔化
scenario: n. 情节,剧本
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[hide][/hide]作者: cecilylala 时间: 08-8-14 14:24
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谢谢楼主发帖[s:9]作者: whwyjs 时间: 08-8-16 11:11
plunged into ?
The gravest danger is that India\'s messy coalition politics will bring into power another indecisive alliance that will keep the country in policy limbo for another five years.
这一句怎么翻译？
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