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܆݂ࠦԫ










                     ڌତ௰λٙ਷࢕d࣬ኽ༟
                     ࣘᜑͪdΙܓ8˜ʈุ͛ପ
                     ϋᄣଟ༺6.4Ĉdމ3ϋԸ

                     ௰৷˥๟dIMFۆཫ಻Ιܓ
                     2016ϋ຾᏶ϓڗଟމ7.5
                     Ĉd݊Όଢ຾᏶ϓڗଟ௰৷
                     ਷࢕fᜑ್ίΌଢ຾᏶ᇠӉ                 ’
                     ۃආɨd࢝ૐ͊Ըd؇՘e                Smart ౽
                     Ιܓʿʕ਷ɽ௔ʥܵᚃҲစ                 బ “
                                                  ˜
                     อጳ਷࢕ʕ຾᏶ϓڗၾᖢ֛                 ̊
                                                  ౤
                                                  Զ
                     ږፄ̹ఙࠠࠅٙԉЍf
                                                  อጳ̹ఙۃ౻ఘᅊdࢵਗ਼࿁Όଢ຾᏶ڌତၾږፄ̹ఙʘτ֛੭Ըࠬᎈfνڶᖯ౶຾᏶ଉաذᄆɨൻʘ߮d
                                                  ࠃ͛ʔˇږፄਪᕚf
                        對台灣金融市場影響:
                        投資新興市場占GDP20%,留意風險                            圖)dՉʕГफ˫̕GDPٙ45Ĉމୋɓdୋɚ
                                                                      މ̕GDPʘ30ĈՑ35Ĉٙߵ਷dϾ̨ᝄۆ݊̕
                       อጳ̹ఙٙ຾᏶ۃ౻ఘᅊdʔසላᏘٰୃ̹ఙ                           GDPʘ20ĈމୋɧfЪ٫౤፴dν؈อጳ̹ఙ਷
                     ̶ɽتਗၾ஬࿆൰࠽dிϓҳ༟ɛ࿁อጳ̹ఙఄ                            ࢕຾᏶ᘱᚃెʷd̨ᝄࢵ஗જɝږፄΚዚʘʕf
                     ̰ڦːd̋ɪߕ਷ᑌ๟ึ(Fed)๟௪ʺࢹd༟ږ                          ̤̮dৰə΃፠ࡡيࣘ̈ɹٙอጳ̹ఙ਷࢕d̈
                     ੽อጳ̹ఙݴΣߕ਷ʿᆄݲ̹ఙd̈ତІ1988                           ɹɽషসৗ̮dІʦϋ˸Ըԭݲ਷࢕̈ɹޫяତ

                     ϋ˸Ը࠯ϣٙ༟ږଋݴ̈f࣬ኽ਷ყږፄ՘ึ                             ࠋϓڗϋᄣଟd̨ܼ̍ᝄeᒵ਷eอ̋սၾ˚͉
                     (IIF)ཫ಻d2015ϋ̮༟ݴɝอጳ̹ఙٙᐼږ                         ഃ਷d޴༰׵̘ϋΝಂd఻˷ேসৗ1ϓ˸ɪf
                     ᕘࠥЇ5,480ᄂߕʩdˢ2008ϋږፄऎᄟಂග                         ˈՉҢ਷˸̮൱ͭ਷dϤᙆৃ̀඲̋˸ᗫءf
                     ᒔЭd̤ɓ˙ࠦۆПࠇอጳ̹ఙ༟ږݴ̈൴ཀ1                              ࠦ࿁̮༟סਯ̮ිπֵdอጳ̹ఙ༟ږ̮ݴd
                     Ίߕʩd޴༰׵2014ϋᒔϞ320ᄂߕʩٙଋݴ
                     ɝdПࠇ2015ϋˀϾଋݴ̈ٙᐼږᕘߒ5,400ᄂ
                                                                      €ྡ΢਷ვБίอጳ̹ఙҳ༟̕GDPˢࠠ
                     ߕʩdிϓอጳ਷࢕ږፄ̹ఙɽ̰Аf၇၇༦൥

                     ᜫ਷ყ஬࿆ਿږe਷ყږፄ՘ึe਷ყ૶ၑვБ                                Гफ˫
                                                                           ߵ਷
                     (BISe˰ޢვБ(World Bank)ഃዚ࿴ॸॸ࿁                          ̨ᝄ
                                                                           Ҏᖳ
                     อጳ̹ఙɓᙃу೯ٙږፄΚዚ౤̈ᙆѓf                                    ˚͉
                                                                           ج਷
                       Ͼ࣬ኽు௹ਖ਼ᙷЪ࢕Mark Whitehouseί                           ዦݲ
                                                                          ෳήл
                     ”Who Stands to Lose in Emerging Markets•              ᅃ਷
                                                                           ஃᚆ
                     ɓ˖ܸ̈dอጳ̹ఙ݊щމ༈਷੭Ըږፄࠬᎈd                                 ߕ਷
                     ̙˸࣬ኽ༈਷ٙვБ࿁อጳ̹ఙҳ༟೯Бٙව                                      0   5   10   15   20   25   30   35   40   45 Ĉ
                                                                        ༟ࣘԸ๕jు௹ᝈᓃdhttp://www.bloombergview.com/
                     Վeࠃ͛׌ږፄਠۜ̕GDPٙˢଟԸፅඎ(詳見                             articles/2015-08-24/spain-u-k-taiwan-stand-to-lose-in-emerging-markets




               62    ̨ᝄვБ࢕2015.12˜໮








                  JOEE                                                                                                          ɨʹ
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