[名词解释] Allocation of resources

1、[名词解释]deregulation

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2、[主观题]【翻译】Administration officials see little risk that this more aggressive policy could escalate into a full-fledged trade war that would shock the world's fragile economies.Thus，the administration will not be deterred by complaints that it has moved to"protectionism."

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3、[主观题]【翻译】The major risk facing this highly trade-oriented region is the potential for sluggishness or disruption in world-trade flows.Economic weakness in some of the region's traditional export markets has underlined the importance of market diversification，including a further strengthening of ties within the region.Increasingly buoyant intraregional trade in East Asia may be viewed as evidence of an ongoing process of“market-oriented”regional integration，a development that could partially offset lackluster progress in the area of multilateral trade agreements.

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4、[主观题]【翻译】The strongest signal came last week，when Mickey Kanter，the U.S.trade representative，moved quickly to cite the 12-nation European Community for“intolerable”discrimination against U.S.companies seeking government contracts within the community.The administration will begin retaliating in six weeks if EC policies remain unchanged.

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5、[主观题]【翻译】A farfetched prediction？The new American administration doesn't think so.Bill Clinton has appointed China hands to top Asia posts at the state and Treasury departments.When critics called the appointments a slight to Japan，the leading Pacific economic power，U.S.Deputy Treasury Secretary Roger Altman explained the administration's reasoning：by early in the next century，he said，China may replace Japan in importance to the U.S.as an economic partner.Japan
recognizes the rise of China.As a warning shot in an intensifying rivalry，Tokyo last week put punitive import tariffs on Chinese steel.

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