A domestic orientation means growth can withstand global downswings that hit asia 's exporters .

以国内为导向，意味着它的经济增长可以抵御给亚洲出口企业造成沉重打击的全球衰退。

While the current crisis has some similarities to previous downswings there are some significant differences .

本次危机与过去几次衰退有着某种相似之处，但也有一些重要差别。

No modern society could accept the downswings that were routine in the 19th century , an era of much less intervention .

没有一个现代社会能够接受19世纪周期性的衰退，那个年代政府干预比现在少得多。

The eurozone cannot rely on markets alone . It will have to police divergence in upswings and cushion adjustment in downswings .

欧元区不能只依赖市场，而是必须在经济上涨时期管治趋异，在经济下行时期为调整提供缓冲。

The state remains the ultimate protector of people 's interests as markets overreach , on both the upswings and the downswings of capitalism .

在市场失灵时，政府仍是人民利益的最终保护者，在资本主义上升时期和下降时期都是如此。