Areporton Translation Of The Great Recession: Market Failure Or Policy Failure? (Chapter 3)

The rapidity of globalization exposes the earth we lived by into a changeable situation where the world experiences all changes of the global economy trend in many ways ranging from monetary and fiscal policies to the price level and the stock market.It is important to conform to the macroeconomics and to makea sound and reasonable financial and monetary policies,which symbolize the business cycle.This translation project report is based on the translation practice of The Great Recession:Market Failure or Policy Failure?,written by Robert.L.Hetzel.The book introduces knowledge of financial and monetary policies including the history of monetary policies by the Federal Reserve Committee and views and proposition from celebrated economists of the time and members of the New York Fed,allowing readers to have a clear and logical analysis of the root cause of the Great Depression.Furthermore,it may provide guidance for policymakers in China about how to control economy with rational and healthy monetary and financial policies.The first chapter encompasses the background information,objectives and significance of the project.The second chapter makes an analysis on the source text,including the publishing details,the main content,and a stylistic analysis of the source text.The third chapter introduces how translation theories and translation practices are combined and its guidance to translation practices.The fourth chapter is the body of the project.It puts stresses on difficulties and solutions during the process of translation,as involve terminologies,abstract nouns,similes and compound-complex sentences.This chapter makes an explanation of some translation techniques used by some famous translators and based on the translation practices.The fifth chapter summarizes translation project experiences,lessons,and problems to be solved.