A Report On The Translation Of The Mystic Hand: How Central Banks Shaped The 21st Century Global Economy (Chapter 2)

The selected text is from chapter 2 of the book The Mystic Hand: How Central Banks Shaped the 21 st Century Global Economy,authored by Johan Van Overtveldt.A former Minister of Finance of Belgium,Johan Van Overtveldt currently serves as the chair of the European Parliament Committee on Budgets.In this book,he interprets the impacts that central banks have on the world economy,and shares his valuable insights from the perspective as a prominent figure in the global economic community.Given the downward pressure on the global economy,shocks in the banking sector,and the potential for accompanying financial instability,the book holds practical significance.The selected text falls under the category of informative text in accordance with Peter Newmark’s Text Typology.The translator adopts Newmark’s communicative translation theory as the guiding principle.During the translation process,the translator encounters two sorts of challenges: terminology translation and translation of long complex sentences.To tackle these challenges,the translator,following principles of communicative translation,employs various techniques,including transplant,extension,division,shifting and restructuring.The translator aims to produce a faithful and clear translation with a natural flow that is easily accessible to the target readers,with the intention to accurately and effectively convey information,thus achieving the desired communicative effect.The translator concludes by providing a summary of the experience gained from the translation project and identifying issues to be solved.