Big traders, such as Swiss-based ECOM or Germany's Neumann, face a less favourable balance of power.

大型贸易商，比如总部位于瑞士的ECOM或是德国的Neuman，都面临着不利的权利不平衡。

It does not follow from this that the maximum degree of restriction of imports will promote the maximum favourable balance of trade.

由此不能得出这样的结论：对进口实行最大程度的限制，就能促进贸易的最大有利平衡。

For a favourable balance, provided it is not too large, will prove extremely stimulating; whilst an unfavourable balance may soon produce a state of persistent depression.

对于一个有利的平衡，只要它不是太大，就会被证明是非常刺激的；而不利的平衡可能很快会产生持续的抑郁状态。

(3) In the case of an unclosed system, a reduction of money-wages, though it increases the favourable balance of trade, is likely to worsen the terms of trade.

(3) 在非封闭系统的情况下，货币工资的减少虽然增加了贸易顺差，但很可能恶化贸易条件。

Contemporary experience of trade restrictions in post-war Europe offers manifold examples of ill-conceived impediments on freedom which, designed to improve the favourable balance, had in fact a contrary tendency.

战后欧洲贸易限制的当代经验提供了很多例子，说明对自由的考虑不周的障碍，旨在改善有利平衡，实际上有相反的趋势。

It is, indeed, arguable that in the special circumstances of mid-nineteenth-century Great Britain an almost complete freedom of trade was the policy most conducive to the development of a favourable balance.

事实上，在 19 世纪中叶英国的特殊情况下，几乎完全的贸易自由是最有利于形成顺差的政策，这一点确实值得商榷。

The earlier mercantilists laid great emphasis on this and were often to be found opposing trade restrictions because on a long view they were liable to operate adversely to a favourable balance.

早期的重商主义者非常重视这一点，并且经常被发现反对贸易限制，因为从长远来看，他们很容易对有利的平衡不利地运作。