\u6b27\u5dde\u306e\u904b\u547d\u306f\u30de\u30a4\u30a2\u30df\u3067\u6c7a\u307e\u3063\u3066\u3057\u307e\u3063\u305f\u306e\u3060\u308d\u3046\u304b\u3002\u6b27\u5dde\u59d4\u54e1\u4f1a\u306e\u30af\u30d3\u30ea\u30a6\u30b9\u59d4\u54e1\uff08\u9632\u885b\u62c5\u5f53\uff09\u306f\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u3067\u306e\u6226\u4e89\u7d42\u7d50\u306b\u5411\u3051\u7c73\u56fd\u3068\u30ed\u30b7\u30a2\u304c\u307e\u3068\u3081\u305f\u548c\u5e73\u6848\u3092\u300c\u5bb9\u8a8d\u3067\u304d\u306a\u3044\u300d\u3068\u5606\u304d\u3001\u6b27\u5dde\u3082\u72ec\u81ea\u3067\u306f\u548c\u5e73\u6848\u3092\u5c0e\u304d\u51fa\u305b\u305a\u306b\u3044\u308b\u3088\u3046\u3060\u3002<\/p>\n
\u3000\u3000\u30af\u30d3\u30ea\u30a6\u30b9\u6c0f\u306f\u4ecf\u8a8c\u30ec\u30af\u30b9\u30d7\u30ec\u30b9\u304c\u30b9\u30c8\u30e9\u30b9\u30d6\u30fc\u30eb\u3067\u4e3b\u50ac\u3057\u305f\u30a4\u30d9\u30f3\u30c8\u3067\u3001\u300c\u3044\u3064\u3082\u7c73\u56fd\u306e\u8a08\u753b\u306b\u3064\u3044\u3066\u8b70\u8ad6\u3059\u308b\u306e\u306b\u306f\u3046\u3093\u3056\u308a\u3057\u3066\u3044\u308b\u300d\u3068\u8a9e\u308a\u3001\u300c\u308f\u308c\u308f\u308c\u81ea\u8eab\u306e\u8a08\u753b\u3092\u7df4\u3063\u305f\u65b9\u304c\u3044\u3044\u3060\u308d\u3046\u300d\u3068\u8ff0\u3079\u305f\u3002<\/p>\n
\u3000\u3000\u540c\u6c0f\u304c\u305d\u3046\u8003\u3048\u308b\u7406\u7531\u306f\u660e\u767d\u3060\u3002\u30de\u30af\u30ed\u30f3\u4ecf\u5927\u7d71\u9818\u3084\u30b9\u30bf\u30fc\u30de\u30fc\u82f1\u9996\u76f8\u3089\u306e\u53cd\u767a\u306b\u3088\u308a\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u6253\u3061\u51fa\u3057\u305f\u5c48\u8fb1\u7684\u306a28\u9805\u76ee\u306e\u548c\u5e73\u6848\u306f\u3001\u3088\u308a\u53d7\u3051\u5165\u308c\u3084\u3059\u304419\u9805\u76ee\u3078\u3068\u7d5e\u308a\u8fbc\u307e\u308c\u3064\u3064\u3042\u308b\u3082\u306e\u306e\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u3092\u7f70\u3057\u3001\u8cbb\u7528\u3092\u6b27\u5dde\u306b\u62bc\u3057\u4ed8\u3051\u308b\u82db\u70c8\u306a\u8b1b\u548c\u306e\u8105\u5a01\u306f\u4f9d\u7136\u6d88\u3048\u3066\u3044\u306a\u3044\u3002\u524d\u7dda\u306f\u884c\u304d\u8a70\u307e\u308a\u3001\u30c8\u30e9\u30f3\u30d7\u6c0f\u304c\u300c\u5207\u308a\u672d\u3092\u6301\u3063\u3066\u3044\u306a\u3044\u300d\u3068\u4e3b\u5f35\u3059\u308b\u30a6\u30af\u30e9\u30a4\u30ca\u306f\u3001\u6765\u5e742\u6708\u307e\u3067\u306b\u8cc7\u91d1\u304c\u67af\u6e07\u3059\u308b\u898b\u901a\u3057\u3060\u3002\u9632\u885b\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u3001\u8cbf\u6613\u3067\u7c73\u56fd\u306b\u6df1\u304f\u4f9d\u5b58\u3059\u308b\u6b27\u5dde\u306e\u6307\u5c0e\u8005\u305f\u3061\u306f\u3001\u508d\u89b3\u8005\u306e\u7acb\u5834\u306b\u8ffd\u3044\u3084\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n
\u3000\u3000\u3068\u306f\u3044\u3048\u3001\u6b27\u5dde\u306b\u3082\u307e\u3060\u5207\u308c\u308b\u30ab\u30fc\u30c9\u306f\u6b8b\u3055\u308c\u3066\u3044\u308b\u3002\u30a6\u30a3\u30c8\u30b3\u30d5\u7c73\u7279\u4f7f\u3068\u30ed\u30b7\u30a2\u306e\u30c9\u30df\u30c8\u30ea\u30a8\u30d5\u7279\u4f7f\u304c\u4e2d\u5fc3\u3068\u306a\u3063\u305f\u548c\u5e73\u6848\u306e\u7b2c14\u9805\u306f\u3001\u51cd\u7d50\u3055\u308c\u3066\u3044\u308b\u30ed\u30b7\u30a2\u306e\u56fd\u6709\u8cc7\u75233000\u5104\u30c9\u30eb\uff08\u7d0446\u51469000\u5104\u5186\uff09\u306e\u76f8\u5f53\u90e8\u5206\u3092\u7c73\u30ed\u3067\u5206\u3051\u5408\u3044\u3001\u5fa9\u8208\u6295\u8cc7\u306b\u56de\u3059\u3088\u3046\u6c42\u3081\u3066\u3044\u308b\u3002\u3053\u308c\u3067\u306f\u6b27\u5dde\u6700\u5927\u306e\u5207\u308a\u672d\u3092\u7121\u529b\u5316\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u3053\u306e\u6761\u9805\u306f\u5f8c\u3067\u524a\u9664\u3055\u308c\u305f\u3088\u3046\u3060\u304c\u3001\u305d\u306e\u610f\u56f3\u306f\u660e\u3089\u304b\u3067\u3042\u308b\u3002\u7c73\u56fd\u306f\u30c8\u30e9\u30f3\u30d7\u6d41\u306e\u52dd\u5229\u3092\u4e3b\u5f35\u3059\u308b\u597d\u6a5f\u3068\u6349\u3048\u3001\u30ed\u30b7\u30a2\u306f\u30a6\u30af\u30e9\u30a4\u30ca\u306e\u751f\u547d\u7dda\u3092\u65ad\u3064\u91cd\u8981\u306a\u624b\u6bb5\u3068\u307f\u306a\u3059\u3002\u6b27\u5dde\u306e\u53cd\u5fdc\u306f\u885d\u6483\u3001\u6012\u308a\u3001\u305d\u3057\u3066\u6297\u8b70\u3060\u3063\u305f\u3002<\/p>\n
\u3000\u3000\u3060\u304c\u3001\u4eca\u5fc5\u8981\u306a\u306e\u306f\u884c\u52d5\u3060\u3002\u6b27\u5dde\u306e\u57df\u5185\u7dcf\u751f\u7523\uff08GDP\uff09\u306f\u30ed\u30b7\u30a2\u306e10\u500d\u3060\u3002\u3053\u308c\u307e\u3067\u4ee5\u4e0a\u306e\u3053\u3068\u304c\u3067\u304d\u308b\u306f\u305a\u3060\u3002\u51cd\u7d50\u8cc7\u7523\u3092\u6226\u5f8c\u8ce0\u511f\u306e\u305f\u3081\u306e\u878d\u8cc7\u306b\u6d3b\u7528\u3059\u308b\u3053\u3068\u306b\u306f\u306a\u304a\u7570\u8ad6\u304c\u3042\u308b\u3002\u51cd\u7d50\u8cc7\u7523\u306e\u5927\u534a\u3092\u9810\u304b\u308b\u30d9\u30eb\u30ae\u30fc\u306e\u6c7a\u6e08\u6a5f\u95a2\u30e6\u30fc\u30ed\u30af\u30ea\u30a2\u306f\u81ea\u3089\u306e\u5b58\u7d9a\u306b\u5371\u6a5f\u611f\u3092\u62b1\u3044\u3066\u3044\u308b\u3002\u3057\u304b\u3057\u3001\u8cc7\u91d1\u96e3\u306e\u30d9\u30eb\u30ae\u30fc\u306b\u4fdd\u8a3c\u3092\u63d0\u4f9b\u3059\u308b\u304b\u3001\u540c\u984d\u306e\u8cc7\u91d1\u6e90\u3092\u78ba\u4fdd\u3059\u308b\u3053\u3068\u3067\u3001\u3053\u3046\u3057\u305f\u7570\u8ad6\u306f\u514b\u670d\u3067\u304d\u308b\u306f\u305a\u3067\u3042\u308a\u3001\u307e\u305f\u514b\u670d\u3059\u3079\u304d\u3060\u3002\u6b27\u5dde\u5916\u4ea4\u8a55\u8b70\u4f1a\u306e\u30a2\u30ac\u30c3\u30c8\u30fb\u30c7\u30de\u30ec\u6c0f\u306f\u3001\u305f\u3081\u3089\u3044\u7d9a\u3051\u308c\u3070\u7c73\u56fd\u304c\u6b27\u5dde\u306b\u5727\u529b\u3092\u304b\u3051\u308b\u4f59\u5730\u3092\u6b8b\u3059\u3053\u3068\u306b\u306a\u308b\u3068\u6307\u6458\u3059\u308b\u3002<\/p>\n
\u3000\u3000\u6c42\u3081\u3089\u308c\u3066\u3044\u308b\u306e\u306f\u30ea\u30fc\u30c0\u30fc\u30b7\u30c3\u30d7\u3067\u3042\u308a\u3001\u7406\u60f3\u7684\u306b\u306f\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u5411\u3051\u5927\u578b\u6226\u95d8\u6a5f\u306e\u5de8\u984d\u58f2\u5374\u304c\u8996\u91ce\u306b\u5165\u308b\u30c9\u30a4\u30c4\u3068\u30d5\u30e9\u30f3\u30b9\u304c\u3001\u305d\u308c\u3092\u767a\u63ee\u3059\u3079\u304d\u3060\u3002\u30c8\u30e9\u30f3\u30d7\u6c0f\u306e\u4e3b\u5f35\u3068\u306f\u88cf\u8179\u306b\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u306e\u4e3b\u8981\u306a\u8cc7\u91d1\u63d0\u4f9b\u8005\u306f\u6b27\u5dde\u3067\u3042\u308b\u3002<\/p>\n
\u3000\u3000\u51cd\u7d50\u8cc7\u7523\u306b\u8e0f\u307f\u8fbc\u3080\u6c7a\u65ad\u306b\u306f\u3001\u5f53\u7136\u306a\u304c\u3089\u4ed6\u306e\u8cc7\u91d1\u624b\u5f53\u3066\u3082\u4f34\u3046\u5fc5\u8981\u304c\u3042\u308b\u3002\u30a6\u30af\u30e9\u30a4\u30ca\u5fa9\u8208\u306e\u8cbb\u7528\u306f\u7d042300\u5104\u30c9\u30eb\u306b\u4e0a\u308b\u3068\u3001\u30d6\u30eb\u30fc\u30e0\u30d0\u30fc\u30b0\u30fb\u30a8\u30b3\u30ce\u30df\u30af\u30b9\uff08BE\uff09\u306f\u8a66\u7b97\u3059\u308b\u3002\u3057\u304b\u3057\u30ed\u30b7\u30a2\u306e\u30d7\u30fc\u30c1\u30f3\u5927\u7d71\u9818\u306e\u5f37\u786c\u59ff\u52e2\u3092\u524d\u306b\u3001\u6b27\u5dde\u306f\u81ea\u3089\u306e\u8ecd\u5099\u518d\u62e1\u5927\u306b\u3082\u652f\u51fa\u305b\u3056\u308b\u3092\u5f97\u306a\u3044\u3002\u30c8\u30e9\u30f3\u30d7\u6c0f\u4e3b\u5c0e\u306e\u4e16\u754c\u3067\u81ea\u7acb\u3092\u56f3\u308b\u306b\u306f\u3001\u6b27\u5dde\u5927\u9678\u306e\u9023\u5e2f\u304c\u4e0d\u53ef\u6b20\u3060\u3002\u30e6\u30fc\u30ed\u570f\u306e\u4e2d\u592e\u9280\u884c\u5f53\u5c40\u8005\u306f\u3001\u5171\u901a\u306e\u8ecd\u4e8b\u652f\u51fa\u3092\u8cc4\u3046\u305f\u3081\u3001\u5171\u540c\u50b5\u52d9\u306e\u62e1\u5927\u3092\u63d0\u5531\u3057\u3066\u3044\u308b\u3002\u30c9\u30a4\u30c4\u7d4c\u6e08\u306e\u505c\u6ede\u3068\u30d5\u30e9\u30f3\u30b9\u306e\u8ca1\u653f\u5371\u6a5f\u3092\u8e0f\u307e\u3048\u308c\u3070\u3001\u3053\u308c\u306f\u7406\u306b\u304b\u306a\u3046\u3002<\/p>\n
\u3000\u3000\u8cc7\u7523\u306e\u51cd\u7d50\u89e3\u9664\u306a\u3069\u3092\u901a\u3058\u305f\u8cc7\u91d1\u62e0\u51fa\u306f\u3001\u6b27\u5dde\u306e\u6226\u7565\u7684\u306a\u5f79\u5272\u304c\u30a6\u30af\u30e9\u30a4\u30ca\u306e\u904b\u547d\u3068\u4e0d\u53ef\u5206\u3067\u3042\u308b\u3053\u3068\u3092\u793a\u3059\u3002\u305f\u3060\u3057\u3001\u305d\u308c\u304c\u6226\u6cc1\u306b\u5373\u5ea7\u306e\u7a81\u7834\u53e3\u3092\u3082\u305f\u3089\u3059\u308f\u3051\u3067\u306f\u306a\u3044\u3002\u53b3\u3057\u3044\u73fe\u5b9f\u3068\u3057\u3066\u3001\u6226\u4e89\u7d42\u7d50\u306b\u306f\u8b72\u6b69\u304c\u4e0d\u53ef\u907f\u3067\u3042\u308a\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u306f\u9818\u571f\u306e\u4e00\u90e8\u55aa\u5931\u3092\u53d7\u3051\u5165\u308c\u3001\u8ecd\u4e8b\u30d7\u30ec\u30bc\u30f3\u30b9\u3092\u7e2e\u5c0f\u305b\u3056\u308b\u3092\u5f97\u305a\u3001\u5317\u5927\u897f\u6d0b\u6761\u7d04\u6a5f\u69cb\uff08NATO\uff09\u52a0\u76df\u3082\u4f9d\u7136\u3068\u3057\u3066\u967a\u3057\u3044\u9053\u306e\u308a\u3060\u3002\u6c5a\u8077\u53d6\u308a\u7de0\u307e\u308a\u306e\u5f37\u5316\u306f\u4e0d\u53ef\u6b20\u3068\u306a\u308b\u3002<\/p>\n
\u3000\u3000\u305d\u308c\u3067\u3082\u3001\u5236\u88c1\u5f37\u5316\u306b\u3088\u308a\u77f3\u6cb9\u53ce\u5165\u304c\u63fa\u3089\u3050\u306a\u3069\u3001\u30ed\u30b7\u30a2\u81ea\u8eab\u3082\u5727\u529b\u306b\u76f4\u9762\u3057\u3066\u3044\u308b\u4ee5\u4e0a\u3001\u6b27\u5dde\u306f\u300c\u548c\u5e73\u300d\u3068\u3044\u3046\u3088\u308a\u300c\u82e6\u3005\u3057\u3044\u964d\u4f0f\u300d\u306b\u8fd1\u3044\u8a08\u753b\u306b\u62b5\u6297\u3059\u3079\u304d\u3060\u3002\u30de\u30a4\u30a2\u30df\u306f\u30d9\u30eb\u30ea\u30f3\u3084\u30d1\u30ea\u304b\u3089\u9060\u304f\u96e2\u308c\u3066\u304a\u308a\u3001\u6b27\u5dde\u5927\u9678\u306e\u904b\u547d\u3092\u6c7a\u3081\u308b\u5834\u3068\u3057\u3066\u3075\u3055\u308f\u3057\u304f\u306a\u3044\u3002<\/p>\n
\uff08\u30ea\u30aa\u30cd\u30eb\u30fb\u30ed\u30fc\u30e9\u30f3\u6c0f\u306f\u30d6\u30eb\u30fc\u30e0\u30d0\u30fc\u30b0\u30fb\u30aa\u30d4\u30cb\u30aa\u30f3\u306e\u30b3\u30e9\u30e0\u30cb\u30b9\u30c8\u3067\u3001\u3053\u306e\u30b3\u30e9\u30e0\u306e\u5185\u5bb9\u306f\u5fc5\u305a\u3057\u3082\u7de8\u96c6\u90e8\u3084\u30d6\u30eb\u30fc\u30e0\u30d0\u30fc\u30b0\u30fb\u30a8\u30eb\u30fb\u30d4\u30fc\u3001\u30aa\u30fc\u30ca\u30fc\u3089\u306e\u610f\u898b\u3092\u53cd\u6620\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\uff09<\/p>\n
\u539f\u984c\uff1aUkraine\u2019s Defenders Still Hold an Ace Card: Lionel Laurent<\/p>\n
\uff08\u629c\u7c8b\uff09<\/p>\n
This column reflects the personal views of the author and does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.<\/p>\n","protected":false},"excerpt":{"rendered":"
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