One mantra of recent years has been that, whatever the twists and turns of global economic growth, of commodities or of financial markets, “the emerging-economy story remains intact.” By this, corporate boards and investment strategists mean that they still believe that emerging economies are destined to grow a lot faster than the developed world, importing technology and management techniques while exporting goods and services, thereby exploiting a winning combination of low wages and rising productivity.
近几年来有个魔咒，即，不管全球经济增、大宗商品或金融市场长发生什么扭曲或转折，“新兴市场的故事总能岿然不动。”公司董事会和投资策略师这样说的意思是他们仍然相信新兴经济体必然比发达世界增长快得多，在进口科技和管理的同时出口商品和服务，从而获得低工资和生产率提高的胜利组合。