Central to understanding this puzzle are two distinctive features of the emerging-market productivity shock: it was resource-intensive and mercantilist in origin and consequence. Both features increased global savings.
理解这一谜题的核心在于新兴市场生产率冲击的两个不同特征：它是资源密集型的；它的起因和结果都是重商主义的。这两大特征都增加了全球储蓄。