As global investors navigate the uncertain waters of emerging markets in the next few years, they should remember that, for these economies, the wave of industrialization and urbanization and the associated productivity gains are far from over. With their faster-growing populations and productivity, they will enjoy a growth advantage over developed economies for some time to come.
未来五年，全球投资者将面临新兴市场水深难测的局面，他们应该记住，对这些经济体来说，工业化和城市化浪潮以及随之而来的生产率提高还远未结束。它们拥有更快的人口和生产率增长速度，将在相当长一段时间内获得相对发达经济体的增长优势。