The question of what constitutes an emerging market has haunted me for decades. Since 1989, the World Bank has defined an emerging market as a country with a GDP per capita ceiling of $13,000 or less. But gross domestic product is simply a “wealth” statistic. A country with $12,999 in GDP per capita is very different from one with $1,500.
幾十年來一直困擾我的一個問題是：要具備哪些要素才能算作新興市場。自1989年以來，世界銀行(WB)對新興市場的定義是：人均國內生產毛額(GDP)在1.3萬美元及1.3萬美元以下的國家。但是，GDP只統計「財富」。人均GDP爲12，999美元的國家和人均GDP爲1500美元的國家之間差異巨大。
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