The Drivers of Financial Globalization
指出过去十年新兴市场在全球GDP和贸易中的占比上升，其外汇储备、主权财富基金和全球失衡格局表明这些国家在金融全球化中扮演重要角色。
Over the past decade, emerging markets have accounted for a growing fraction of world GDP and international trade (reflecting fast growth in China and India, but also strong economic performance across the board). And the spec tacular increase in foreign exchange reserve holdings, the growing importance of sovereign wealth funds, and the pattern of global imbal ances more generally suggest that these coun tries are also playing a major role in financial globalization.