Emerging Market Book Value To GDP: 1978-2014

The gap between emerging market and developed market shares of global GDP has shrunk remarkably over the last ten years, but emerging market share of capital markets has lagged and even fallen in recent years as investors have taken advantage of low valuations and a post-crisis bull market in the US and Europe. As EM first return to trend and then start catching up again, Credit Suisse head of research and deputy global CIO Giles Keating and head of global equity research - investment banking Stefano Natella argue that EM capital markets will balloon between now and 2030.

“Emerging nation capital markets remain underdeveloped relative to the size of their economies, despite rapid growth in capital-raising over the past two...