新兴市场跑赢或者跑输，其酝酿的时间都很长；它们并不想落后于发达市场，等待其拉起，相反，它们想要超越之。
And emerging markets outperform and underperform with significant lead times; they tend not to lag the developed markets, waiting for them to get going, but, instead, precede them.
如果欧洲人曾经认为他们可以牺牲一些增长求的与美国的平等，现在许多欧洲人则害怕正被甩在后面，不仅是落后于美国，还要被新兴国家超越。
If Europeans once thought they could sacrifice some growth for the sake of more equality than America, many now fear they are being left behind, not just by America, but by new, rising powers.
在一些领域，新兴市场的企业已经超越了他们在西方国家的对手。
In some areas emerging-market firms are leapfrogging Western ones.
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