Emerging-market investors also point out that Ecuador is a small country, in terms of both population and importance to financial markets. They argue it would be wrong to see it as a harbinger.

新兴市场投资者们也指出厄瓜多尔在人口和金融市场的重要性上是个小国家。他们主张把厄看成某个预兆是错误的。在其他市场上迄今还没有“感染效应”的迹象。

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The country now accounts for more than 14% of the average emerging-markets fund, double the level in 2007, according to Morningstar.

据晨星公司的数据，中国目前平均占了新兴市场基金的14%以上，较2007年的水平增加了一倍。

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Rich-country defaults are extremely rare (emerging markets, less so) which makes it difficult for investors to estimate how much they would recover in bankruptcy, a key determinant in CDS pricing.

发达国家的违约事件极其罕见，而新兴市场则相反。 这就让投资者难以估计信用违约掉期定价中的一项关键因素，即他们能从（发达国家中的）破产事件中回收多少钱。

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Meanwhile, Japan, a large developed country, which was not supposed to fare as well as emerging country markets, closed up 1.0% for the week.

FORBES: Market Meets New Wall of Worry Or More Likely Just Brief Profit-Taking On Way To Higher Highs

We generally favor developed country over emerging equity markets, particularly the US, where policy is still easing, immediate growth prospects are best and risks are relatively low.

FORBES: Waning Sentiment Comes Alongside Advice For More Caution

There is still a striking lack of executives from emerging markets at the top of developed-country multinationals.

ECONOMIST: The empire strikes back