In designing new products, firms in emerging markets are leapfrogging to the latest technologies, such as miniaturisation, mobile communications and advanced materials.

在设计新产品时，处于新兴市场的公司要开发出最新的技术，例如微型设备、移动通讯技术和先进的原料。

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And while many advanced economies face these cold headwinds, many emerging markets are facing too much heat-inflation pressures, strong credit growth, rising current account deficits.

而当很多先进经济体逆着冷风艰难前行时，诸多新兴市场却高温不退——通胀压力加剧，信贷强劲增长，经常账户逆差不断扩大。

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Optimists point to emerging markets' much-improved fiscal health (in contrast to that of advanced economies), their maturing infrastructure and their burgeoning middle classes.

乐观者指出新兴市场的财政收支情况有了很大的改善(和发达国家相比)，基础建设日渐完善而且中产阶级不断壮大。

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Samsung's standout lineup of LED TVs, including premium models targeting advanced markets and TVs tailored to emerging markets, has also improved quarter-on-quarter earnings.

ENGADGET: Samsung reports $8.27 billion in profits for Q4 2012 HD

No securities market comes close in size to the U.S. But when it comes to investor appetite for risk, the flow chart shows fund managers have been more apt to remain invested in higher beta emerging markets than in the advanced economies, especially basket-case Europe which is now more riskier than any of the big emerging markets, both politically and economically.

FORBES: Emerging Market Equity Flows Remain Positive, Despite Sell Trend

With emerging markets growing on average of 4.5%, according to the International Monetary Fund, and advanced economies growing under 2%, the longs have to be in emerging markets.

FORBES: Despite Volatility, America's Rich Still Buying Emerging Mkts