Indeed, when one looks at the current situation in many emerging market economies, one cannot but be struck by the huge gap between these two variables which, in my view, is the sign of a major distortion in the allocation of resources that might lead to future abrupt adjustment.
234 (0.)' & (0'!& (0'!& & ./ ! (e ko    - -  #4                       ! %'*  3'(( $ '. -  (0%( *. . $ . . . . -!