7  Advanced economies represent half of current global GDP on a purchasing-power-parity basis. Advanced equity market capitalization should be somewhat overweight in its GDP representation, given the large exposure of global companies to emerging-market growth. 8  These calculations assume that emerging-market investors hold only a fraction of existing market capitalization in advanced economies.
L Wilson Kamit: Policy and regulatory environment for business Address by Mr L Wilson Kamit, CBE, Governor of the Bank of Papua New Guinea, to the 21st Australia Papua New Guinea Business Forum, Cairns, Australia, 1-3 May 2005.