Demographic trends, productivity gains, increases in the stock of capital remain conducive to a stronger growth performance of emerging market countries in the medium to long term. Even countries that have shown a relatively strong degree of convergence with living standards of the developed world can still out-perform the latter, as the case of Korea and Taiwan shows.
2  See Arthur Rolnick and Rob Grunewald (2011), “The Economic Case for Targeted Preschool Programs,” in Edward Zigler, Walter S. Gilliam, and W. Steven Barnett, eds., The Pre-K Debates: Current Controversies and Issues (Baltimore: Brookes Publishing), pp. 22–26.