> For the complete documentation index, see [llms.txt](https://docs.brix.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.brix.money/overview/emerging-markets.md). # Emerging Markets Emerging markets are economies undergoing rapid growth and industrialization, supported by expanding financial systems and rising domestic demand. While they account for roughly 85% of the world’s population and nearly 60% of global GDP growth, they receive only 15–20% of institutional capital allocation. These markets are expected to be the primary engine of global growth. In 2025, emerging markets are projected to drive approximately two-thirds of global GDP growth, outpacing developed economies by nearly 2.5x. This growth dynamic is often accompanied by higher nominal interest rates and local-currency yields that exceed inflation, reflecting both macroeconomic momentum and structural risk premiums. Despite this yield potential, access to emerging-market returns remains constrained. Regulatory frameworks, custody requirements, capital controls, and fragmented market infrastructure often limit participation to domestic investors or select institutions with local presence and specialized capabilities. As a result, many global investors are structurally unable to access local-currency yield opportunities, even where fundamentals are strong. These access constraints are a core reason why emerging-market yield remains under-allocated. Reducing friction around market access, custody, and settlement is key to unlocking capital flows into economies that are already driving the majority of global growth. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.brix.money/overview/emerging-markets.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.