Is the Emerging-Markets Rally for Real?

Stock markets in China and Brazil continue to outperform U.S. markets such as the Standard & Poor's 500-stock index by a significant margin this year. The MSCI Barra Emerging Markets Index is up 45% year-to-date, quadruple the performance of American stocks. BusinessWeek Senior Writer Roben Farzad and Assistant Managing Editor Chris Power discuss what's behind the emerging-market gains and whether they can last.

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