The World Bank issued a grim forecast for Emerging Markets, citing inflation and higher rates.
Seriously?
Most Emerging markets (with the exception of India, Turkey, and China) do benefit from higher inflation: they always ride the wave of the commodity supercycle, and many Western Countries to boot!
But thinking broadly the multiplier effect is broad-based:
As I think about the countries that would benefit from the higher commodities cycle: 
it is Canada, the US (yes, we produce oil, natgas, grains, livestock), Mexico, Chile, Peru, Venezuela, Colombia, Brazil, Argentina, Australia, Russia, Kazakhstan, Turkmenistan, Middle East, Indonesia, Malaysia Sweden, Norway and most countries in Africa.
We will have a commodities supercycle like 2004-2014! 

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