All else being equal, the Singer–Terhaar model implies that when a market becomes more globally integrated (segmented), its required return should decline (rise). As prices adjust to a lower (higher) required return, the market should deliver an even higher (lower) return than was previously expected or required by the market.
这句话中因为一体化程度加深，required return降低，为什么说“the market should deliver an even higher return than was previously expected or required by the market”
