If the other four tribes had a total monopoly on 70% of the total landmass and free reign to develop it that would be pretty unbalanced, absurdly so. I think it's unlikely in that sense.
Having said that, those four tribes will still likely originate on those continents but start the game in a sort of suspended animation. In literal terms, the other continents won't exist until the devs are ready to introduce them and the new tribes. A lot of the more advanced seafaring technology won't be available at launch which will prevent players from making it too far away from the areas the devs have curated (for lack of a better term). As development and the 10 year timeline moves forward the tech tree will grow; exploration will happen; and the new tribes will be, in a sense, beamed down to the world.
From a lore standpoint the uncivilized portions of the world will be very sparsely populated to functionally uninhabited, much like many places colonized by Europeans during the 15'-1800's. This is a tangent, but before WWII the overwhelming majority of the human species was located in China, India, and Europe. In terms of relative population density the Americas and Africa were pretty much uninhabited when compared to China, India, and Europe.
It is likely that the situation in Elyria will be something like that. The other four tribes are out there, but they aren't really... doing anything.