The once popular theory among economists of decoupling... is making a comeback.
Decoupling is the concept that emerging markets like the BRIC ( Brasil, Russia, India and China) could grow... independently of developed economies.
After the recent world financial crisis, the idea was discarded.
But it now seems to be re-emerging.
http://www.nytimes.com/2009/06/25/business/global/25oecd.html?_r=1&ref=todayspaper