Emerging Nations Powering Global Economic Boom - Los Angeles Times

Developing countries like China, India, Russia and Brazil are increasingly setting the pace of global economies growth rather than US, Europe and Japan.
Of the 60 nations tracked in a recent study, not a single country is in recession, the first since 1969.
Developing nations are tearing away from G7 economies. In 1999, emerging markets grew by 3.8% relative o 3.2% of developed nations. Today, the growth rate of China (the largest emeging market) is set to grow by 10%.