The BRICs: not as dependent on foreign trade as you might imagine

INTERNATIONAL: "BRICs, emerging markets and the world economy: Not just straw men; The biggest emerging economies are rebounding, even without recovery in the West," The Economist, 20 June 2009.

The key bit on updating the concept of decoupling (or the notion that the New Core doesn't need the Old Core to rise):

Decoupling means not simply that emerging markets tend to grow faster than rich industrial ones, although that is certainly true; it also implies that to some extent the two groups dance to different tunes, with emerging markets growing or shrinking autonomously, not just under the influence of rich ones.

Much clearer concept.