The region seems particularly vulnerable to the combination of a possible recession in the US and falling commodity prices. Let me elaborate on this a bit to examine the anatomy of a worst case scenario.
In India, the rise has been even faster, with a doubling of real GDP per capita in the last ten years. The integration of emerging economies into global markets for goods and services has been similarly swift. If you look at world exports of goods and services, the combined share of emerging markets doubled between the early 1990s and 2006, to reach roughly 30%.