Going forward, we anticipate production volumes to rise even further driven by low car ownership rates in major emerging economies like China and India.
Meanwhile, QE might make the dollar weaker, and make debt service easier for the government, but that does not change the situation in major emerging economies like China.
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The US can reduce the chances of "a disruptive transition as we move towards a new global economy, with the major emerging economies playing an increasing role both in global consumption and savings flows".
The Commission will comprise of senior legislators from G8 countries and the major emerging economies of Brazil, China, India, Mexico and South Africa to identify the most difficult domestic obstacles, and to explore in-depth, as well as politically test, the specific outcomes required from the G8 summit.
India, Brazil and South Africa played supporting roles - creating the kind of deal that suits the emerging major economies.
Russia would also wield more political power over those countries than it would the major advanced economies and its big emerging market partners in the south.
That kind of social change, driven as much by business as by government or nongovernmental organizations, is bringing major benefits to the next wave of emerging economies in the Middle East, Africa, India, and elsewhere.
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The 2012 data show that slowing exports to G3 economies were offset in part by strong shipments to major emerging markets and commodity exporters.
Of course, this demand flattens out at various periods when the emerging market economies cool, but this does not alter the major trend.
Just as the major advanced economies need to keep working to preserve stability among reserve currencies, emerging economies need to allow for currencies that are market-driven.
The U.S. economy has been the new emerging market for much of the past year, beating all of the major advanced economies in terms of GDP growth, and becoming a favorite of big money equity investors from around the world.
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