The credit crisis and global recession may have started in the United States but it will be the combined efforts of China and other emerging world economies like India and Brazil that could lead the way out. The demand for goods from the growing middle class in these countries has started a flame that, with nurturing, could grow into an economic furnace.

China accounts for around 6 percent of the world economy, but when you factor in Brazil, India and other large emerging nations, they represent around 1/3 of global GDP.

The financial crisis and global recession has created an opportunity for these countries to look inward to a growing domestic market instead of having a myopic focus on exports. There is real demand within their own borders and finding new and innovative ways to foster and meet that demand is critical.

If these emerging economies can fan the flames of their own domestic markets they can not only weather the current economic storm, but perhaps emerge as leaders in the next iteration of the global economy.