Which Emerging Economies will Fare the Best if there is Another Recession

Who has the most wiggle room?

http://www.economist.com/blogs/freeexchange/2012/01/emerging-economies

This article is about how emerging economies can be very tied to other more developed economies, typically through exports. It has been suggested recently that the Euro Zone crisis may cause another recession. Because of this when other more developed countries get into trouble financially, there can be great consequences for this happening. It reminds me of the saying "The US sneezes and Europe catches the cold." There will be less demand for the goods and services that the developing countries are exporting, and therefore they will have a decrease in capital entering the country. In this article they make an index for "monetary manoeuvrability and fiscal flexibility" which they have coined "wiggle-room index." This attempts to measure what emerging economies will be in the best shape if there is another recession. This means that they will be able to sustain growth even through another recession. The top three are Saudi Arabia, Indonesia, and China. This was very interesting to me, because a lot of times we don't think about how one economy will hurt another, particularly when they are not in close proximity.