Lessons for Emerging Markets from Greek Crisis

Simon Nixon writing for The Wall Street Journal predicts that exports from emerging markets will slowdown. Simon underlines the "Weakness of World Trade". What he means by this is that "the boost to the global economy from trade has been weakening: A dollar of trade today delivers less than half the boost to global output that it did between 1986 and 2000".
To reverse this trend, emerging economies have to make far reaching reforms similar to those of Greek. Simon also underlines the importance of making Monetary Policy independent of Fiscal Policies.