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Decoupling theory holds that Asian economies, especially emerging ones, no longer depend on the United States economy for growth, leaving them insulated from a severe slowdown there, even recession—looked true for some time as Asian stocks rose while socks in the US fell - however, as fears of recession mounted in the US, stocks declined heavily. Looking this happen in late 2008 the decoupling theory regarding the Asian as well as the EU economies have now lost ground. But still the emerging economies are able to have higher growth rates and exports in comparision to the US – that is
why the theory is still debated by the experts.