Rising powers - what to look out for in 2014
26th March 2014
As Russia, one of the so called BRICS economies, assumes the presidency of the G8 this year, and in anticipation of emerging trends and new research we may see coming to the fore in 2014, we highlight some material recently added to the ELDIS Rising Powers Resource Guide. In particular, here is your short guide to the wonderful range of acronyms being used in this sector.
We've already seen CIVETS mentioned in the emerging markets arena - namely Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. Then there was the Next Eleven (N-11). In the business world, pushing the boundaries a bit perhaps, there was even some talk of EAGLES (Emerging and Growth-Leading Economies)!
After a brief flirtation with MIST (Mexico, Indonesia, South Korea and Turkey), Jim O’Neill, formerly of Goldman Sachs, and the person who originally coined BRICS as a term, has recently moved on to a new acronym and is talking about the MINT economies – Mexico, Indonesia, Turkey, with Nigeria putting the N into MINT. You can read O’Neill's thoughts on the MINTs, written recently for the BBC,
Meanwhile, while we wait for research outputs to start appearing on the roles and impacts of emerging economies in 2014, take a look at our resource guide material.
So are the BRICS really now "so last year"?
We've already seen CIVETS mentioned in the emerging markets arena - namely Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. Then there was the Next Eleven (N-11). In the business world, pushing the boundaries a bit perhaps, there was even some talk of EAGLES (Emerging and Growth-Leading Economies)!After a brief flirtation with MIST (Mexico, Indonesia, South Korea and Turkey), Jim O’Neill, formerly of Goldman Sachs, and the person who originally coined BRICS as a term, has recently moved on to a new acronym and is talking about the MINT economies – Mexico, Indonesia, Turkey, with Nigeria putting the N into MINT. You can read O’Neill's thoughts on the MINTs, written recently for the BBC,
Meanwhile, while we wait for research outputs to start appearing on the roles and impacts of emerging economies in 2014, take a look at our resource guide material.
So are the BRICS really now "so last year"?