The Mint countries: Next economic giants?
In 2001 the world began talking about the Bric countries - Brazil, Russia, India and China - as potential powerhouses of the world economy. The term was coined by economist Jim O'Neill, who has now identified the "Mint" countries - Mexico, Indonesia, Nigeria and Turkey - as emerging economic giants. Here he explains why. So what is it about the so-called Mint countries that makes them so special? A friend who has followed the Bric story noted sardonically that they are probably "fresher" than the Brics. This is the envy of many developed countries but also two of the Bric countries, China and Russia. Something else three of them share, which Mexican Foreign Minister Jose Antonio Meade Kuribrena pointed out to me, is that they all have geographical positions that should be an advantage as patterns of world trade change. For example, Mexico is next door to the US, but also Latin America. And as we all know, Turkey is in both the West and East. Indonesia, I am less sure about. He's right.
Related: 3.1 Trade Flows and Trading Patterns
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