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The Mint countries: Next economic giants?

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 PatternsgeoghuntPOPULATION AND THE ENVIRONMENT

Viewpoint: India - a BRIC between China and US Economic activity is unmistakably shifting towards emerging economies. In the last 50 years of the 20th century, the Western economies came together because they were leading the growth process. Now there has been a paradigm shift. Goldman Sachs, the institution which coined the acronym BRICs to define Brazil, Russia, India and China as a formidable economic grouping, says that by 2050 the bloc (BRICS now includes South Africa) will overtake the GDP of all developed economies including Japan. India has already started producing more additional GDP than Germany, and China is contributing more to the world economy incrementally than even the United States. At the last G20 meeting, the European countries looked upon India and China for help in dealing with the financial crisis. Born of trade Trade is the biggest glue that brings different cultures together. Russia has huge oil and gas reserves and Brazil is rich in many minerals including iron ore. Interdependence: India and China 'Co-opetition'

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Bric nations become increasingly interdependent China plays host on Thursday to the third summit of Bric nations, as it and other emerging economies increasingly drive global growth. The leaders of Brazil, Russia, India and China will meet on Hainan Island, along with potential new member, South Africa. The term Bric was coined in 2001 by Goldman Sachs economist Jim O'Neill to group together the four fast-rising economies. In recent months their economic might has been matched by their growing political influence. The four are part of the G20, a grouping of the major economies in the world. The Bric countries recovered quickly from the global financial crisis in 2008, proving they were not as vulnerable to a downturn in the US and Europe. With the developed world not looking to do business, these countries are turning to each other, and smaller emerging economies. Brazil Brazil's has traditionally exported commodities and minerals to the US and Europe, but Chinese demand is changing the equation for Brazil's agriculture. Russia India China

Greenfieldgeography - IB Geography Case Studies With case studies it is important to remember that many can be used in more than one section and in more than one paper. Below is rough guide for the case studies on the wiki and what they can be used for. It should also be remembered that if you have a good understanding of the course, then you can start creating your own case studies. These might be case studies you have heard about on the news, read about on the internet or even experienced first hand. Paper 1 - Core Themes Populations in Transition Disparities in Wealth and Development Disparities in wealth (intra-country variations) - China: Origin of disparitiesMillennium Development Goals (1,2,4,5 and 6): Disparities and changeTrading Blocs - EU: Reducing disparitiesProtectionism - Banana Wars: Reducing disparitiesFree Trade Areas - Incheon, South Korea: Reducing disparitiesDebt Relief - HIPC and Jubilee 2000: Reducing disparities Patterns in Environmental Quality and Sustainability Patterns in Resource Consumption Global Interactions

LEADING NGOs APPLAUD DECISION TO TACKLE NONCOMMUNICABLE DISEASES UN Noncommunicable Disease Summit to focus on long-term killer diseases that threaten economic development in low- and middle-income countries – Geneva, 13 May 2010 – For the first time ever, the United Nations General Assembly will hold a Noncommunicable Disease (NCD) Summit involving Heads of State, in September 2011, to address the threat posed by NCDs to low- and middle-income countries (LMICs). The UN General Assembly [unanimous] decision was congratulated by the World Heart Federation, International Diabetes Federation (IDF), International Union Against Cancer (UICC) and the International Union Against Tuberculosis and Lung Disease (The Union). This alliance of nongovernmental organizations (NGOs) represents the four diseases – cardiovascular disease, diabetes, cancer and chronic respiratory diseases – that are responsible for 35 million annual deaths globally, 80% of which occur in LMICs. Notes to Editor For more information, please contact: Download the PDF version >

Move Over, BRICs. Here Come the MISTs In 2001, Jim O’Neill kicked off a decade-long investment boom with a catchy acronym for the four largest emerging-market economies—Brazil, Russia, India, and China. The Goldman Sachs Asset Management chairman is now promoting a new foursome of fast-track countries: Mexico, Indonesia, South Korea, and Turkey. In terms of GDP and fund holdings, the MIST nations are the biggest markets in Goldman Sachs’s N-11 Equity Fund. Launched in February 2011, the fund has $113 million in assets (as of June 30) spread out across 73 stocks. So far this year, N-11 has outperformed Goldman Sachs’s $410 million Brazil, Russia, India, and China fund, climbing 12 percent, compared with a 3.2 percent gain for the BRICs. Besides the MIST countries, N-11 includes Bangladesh, Egypt, Nigeria, Pakistan, the Philippines, and Vietnam. “You’ve seen a rotation in the leadership based on rate of economic growth,” says Paul Christopher, chief international strategist at Wells Fargo Advisors.

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Will globalisation take away your job? Image copyright Getty Images Millions around the globe may have taken to the streets in recent years to protest against the impact of globalisation on their jobs and communities - but this backlash is only likely to grow as globalisation itself becomes more disruptive. The stark warning comes from Richard Baldwin, president of the Centre for Economic Policy Research think-tank, who has been studying global trade for the past 30 years. Technological advances could now mean white-collar, office-based workers and professionals are at risk of losing their jobs, Prof Baldwin argues. In the US, voter anger with globalisation may have led to Donald Trump's election victory, but those who voted for him could be disappointed as his aim of bringing back jobs is unlikely to work, says Prof Baldwin, who also worked as an economist under President George HW Bush. Protectionist trade barriers won't work in the 21st Century, he says. Virtual migration Robots rise Political backlash Balancing act

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