Goldman Sachs economist Jim O’Neill coined Brazil, Russia, India and China as the BRICs but now he’s seeing a new bullish wave from the MINT countries — that’s Mexico, Indonesia, Nigeria and Turkey.
The BBC takes a closer look:
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. Indonesia is in the heart of South-east Asia but also has deep connections with China.
And as we all know, Turkey is in both the West and East. Nigeria is not really similar in this regard for now, partly because of Africa’s lack of development, but it could be in the future if African countries stop fighting and trade with each other.
Only a matter of time until someone files to sell the MINT ETF.
