Analysis: There's more to the developing world than BRIC

07/28/2010 | Economist (free content), The

The concept of the BRIC countries -- Brazil, Russia, India and China -- as a handy grouping of fast-growing emerging markets has gained acceptance since it was introduced at Goldman Sachs in 2001. But what would the second tier be called? A good bet is CIVETS: Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. "Their emergence will help to strengthen their respective regions, accelerating the shift of the global economy to the East and South," The Economist Intelligence Unit notes.

View Full Article in:

Economist (free content), The

Published in Brief: