A New Strong and Fast Emerging Market
Overview
Until recently, the best notorious work of Goldman Sach’s economist Jim O’Neill was probably the development of the BRIC* acronym. Now, however, the new grouping of Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa countries, dubbed CIVETS is becoming well know as well. Although it is not certain who created the acronym, some assert HSBC’s chief executive Michael Geoghegan while others claim the Economist Intelligence Unit, all parties believe this new bloc is becoming the next big strategy for growth, foreign investments, and global policy influence.
The authors believe that the future of robust global growth and development are being concentrated in the emerging markets. ...
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