The Mist Countries
THE THE MIST COUNTRIES – Mexico, Indonesia, South Korea & Turkey:
Are MIST countries becoming the new BRICs?:
For many investors, Mexico, Indonesia, South Korea and Turkey have taken over from the BRICS becoming the four biggest emerging markets, and growing faster than their major rivals.
BRIC inventor Jim O’Neil from Goldman Sachs proposed the new term MIST term for Mexico, Indonesia, South Korea and Turkey, which are the four biggest markets in the Goldman Sachs N-11 Equity Fund.
The MIST economies more than doubled during the last decade, according to Bloomberg, and continue surging despite global economy concerns. Mexico’s IPC Index has climbed 11% this year, comparing with a 2.8% growth of Brazil’s Bovespa. Meanwhile Turkey’s ISE National 100 gained 28 percent, compared to 13% gain of BSE India Sensitive Index and 2.6% gain in Russia’s MICEX.
Though the MIST nations outperformed the BRIC in pace of growth, its economic output still can’t approach the BRIC. Total GDP for the MIST nations was $3.9 trillion last year, compared to $13.5 trillion of BRIC economies and $7.3 trillion for China alone.
Comment:
If you go to the Wikipedia page about BRIC you will read that Mexico and South Korea tried to become part of BRIC. It was used the name BRIMC....But it failed because the BRIC were Core-Hubs in their areas (Eurasia, South America, Far East, South East Asia) while the MIST are a second dependent layer around the Hub.
In fact, and to be precise there are three World Hubs-Cores: USA, GERMANY (Eurozone) and CHINA.
Turkey depends on Europe, Mexico depends on the US, South Korea depends on China....So, if those hubs are hit, the MIST will be hit MUCH MORE, as we remember from the Bhat crisis.
Russia could be an Eurasian and Energy Hub-Core....even if still not fully developed, so it is still a layer of the E.U. Hub.
Mexico Economy – overview:
Mexico has a free market economy in the trillion dollar class. It contains a mixture of modern and
Are MIST countries becoming the new BRICs?:
For many investors, Mexico, Indonesia, South Korea and Turkey have taken over from the BRICS becoming the four biggest emerging markets, and growing faster than their major rivals.
BRIC inventor Jim O’Neil from Goldman Sachs proposed the new term MIST term for Mexico, Indonesia, South Korea and Turkey, which are the four biggest markets in the Goldman Sachs N-11 Equity Fund.
The MIST economies more than doubled during the last decade, according to Bloomberg, and continue surging despite global economy concerns. Mexico’s IPC Index has climbed 11% this year, comparing with a 2.8% growth of Brazil’s Bovespa. Meanwhile Turkey’s ISE National 100 gained 28 percent, compared to 13% gain of BSE India Sensitive Index and 2.6% gain in Russia’s MICEX.
Though the MIST nations outperformed the BRIC in pace of growth, its economic output still can’t approach the BRIC. Total GDP for the MIST nations was $3.9 trillion last year, compared to $13.5 trillion of BRIC economies and $7.3 trillion for China alone.
Comment:
If you go to the Wikipedia page about BRIC you will read that Mexico and South Korea tried to become part of BRIC. It was used the name BRIMC....But it failed because the BRIC were Core-Hubs in their areas (Eurasia, South America, Far East, South East Asia) while the MIST are a second dependent layer around the Hub.
In fact, and to be precise there are three World Hubs-Cores: USA, GERMANY (Eurozone) and CHINA.
Turkey depends on Europe, Mexico depends on the US, South Korea depends on China....So, if those hubs are hit, the MIST will be hit MUCH MORE, as we remember from the Bhat crisis.
Russia could be an Eurasian and Energy Hub-Core....even if still not fully developed, so it is still a layer of the E.U. Hub.
Mexico Economy – overview:
Mexico has a free market economy in the trillion dollar class. It contains a mixture of modern and