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MINT May Be the New BRIC, but Do We Really Need It?
IKEA ready-to-assemble Swedish furniture warehouse is coming to greater Jakarta. Shipments of smart devices to Mexico– PCs, tablets, and smartphones–grew 46% last year.
These are but two examples of why MINT is the latest buzz acronym for armchair traveling economists. MINT – Mexico, Indonesia, Nigeria, Turkey – is the quartet du jour when it comes to economic powerhouses, according to former Goldman Sachs economist Jim O'Neill in a column for Bloomberg View.“Mexico, Indonesia, Nigeria and Turkey all have very favorable demographics for at least the next 20 years, and their economic prospects are interesting,” said O’Neill, explaining his interest in these emerging economies.
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