May 23, 2017

The Mint countries: next economic giants?

bric_countries
The Mint countries: next economic giants? Reviewed by on . Array Array Rating: 2.5

Read this article from the BBC website and practice your Business English.

 

In 2001 the world began talking about the Bric countries – Brazil, Russia, India and China – as potential powerhouses of the world economy. The term was coined by economist Jim O’Neill, who has now identified the “Mint” countries – Mexico, Indonesia, Nigeria and Turkey – as emerging economic giants. Here he explains why.

So what is it about the so-called Mint countries that makes them so special? Why these four countries?

A friend who has followed the Bric story noted sardonically that they are probably “fresher” than the Brics. What they really share beyond having a lot of people, is that at least for the next 20 years, they have really good “inner” demographics – they are all going to see a rise in the number of people eligible to work relative to those not working.

 

Article by Editorial Staff
Click here to read the full article.

 

What does it mean? Click and find out!

powerhouse (n) something such as a country or organization that has a lot of power or influence
to coin (v) to use a word or phrase that no one has used before
sardonically (adv) in a sarcastic manner
demographic (adj, n) relating to populations
eligible (adj) allowed by rules or laws to do something or to receive something

 

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