The Mint countries: next economic giants?
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 of the world economy. The term was 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 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” – they are all going to see a rise in the number of people to work relative to those not working.
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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