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January 28, 2011

Probably should adjust some of the lists of the next hot growth emerging economies

Previously we had summarized the countries that come believed would be the hot growth emerging countries to follow China, India, Brazil and Russia

The CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa) is an acronym for favored emerging markets coined in late 2009 by Robert Ward, Global Forecasting Director for the Economist Intelligence Unit (EIU).

The Next Eleven (or N-11) are eleven countries—Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam—identified by Goldman Sachs investment bank as having a high potential of becoming the world's largest economies in the 21st century along with the BRICs.

It seems likely that countries like Egypt, Iran. Pakistan could have instability problems that could hinder growth for many years. Also, more information is emerging that shows that Egypt's economy was more screwed up and unable to deliver hope to most of its people. Egypt's high population growth meant that Egypt needed to deliver 7% per year growth or better in order to provide jobs and a good economy for its people.



Indonesia, Vietnam, Turkey and usually South Africa are included in each of the next emerging country lists. Turkey could have a problem if it catches the middle east unrest contagion and goes into a protracted period of unrest.

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