Nigeria, Mexico, Indonesia and Turkey billed the world’s next economic giants by Goldman Sachs Economist, Jim O’Neill

Jim O’Neill, the Goldman Sachs economist who coined the now famous acronym BRIC (Brazil, Russia, India & China) in his 2001 Goldman Sachs report “The World needs better Economic BRICs” has coined a new term to describe the world’s next economic giants – Mexico, Indonesia, Nigeria & Turkey (MINT). According to him, the MINT could become the new name on people’s lips, and further overturn the old world order.  O’Neill is particularly  bullish on Nigeria;  a nation of young, vibrant, natural entrepreneurs despite its history of corruption, crime, and mismanagement.

In a new column for Bloomberg View, O’Neill wrote on the MINT economies as a potential new investment destination for global investors:

I spent last week in Indonesia, working on a series for BBC Radio about four of the world’s most populous non-BRIC emerging economies. The BRIC countries — Brazil, Russia, India and China — are already closely watched. The group I’m studying for this project — let’s call them the MINT economies — deserve no less attention. Mexico, Indonesia, Nigeria and Turkey all have very favorable demographics for at least the next 20 years, and their economic prospects are interesting.