Six surging economies, the next BRICS?

15:33, January 08, 2010      

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If you're bullish about Brazil, Russia, India, and China, then don't forget there is an entire second tier of less-appreciated-but-giant economic growth stories -- the MAVINS, according to a report form Business Insider January 6.

The MAVINS is an acronym that refers to the six developing economies of Mexico, Australia, Vietnam, Indonesia, Nigeria and South Africa.

They are uniquely positioned to feed and benefit from global economic growth via their relative commodity advantages, yet at the same time, they have massive domestic market expansion opportunities due to a surplus of under-utilized land or people, said the report.

With the right policies, these nations are likely to blow away expectations over time and become leading powers in their regions. The MAVINS combined economies could easily equal 60 percent of today's America by 2020, over 200 percent of today's America by 2050, and then keep growing robustly thereafter.

By People's Daily Online
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