Tag Archives: BRICS

MINT is a neologism referring to the economies of Mexico, Indonesia, Nigeria, and Turkey. The term was originally coined by Fidelity, a Boston-based asset management firm, and was popularised by Jim O’Neill of Goldman Sachs, who predicted that the MINT countries that would be the world’s economic giants in the next decade. These four countries are also on the Next Eleven countries list. Before coming up with MINT, O’Neill, in 2001, had predicted the rise ...

When Dilma Rousseff of Brazil, Vladmir Putin of Russia, Manmohan Singh of India, Xi Jinping of China and Jacob Zuma of South Africa met recently under the aegis of BRICS in the South African coastal city of Durban, the leaders explored the creation of a development bank, in follow up from the previous summit. The last summit was the fifth ...