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Sunday, August 30, 2015

BRIC? not really; MINT

BRICs remember that?
Ten years ago Wall street pundits argued that Brazil had everything going for itself. Talks of becoming a developed country were published daily. It was its industry, manufacturing, tourism, internal demand, raw materials, food production... what could wrong?

Mexico...  well it was doomed... China made Mexico irrelevant.

look at this table


Greenfield FDI investments by country in $M
YEAR Brazil Mexico
2005 24,092 3,431
2006 4,357 9,743
2007 10,926 6,472
2008 27,958 21,463
2009 13,309 15,536
2010 25,355 10,412
2011 24,823 13,272
2012 13,809 9,253
2013 9,330 13,728
2014 5,917 16,025
2015 2,025 8,113
Total 161,901 127,548

Now nobody talks about BRICs in fact we talk MINT

Mexico
Indonesia
Nigeria
Turkey

Cool... for how long?




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