“BRIC” is over, meet the “MIST”

After their disappointed results on the second and third quarter of GDP growth results; seems that Mr. Jim O’Neill the Chairman of Goldman Sachs Asset Management, and the creator of the “BRIC” economic block is disappointed as well.

A new block called “MIST” stands for Mexico, Indonesia, South Korea and Turkey, could attract the investors attention and appetite over the strong “promised” globally economic Leaders Brazil, Russia, India and China.

MIST Economies

In a post on baguete by Maurício Renner, the Brazilian editor wrote [pt]:

BRICs já eram: conheça o MIST.
México e Indonésia, por exemplo, cresceram, respectivamente, 4,1% e 6,4% no segundo trimestre deste ano na comparação com igual período de 2011 – contra 0,8% do Brasil – em um momento de desaceleração mundial.

BRICs gone: Meet the MIST.
Mexico and Indonesia, for example, grew by respectively 4.1% and 6.4% in the second quarter of this year compared to the same period in 2011 – against 0.8% in Brazil – at a time of global slowdown.

While wrote the Guardian: After BRIC comes MIST, the acronym Turkey would certainly welcome

Acronyms have long been a favourite of policy wonks and policymakers, shorthand for describing the world and the changes taking place in it. Jim O’Neill, the Goldman Sachs economist who came up with the now-mainstream “BRIC” catch-all for four quite different economies – Brazil, Russia, India and China – has done it again.

BRIC vs. MIST

And an article by Charles Schwab-Oninvesting: Into the MIST

Improved economic conditions in Mexico, Indonesia, South Korea and Turkey are prompting analysts to take a closer look.

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About Rami Alhames

I'm a Syrian Brazilian, Freelance Translator and Social media contributor @GlobalVoices @GVinArabic, Meedan, in Portuguese, Arabic and English.
This entry was posted in Econmoy & Business, English, Portuguese and tagged , , , . Bookmark the permalink.

5 Responses to “BRIC” is over, meet the “MIST”

  1. Pingback: “BRIC” is over, meet the “MIST” | BrazilEconomy Updates | Brasil: Economia Global

  2. Pingback: Broken BRICs | Syrian in Brazil

  3. Reblogged this on born again brazilian and commented:
    Interesting…

  4. Besides South Korea don’t all these countries carry the same vices most of the Brics hold (like a huge state, high levels of corruption, underinvestment and/or not effectively investing on Education, and too much protectionism)? With the exception being perhaps that they aren’t so bad when it comes to protectionism. Anyway, given all these variables won’t this current growth spurt eventually end and find them facing the same problems Brazil is experiencing now?

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