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The same guy who coined BRICS then coined MINT to name the next four countries who would get ahead. (Mexico, Indonesia, Nigeria, Turkey).
But then came the GFC and all went downhill. Brazil sled back into lawlessness, Russia devolved into savagery… and MINT never amounted to much.
Egypt has added a million people to its population in a year. It will find it very hard to grow its economy faster than its population. Turkey has been “enjoying” double figures inflation for more than a year. As elections loom it’s going to be more tense by the day.
The term BRICS was meant to make economic sense. It’s a completely outdated concept. The new group might as well call themselves Motley Crew.
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