Baltimore, MD (Vocus) July 14, 2010
Forget the BRICs. There’s a brand new set of emerging economies that could make investors windfall profits, according to a new article from Money Morning.
It’s been almost a decade since Goldman Sachs economist Jim O’Neill conceived the “BRICs” acronym to convey the exciting investment potential of four key emerging markets (Brazil, Russia, India and China).
But now, O’Neill is back – with a new list and a new acronym: The “CIVETS.” Given how much money investors have made from the BRICs, the CIVETS (Columbia, Indonesia, Vietnam, Egypt, Turkey and South Africa) certainly deserve a closer look.
Money Morning Contributing Editor Martin Hutchinson – a former merchant banker and leading expert on the global financial markets – breaks down the investment potential of these new growth markets … and even “rates” the likely winners and losers.
In his new Money Morning article, Hutchinson shows:
· How Colombia’s new president could set the country on the path to incredible growth.
· Why Indonesia’s geographic location is key to its future.
· What could hold Vietnam back from becoming the next East Asian “tiger” economy.
· Why Egypt might not deserve to be on this list at all.
· Why Turkey’s economy is at a cross-roads – with the potential to either see incredible economic growth or to be a real danger to investors.
· How South Africa’s resource-rich potential could be blunted by corruption.
Find out exactly which of these countries deserve your attention – and investment dollars – in: The CIVETS: Windfall Wealth From the ‘New’ BRIC Economies
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