International Recession and MINTs Development: An Investment Opportunity to Relaunch Italian Companies?

In a strongly globalized world, characterized by high dynamism and turbulence, many economies including the Italian one are trying to get over the deep international crisis that unfortunately did not spare the Euro area, whose solidity is, therefore, seriously endangered. Nevertheless, it was noted that within the international economic environment, in the recent past, some economies, notably the BRICS countries’ (Brazil, Russia, India, China and South Africa) have recorded, over the last decade, significant growth in terms of GDP, thus contrasting the current trend and making up for several positions in the world rankings that measure the development of economies. Lately, however, the drive behind these economies is slowing as well, while there is evidence of the emergence of new countries on the international scene, whose development seemed inconceivable a few years ago, namely that of the countries covered by the MINT acronym (Mexico, Indonesia, Nigeria, Turkey). The present work aims at investigating these new emerging economies, in order to understand first of all, if they can somehow retrace the route taken by the BRICS. Secondly, once identified the pluses of the MINT countries, it would be convenient to understand whether these countries may share any common points and thus represent a new model of economic development. In this case, such a model could be implemented in some way, at least in some respects, in the government policies of the major countries under recession, while the opening up to foreign investment in these countries could represent a fortunate chance for those companies, in this case the Italian ones, that are currently looking at international relocation as the only weapon at their disposal to ensure their own survival. 1. Introduction The recent international economic crisis that involved the economies of all the continents starting from the Euro area (Italy, Spain, Greece, Portugal and Ireland, mostly) has prompted governments across the world to intervene in a drastic way to settle a financial situation that has now become unbearable. However, in Italy as in other countries, economic recovery cannot be assured only by the spending review or taxation levels that reach 45% and that are unsustainable for the population, but it requires structural interventions that are able to boost business, creating jobs, in order to allow a reduction in unemployment record rates. However, if on one side emerging economies have significantly grown over the last decade, namely the BRICS countries that stand out among others on the international scene for their amazing achievements, partially contrasting the current trend shown above, on the other one,